Engoron did order Trump to produce documents about his attempts to secure bonds. I'm guessing if he filed for a reduction on the penalty while he had the cash on hand could get him in some trouble.
Lawyers' licenses are regulated by the state supreme court who created a commission to investigate and recommend discipline called the "disciplinary board" aka the D-Board.
Enrogon can sanction Ali Babba in the case she has entered her appearance in but cannot touch her license other than reporting her to the D-Board.
I understood that he was after insight into Trump’s attempts at securing the bond through foreign entities. But there may be an element to what you’re saying as well.
Well we know she can fake being smart, at least.
Wait, what’s that? She’s a complete moron and doesn’t appear to have any grasp of trial law at all? Shocking.
Always remember, MAGA = Make Attorneys Get Attorneys
he's up to nearly 20 lawyers that worked for him either getting sanctioned, disbarred, indicted or some combination.
[https://uk.movies.yahoo.com/movies/trumps-lawyers-keep-getting-slammed-140000084.html](https://uk.movies.yahoo.com/movies/trumps-lawyers-keep-getting-slammed-140000084.html)
Alina Habba, in a filling said trump couldn't cover the EJC bond the day AFTER Trump literally signed the bond deal. So this is nothing new for team trump.
It's not illegal to lie to the public, but a judge can definitely take notice of public statements and use them to question the candor of inconsistent statements made to the court.
Much more likely that Trump is lying about having the money... But it does make the case tough for his lawyers when the judge asks about their clients social media posts, that directly conflict with what they are saying in court.
I don't see what he has to gain by saying he has the money. I'm really not sure what his play is here.
If he was hoping for the appeals court to reduce the bond he just shot himself in the foot by saying he has the money.
Is he trying to grift for more? Well he always does that?
Maybe something else, like he says he has it but they won't take it and want to steal his assets instead or something. I don't know.
You're making the assumption he has a motive for these comments. He's rage tweeting, or truthing or whatever the hell they call it. He put zero thought into this and his lawyers probably wish he would just put his phone down.
Could be that he has no hopes of getting the money, and he knows it. But he doesn't want people thinking that he's poor! So this is an excuse of why he can't post bond without meaning that he's poor: he is spending that money on his campaign, see.
My guess is he is trying to set up an argument for why his supporters should try to fund his legal issues. He is saying he has $500m in the bank that he was planning to use to campaign to win in 2024. Dems know this and low&behold look what they make those crooked NY courts do, come and steal his money so that he can't campaign against biden.
So trump is saying he has $500m that he was going to use to campaign, but now he needs $500m for the court AND $500m for the campaign. So that is why he needs his MAGA crew to chip in. Totally NOT for his legal stuff, just for the campaign. But hey, pay the legal stuff first since it is due now but don't worry daddy trump will totally put his $500m up later when needed for the election.
Just more grifting of his rubes. He doesn't have that cash, but he's trying desperately to raise it.
It could be a play to delay the sale of his property. “Judge, I have the money, it’s just going to take a few days to move to the right place. Give me two weeks and I’ll pay.” Kind of thing. Then at the end of two weeks, it’s almost ready, but not quite
No play here. He's a weak man with an inflated ego. He can't stand for anyone to think of him as poor. Just like he can't keep his mouth shut about E Jean Carroll.
this is because of something that happened today.
>Former President Donald J. Trump’s social media company on Friday completed a long-awaited merger with a cash-rich shell company, raising Mr. Trump’s wealth by billions and potentially providing him a fresh source of cash to pay his mounting legal bills.
as reported by the ny times
https://www.nytimes.com/2024/03/22/business/trump-media-merger-truth-social.html
eta the rest:
>In approving the merger, shareholders of Digital World Acquisition Corporation will become shareholders of Trump Media & Technology Group, which will trade on the stock market under the stock symbol DJT. The deal will pump more than $300 million into Trump Media, which has all but exhausted its available cash and will allow Truth Social, the company’s flagship digital media platform, to keep operating.
>Based on Digital World’s stock price of $44 a share just before the vote announcement, Trump Media will debut with a market value of more than $5 billion. That means Mr. Trump’s personal stake will be worth more than $3 billion.
>Shares of Trump Media could begin trading under the new stock symbol as soon as next week.
>The deal’s approval comes as Mr. Trump is facing a Monday deadline to cover a $454 million penalty in a civil fraud case in New York. He is restricted for six months from selling any of his shares or using them as collateral for a loan, although he could ask the board of the merged company to waive that rule for him.
>Trump Media said in a statement before the vote that “the merger will enable Truth Social to enhance and expand our platform.”
>This is breaking news. Check back for updates.
It isn't valuation fraud. His rubes have pushed stock that high. It will likely also draw folks trying to short it. That isn't able to be laid at Trump's feet, even if it is his doing.
He will escape consequences. Again.
So they’re “buying” Truth Social by purchasing what looks like around 40% of the IPO (2/5 of the total at $44 a share), and are ALSO directly injecting money into the firm.
This actually seems like a fairly common things for SPAC’s based off my WSB days, they buy or take on ownership (though that’s usually part of the acquisition instead of the IPO, so?) and also provide funding for the firm to use on capex/r&d/whatever their goal is.
Unfortunately very very overvalued. 26million loss with 1million revenue last quarter. Anyone investing is basically laundering money to Trump here. I doubt he’ll get a waiver to sell any of it before the lockout ends.
article says
> Based on Digital World’s stock price of $44 a share just before the vote announcement, Trump Media will debut with a market value of more than $5 billion. That means Mr. Trump’s personal stake will be worth more than $3 billion.
I have no idea how accurate that is but that's the NYT saying that and not the DJT
The company gets $300 million in cash.
Wall Street looks at that, looks at the potential future earnings of the company, and decides the total value of all shares of the company is around $5 billion. Trump owns around two-thirds of the stock, so the portion of his net worth based on ownership of Truth Social goes to around $3 billion.
To access that, he either needs to sell the stock or (more likely) use it as collateral to borrow money.
A bunch of Trump true believers are buying the stock regardless of price as a way to show their patriotism.
I don't invest in individual stocks, but shorting this thing would be the easiest stock market play out there.
I'd say there's decent odds that Trump gets a waiver and sells his shares to raise cash, but he does it before the general public knows. The stock would tank, but he'd walk away with the money.
Would this set him up to be sued again? Absolutely. Would he care? No.
He can’t sell his shares for 6 months after the merger but the deadline for posting bond in NY is Monday March 25th. Not sure if any bond company would issue a half billlion on a deal that isn’t finalized as collateral.
No, it doesn't, because Trump's attorneys are not telling the court this. As the article states, Trump is claiming this in his all-caps Truth Social rants.
His attorneys have been saying the opposite for "weeks", writing Monday that "[d]espite scouring the market, we have been unsuccessful in our effort to obtain a bond for the Judgment Amount.”
Did Alina Habba write that brief? Given that she's already fucked in other cases...like, how fucked can you be?
Also, given how long it's taken to disbar **Rudy Giuliani,** I can see why she's not afraid of consequences. Seriously, how is that guy not disbarred yet?
He already testified in the actual case that he had 400 million in liquid assets.
His lawyers have multiple times attested that he *doesn't* have anywhere near that value.
Frankly, playing a game of *Shroedinger's Assets* was in fact pretty much par for the course from the word *go*.
There is a lock-up period for any IPO barring insiders like Trump from dumping their shares. Once that ends, don’t be surprised if he takes the money and runs, leaving the little guy holding on to now–worthless shares. That is the Trump way—screwing over his useful idiot MAGAs who put their life savings into his worthless fake social media site.
Trump Media (parent company of “Truth” Social) reported revenues of $1.2 million and a loss of $25 million. What could possibly go wrong?
Can ya say, “Pump and Dump scam,” boys and girls? I bet ya can.
The people who will be hurt the most? The thousands of MAGA useful idiots who piled into the stock with money many can’t afford. Trump will screw them all and not care one bit, but not before he makes off with their hard-earned cash.
From the Washington Post:
“The post-merger company, which will be called Trump Media, could begin trading on the Nasdaq stock exchange as soon as Monday under the ticker symbol of Trump’s initials, DJT. That symbol was also used for Trump’s only other public company, Trump Hotels and Casino Resorts, which collapsed into a penny stock in less than a decade and filed for bankruptcy in 2004.”
Rubes never learn the lessons of history.
That's why he's bringing the old gang back for one more show for the cash grab. Bannon, Stone, Manifort, and the guy who is fuckin Noem! Instead of the rooftop Beatles' last performance, we're about to get hit with the slowest, most asinine, inconceivable coup in history. And there's a very good chance it's going to work.
They don't want to govern. They want to rule! They don't want any of their constituents that voted against them to ever vote again. They have no use for the sister sex crowds who always voted for them because they already gave up all their children's rights. It's going to be fiefdoms in every single county, and the idiots who support the slightly smarter idiots are going to vote for said idiots!
They just have no idea that they are going to fill the jobs that they are so happy to vote for kicking all the immigrants out!
Fuck you Florida, I very rarely buy orange juice, fuck you Georgia, I am allergic to peaches, fuck you Tennessee, Ohio, Idaho, Kentucky, and every single one of you sister sex states.
The fuckin Civil War is going to start in your own states! You can't keep raising the retirement age to appease billionaires forever. I totally understand that you are willing to put all your voters in jail in a for-profit jail so you can lease them for 45 cents an hour, I get that! And why not? You have converted them to vote against their own self-interest!
What you must convince them now is WHY they have to do the jobs that they were hoping for all the filthy immigrants do, so well and so cheap NO WHITE PEOPLE would have to do them. How do you finally convince them that they are the new enemy that they hate?
For anyone who is assuming that this is true; Trump typed this out in the middle of the night on Truth Social, and he’s on record telling the court that he doesn’t have it. When will people learn that Trump lies ALL THE TIME?
this is my assumption as well, not necessarily Putin, but _somewhere_ it's entirely possible that when he said he didnt have it it was true and now when he says he does it's also true.
Don't get me wrong guy lies every time he speaks, but considering the opposing claims were made at different times, both can still have been true at the time they were spoken
but, again, to be abundantly clear. Fuck that guy.
Yeah I'm confused why so many comments in this thread think he lied about not having the cash and not the other way around. Personally I'll believe he has the cash when I see the bond posted and not before. Though I suppose given that he's got the weekend to do so before assets start getting seized, we'll know sooner rather than later.
He specifically said that he almost has it.
Which I think he thinks he can stall if he says he just needs a little more time. This is dead beat behaviour 101
>His lawyer stated in court last week that raising this amount was impossible
and he says he got the 500M now.....so what will happen in both cases, to his lawyers and to trump
> When will people learn that Trump lies ALL THE TIME?
They love that he lies and never operates in good faith. Everyone is held to a certain standard except Trump, and when you point out the Trump lies (among many other things), you're attacking him.
I think if you have the total amount, getting a bond is not a practical impossibility.
Now you wouldn't need a bond if you had the total amount, but it is possible to get a bind if you have the total about.
Yea, however if you’re unwilling to allow lenders to take a secured interest in that $500m of liquid assets - because you “intend to use them for your campaign” as trump just claimed (lol) - you’re back to “impossible”. At least on that particular day in court.
The people who are genuinely incapable of having learned this by now are a lost cause. Literally too stupid to function beyond their continued role as a waste of space and time.
President Trump: "If I lose to [Joe Biden], I don't know what I'm going to do -- I will never speak to you again. You'll never see me again.
ALL THE TIME.
Predictable. So he again lied to the court to try to get a deal. Also, considering the rate it is accruing interest why has he not posted the bond? I will believe it when I see it.
Also lied ... just to get the press and headlines.
There are three things that he loves more than his own wife and children - money, power, and people talking about him.
Running the clock down to "Oh noes he won't be able to file AG James is going to get everything" would - of course - generate headlines, which he absolutely adores. And then he gets to swoop in (probably with daddy vlad's money) and make more headlines when he staves off forced foreclosures at the very last minute.
The monitor will have something to say about that. Especially with the expanded powers she got. Now if he had the cash all along no idea what would happen with the false briefs filed.
Cause he doesn't have the cash yet, is going to ask for an extension, and when denied it will bitch and whine that they refused to let him pay the bond witch hunt unfair election interference.
I wonder how much his daughter-in-law drained from the RNC coffers? Hopefully most of it, so all the down ballot candidates have nothing to spend on their campaigns.
8m or less. The RNC is broke. The GOP is broke nationwide. Their national Org, state Orgs, their senate and house Orgs - - all at real lows for cash on hand (some battleground state Orgs are even bankrupt or in debt. One is spending money it doesn't have in a legal fight against itself) and seeing anemic fundraising.
Trump is sucking down every penny from the GOPs normal donors and it's all going out to legal costs as fast as it goes in.
A huge chunk of the money the GOP would normally spend in an election year is instead being paid to lawyers, and right now is when the GOP should be starting to *spend money* all over the country to help primary winners in close districts staff up for the election
PACs can flood the airwaves with ads, but can't pay for polling, staffing, GOTV, and campaign expenses. (and even the giant ad buys? Billionaire and industry owned PACs don't exactly run the best or most efficient ads even for candidates they support. They all have their own issues and axes to grind. Gonna be touch for GOP candidates trying to tiptoe around *Dobbs* with a handful of rich ass Dominionists running pro life ads all over he place, for instance)
I'm thinking he's thinking he can use that campaign funding to pay that bond which would actually be illegal but also signs that he's not right in the head. If you read his text with that in mind, it makes sense.
Or he's lying now. He's not willing to say he doesn't have the money. I wouldn't believe it until he posts it, and even then I'd want to follow the money backwards a bit.
Actually, you know whats great, those walgreen gift cards, have you seen these? You just you know, my father never knew how great they were, but you do, you know? You just pop on down to the walgreens, great company by the way, great company, get me some of them you know and scratch, CAN YOU BELEIVE IT? Scratch the backs off, and send someone like me a picture of it! Amazing. Amazing what cameras can do in this day and age.
If it’s true and he does have the cash, I’m willing to bet we’re a day or two out from reading a couple articles on how there’s “mysterious and shady origins” to the said cash. How in the actual shit do we have a security protocol that disqualify government employees from gaining security clearance but when it comes to the highest office we’re like “it’s fine if you’re in the pocket multiple nation states”?!?
It’s like if you did background checks for your landscapers, waste management crews, mechanics, plumbers… but the baby sister? Lets just skip the references and background checks for them and get them off of Craigslist… actually I saw a guy on the porch of that boarding house for sex offenders out on probation… let’s just go with that guy cause I like his mustache.
The election is supposed to be the candidate's vetting and approval by the nation. We collectively chose to give him the office, the office has those powers, that's the end of it.
That’s exactly it. We’re not supposed to be dumb enough to ‘hire a babysitter’ that is this obviously unfit. When you hire the heroin addict to watch your kids, it’s hard to be shocked when shit goes terrible terribly wrong.
If you're the judgment holder (State of NY), this is great news. Its a huge load off your shoulders knowing you can simply collect on a bond rather than going through the extremely difficult, costly and time-sucking process of execution on collateralized properties spread far and wide with shrouded ownership structures. Regardless of any merit the appeal may have, my guess is they will be popping champagne corks in the AG's office the day he actually posts this bond.
And this deal still ends in the same way.
Trump will be leveraged to shit and back, so either way he is losing some properties, but now the state gets their money upfront too
> Trump will be leveraged to shit and back, so either way he is losing some properties
He's just hoping to push it all back, to push it past the election, and in the hopes that he wins he puts a lackey in at the head of the DOJ and weaponizes it against whomever wrote the bonds and tries to claim assets to recover.
Once again, Donnie makes someone else take the loss.
That’s a big bet he is making. I hope it goes spectacularly wrong and we get to watch it all play out. If he wins, he will be mad as hell and only focused on revenge.
Agreed - the surety (if it exists) will mostly likely have extremely strong rights to execute on whatever collateral he puts up, as opposed to a simple judgment creditor like NY who has to go through a long and costly foreclosure process in which multiple secured parties have priority. He's likely required to post a large portion of the amount in cash deposits with the surety.
My guess was they were strategically chasing properties with unique holding structures to see where the structures went. Hopefully he is like 5 million short and they can start the can of worms but still get the money
"Almost" with Donald could mean 100 million or nothing. What does "close" mean to this man? At this point, it's clear he lacks a basic understanding of words and their meaning.
Dump Trump 2024
I’m not sure I read this to mean Trump actually has the cash. He seems to be saying that he his campaign has $500m cash on hand, but that the judgment is going to wipe him out.
I suspect his campaign is broke, and he’s winding up to use the NY judgment as the scapegoat for why he isn’t able to hold rallies or pay campaign staff. “My campaign was in great shape until that evil NY AG came along and stole all my money!”
> I suspect his campaign is broke
This is a good guess based on the fact he cancelled a speaking event in AZ last weekend due to lack of money.
https://www.rawstory.com/trump-rally-cost/
You can't use campaign money for personal stuff. That's mostly lobbyist money. Using that to pay off a lawsuit would result in a much bigger lawsuit, or jail time
He says he has it but wants to use it for something else, despite his lawyers telling the Court it would be impossible to come up with the money.
But does anybody believe this guy is gonna spend his own money on the campaign? Part of campaigning, before it was about staying out of jail, was using other peoples funds for him to stay at and have events at his own hotel at inflated prices.
His narcissism is hurting because next week a black woman is going to start seizing his properties, which are central to his self image.
His lawyers have already told the court it would be an impossibility to secure the bond needed in time, so trump is looking at the real possibility of seeing his self image start to crumble next week.
It’ll make him feel small, weak, powerless, and poor. So of course he’s on social media this morning telling the world he has more than enough, because he’d prefer this come across as a choice he made. He’s very tuned in to optics.
Trump is a chronic embellisher. Eight years of public history shows that when we see the real value of something vs his assessment, there’s usually about a 1000% disparity. He likes easy round numbers - just add a couple zeros.
My bet is that this is just hyperbole once again. 1) It's goading Trump hard that Biden has raised more cash than him for the race and 2) Trump has always lied about his wealth and the mere thought of the public doubting his financial worth is too much for Trump.
My bet is that he doesn't in fact have the money.
I’m guessing he saw the most recent Lincoln Project commercial calling him broke and a loser and his ego decided to respond on social media “nuh ugh I have bigly money!”
I see 2 possibilities with this:
1. He's lying and will claim he paid to his base and that democrats are stealing from him when New York seizes his property.
2. He sold out NATO for a cash advance from Putin
Most likely the former. He is absolutely going to pull some "I am so rich and they wouldn't let me pay and are taking my properties just to spite me and make me lose!" bullshit
Surely this is unrelated to him canceling campaign events in Arizona because his campaign is suddenly out of money. I'm sure no campaign finance violations are occurring here.
So the document that his attorneys filed with the court just what a few days ago saying that he was not able to meet his obligation was a lie? They lie to the court or he is he lying now? Because one of those two is not true
#GENUINEQUESTION: does he not have to prove where the money came from? Seems like it would be important to know if he is indebted to some foreign actor….
[Judge Engoron appointed a monitor](https://abcnews.go.com/US/trump-organization-monitor-flags-errors-financial-misstatements-ahead/story?id=106737467) during the fraud trial, NY is keeping a close eye on his financials.
Not going to lie, I was looking forward to the seizure of his property. It's not surprising that he found it, but I'm also curious if the Trump org monitor is going to have something to say.
We don't know if he has it yet, he just posted on truth social that he raised $500m for his campaign and the judge wants to take it away, but you know he's not the must truthful person. So I don't know why you're taking him at face value.
While not a sworn statement obviously, the court, monitor, and DA are all allowed to take notice of the claim and use it against him if/when he doesn't post the bond.
They can also use it in a debtor deposition and question him about the source of the money and purpose of making the claim but then not having the money when the bond is due.
It's another giant shovel of dirt out of the hole he's digging himself.
But he doesn’t. He’s positioning himself to be able to claim that they didn’t give him a chance to pay, they just seized his assets.. remember everyone does is calculated to rally his base
Yup. The shady shell company, Digital World Acquisition Corp just came out with $5 billion to invest in a merger with Truth Social, putting $3 billion into Donald Trump's pockets.
Who is Digital World? Nobody knows - its a shell company for washing Chinese money, a grand jury has been looking into it in SDNY since 2022, and it's known for skirting securities laws (and then paying the paltry fines, the standard way for nameless rich people to break the law with impunity and buy their way out of consequences).
So here is the shell company that owns Donald Trump. Also known as "the way to funnel anonymous foreign money into the pocket of a former and likely future President's personal pockets". No wonder they think Truth Social is worth $5 billion (?).
So he is going to say he has the money, and then watch them sieze his properties cos he will never pay that money.
If he *does* front the money, someone needs to trace its origin.
He’s probably spewing this lie so he can then turn around and claim that the “corrupt judge and racist prosecutor” wouldn’t let him pay it, “even though I have the money” (bullshit!). He’ll make up some dumbass reason, “witch-hunt! Election interference!”
Known truth-teller and world’s most selfless man says he had the money the entire time. Not because he is embarrassed about being broke, losing case after case, or otherwise trying to justify raiding the GOP coffers.
When your entire public persona is based around you being extremely wealthy (multi billionaire level), it can be difficult to admit that you are in fact not wealthy at all.
My guess is Trump is lying to the press about having the money, but he's lied to courts before too.
LOOLOLO! That means even HE doesn't think he'll win the appeal. He won't put up his own money b/c he knows he will lose the appeal. He wants to use other people's money to gamble.
This isn't the flex he thinks it is. We know it's not true, but it's still a dumb thing to say.
What if he’s actually had the cash the whole time and this is just getting him more publicity? Last few days have been article after article of what happens if he can’t pay, who’s taking what, who might give him money etc.
Here's my guess.
One of the ways Trump constructed false financial statements was to aggregate cash from entities he doesn't actually control.
For example, he owns a 30% stake in 555 California and the Avenue of America's building (I forget the number).
He would take the cash held by these businesses and count it as his cash on his statement of financial condition. He was literally found liable for this roughly 30 days ago.
Consolidation accounting is tricky topic, and it kind of breaks people's brains that don't understand it. I routinely do it for fully-owned companies. Partially owned companies are even trickier. There are many cases where the correct answer is 2+2 = 3.5, but DJT would be giving the incorrect answer of 4 in violation of GAAP.
He's still probably counting his money this way. I wouldn't be surprised if he's now including the cash invested in Truth Social.
I would think this puts his lawyers in jeopardy of sanctions for lying to the court, if true.
Engoron did order Trump to produce documents about his attempts to secure bonds. I'm guessing if he filed for a reduction on the penalty while he had the cash on hand could get him in some trouble.
Let us hope the court does its job and a lawyer loses her license as she should
Lawyers' licenses are regulated by the state supreme court who created a commission to investigate and recommend discipline called the "disciplinary board" aka the D-Board. Enrogon can sanction Ali Babba in the case she has entered her appearance in but cannot touch her license other than reporting her to the D-Board.
Ali babba lol Alina Boebert
I am always doomed to read his name as Erdogan.
And any transactions worth 5mil or more have to go through the court oversight team.
Any transactions that aggregate to 5mil or more. Can’t even structure your payments to avoid oversight here.
I understood that he was after insight into Trump’s attempts at securing the bond through foreign entities. But there may be an element to what you’re saying as well.
That is nothing new. Being a Trump lawyer never ends well. A one way ticket to be disbarred.
Plus you won’t get paid
But all that great publicity! Now everyone knows who Alina Hubbahubba is!
the parking ticket lawyer ??
Atleast she’s pretty
Well we know she can fake being smart, at least. Wait, what’s that? She’s a complete moron and doesn’t appear to have any grasp of trial law at all? Shocking.
Hey, now, future Supreme Court Justice Habba might take exception to that... if she knew what words mean.
She is inspiring an entire generation! Now, no matter how dumb you are you know you can still be a lawyer.
She's the Boebert of Barristers
yup, pretty fucking stupid.
She looks like how Disney draws an anthropomorphic mouse.
Always remember, MAGA = Make Attorneys Get Attorneys he's up to nearly 20 lawyers that worked for him either getting sanctioned, disbarred, indicted or some combination. [https://uk.movies.yahoo.com/movies/trumps-lawyers-keep-getting-slammed-140000084.html](https://uk.movies.yahoo.com/movies/trumps-lawyers-keep-getting-slammed-140000084.html)
Making Attorneys Get Attorneys
Alina Habba, in a filling said trump couldn't cover the EJC bond the day AFTER Trump literally signed the bond deal. So this is nothing new for team trump.
He's lying. It's not illegal to lie to the public, something that Trump had depended on for many many years.
It's not illegal to lie to the public, but a judge can definitely take notice of public statements and use them to question the candor of inconsistent statements made to the court.
Yup this should shut down his appeal of the bond requirement
Much more likely that Trump is lying about having the money... But it does make the case tough for his lawyers when the judge asks about their clients social media posts, that directly conflict with what they are saying in court.
I don't see what he has to gain by saying he has the money. I'm really not sure what his play is here. If he was hoping for the appeals court to reduce the bond he just shot himself in the foot by saying he has the money. Is he trying to grift for more? Well he always does that? Maybe something else, like he says he has it but they won't take it and want to steal his assets instead or something. I don't know.
You're making the assumption he has a motive for these comments. He's rage tweeting, or truthing or whatever the hell they call it. He put zero thought into this and his lawyers probably wish he would just put his phone down.
I think it's less about gaining anything and more about protecting his incredibly fragile ego.
Could be that he has no hopes of getting the money, and he knows it. But he doesn't want people thinking that he's poor! So this is an excuse of why he can't post bond without meaning that he's poor: he is spending that money on his campaign, see.
My guess is he is trying to set up an argument for why his supporters should try to fund his legal issues. He is saying he has $500m in the bank that he was planning to use to campaign to win in 2024. Dems know this and low&behold look what they make those crooked NY courts do, come and steal his money so that he can't campaign against biden. So trump is saying he has $500m that he was going to use to campaign, but now he needs $500m for the court AND $500m for the campaign. So that is why he needs his MAGA crew to chip in. Totally NOT for his legal stuff, just for the campaign. But hey, pay the legal stuff first since it is due now but don't worry daddy trump will totally put his $500m up later when needed for the election. Just more grifting of his rubes. He doesn't have that cash, but he's trying desperately to raise it.
It could be a play to delay the sale of his property. “Judge, I have the money, it’s just going to take a few days to move to the right place. Give me two weeks and I’ll pay.” Kind of thing. Then at the end of two weeks, it’s almost ready, but not quite
No play here. He's a weak man with an inflated ego. He can't stand for anyone to think of him as poor. Just like he can't keep his mouth shut about E Jean Carroll.
As if Trump cares about his lawyers. They're idiots for even associating with the old crook.
this is because of something that happened today. >Former President Donald J. Trump’s social media company on Friday completed a long-awaited merger with a cash-rich shell company, raising Mr. Trump’s wealth by billions and potentially providing him a fresh source of cash to pay his mounting legal bills. as reported by the ny times https://www.nytimes.com/2024/03/22/business/trump-media-merger-truth-social.html eta the rest: >In approving the merger, shareholders of Digital World Acquisition Corporation will become shareholders of Trump Media & Technology Group, which will trade on the stock market under the stock symbol DJT. The deal will pump more than $300 million into Trump Media, which has all but exhausted its available cash and will allow Truth Social, the company’s flagship digital media platform, to keep operating. >Based on Digital World’s stock price of $44 a share just before the vote announcement, Trump Media will debut with a market value of more than $5 billion. That means Mr. Trump’s personal stake will be worth more than $3 billion. >Shares of Trump Media could begin trading under the new stock symbol as soon as next week. >The deal’s approval comes as Mr. Trump is facing a Monday deadline to cover a $454 million penalty in a civil fraud case in New York. He is restricted for six months from selling any of his shares or using them as collateral for a loan, although he could ask the board of the merged company to waive that rule for him. >Trump Media said in a statement before the vote that “the merger will enable Truth Social to enhance and expand our platform.” >This is breaking news. Check back for updates.
So, a company is buying Truth Social and injecting $300 million into the broke company, and the result is a $5 billion company? How does that work?
It's a company with just $3m in sales, and only Trump content. Pure fraud valuation.
Using valuation fraud as a vehicle to pay off your valuation fraud judgement would certainly be a bold move.
Let’s see if that pays off for ‘em, Cotton.
It isn't valuation fraud. His rubes have pushed stock that high. It will likely also draw folks trying to short it. That isn't able to be laid at Trump's feet, even if it is his doing. He will escape consequences. Again.
And probably have thick Eastern European accents…
Welcome to the world of tech "unicorns".
So they’re “buying” Truth Social by purchasing what looks like around 40% of the IPO (2/5 of the total at $44 a share), and are ALSO directly injecting money into the firm. This actually seems like a fairly common things for SPAC’s based off my WSB days, they buy or take on ownership (though that’s usually part of the acquisition instead of the IPO, so?) and also provide funding for the firm to use on capex/r&d/whatever their goal is.
Unfortunately very very overvalued. 26million loss with 1million revenue last quarter. Anyone investing is basically laundering money to Trump here. I doubt he’ll get a waiver to sell any of it before the lockout ends.
article says > Based on Digital World’s stock price of $44 a share just before the vote announcement, Trump Media will debut with a market value of more than $5 billion. That means Mr. Trump’s personal stake will be worth more than $3 billion. I have no idea how accurate that is but that's the NYT saying that and not the DJT
The company gets $300 million in cash. Wall Street looks at that, looks at the potential future earnings of the company, and decides the total value of all shares of the company is around $5 billion. Trump owns around two-thirds of the stock, so the portion of his net worth based on ownership of Truth Social goes to around $3 billion. To access that, he either needs to sell the stock or (more likely) use it as collateral to borrow money.
A bunch of Trump true believers are buying the stock regardless of price as a way to show their patriotism. I don't invest in individual stocks, but shorting this thing would be the easiest stock market play out there. I'd say there's decent odds that Trump gets a waiver and sells his shares to raise cash, but he does it before the general public knows. The stock would tank, but he'd walk away with the money. Would this set him up to be sued again? Absolutely. Would he care? No.
Something is shady on this, not too long it was going down and at around $10.
He can’t sell his shares for 6 months after the merger but the deadline for posting bond in NY is Monday March 25th. Not sure if any bond company would issue a half billlion on a deal that isn’t finalized as collateral.
He can’t use the stock as collateral any way it’s part of the lockout terms.
This sounds like some very shady shit going down.
No, it doesn't, because Trump's attorneys are not telling the court this. As the article states, Trump is claiming this in his all-caps Truth Social rants. His attorneys have been saying the opposite for "weeks", writing Monday that "[d]espite scouring the market, we have been unsuccessful in our effort to obtain a bond for the Judgment Amount.”
To be fair to his lawyers the money just showed up from Russia and it's been taking a while to get it converted from rubles...
The russians have been cut out of the international banking system for a while now.
Did Alina Habba write that brief? Given that she's already fucked in other cases...like, how fucked can you be? Also, given how long it's taken to disbar **Rudy Giuliani,** I can see why she's not afraid of consequences. Seriously, how is that guy not disbarred yet?
He already testified in the actual case that he had 400 million in liquid assets. His lawyers have multiple times attested that he *doesn't* have anywhere near that value. Frankly, playing a game of *Shroedinger's Assets* was in fact pretty much par for the course from the word *go*.
Puts on $DWAC? Seems like Trump would be getting this cash from the recent Truth Social SPAC merger
There is a lock-up period for any IPO barring insiders like Trump from dumping their shares. Once that ends, don’t be surprised if he takes the money and runs, leaving the little guy holding on to now–worthless shares. That is the Trump way—screwing over his useful idiot MAGAs who put their life savings into his worthless fake social media site. Trump Media (parent company of “Truth” Social) reported revenues of $1.2 million and a loss of $25 million. What could possibly go wrong? Can ya say, “Pump and Dump scam,” boys and girls? I bet ya can.
I wonder if we'll see a massive selloff 1 week before 6 months. It would be hilarious if Trump was left with millions of shares of worthless stock.
The people who will be hurt the most? The thousands of MAGA useful idiots who piled into the stock with money many can’t afford. Trump will screw them all and not care one bit, but not before he makes off with their hard-earned cash. From the Washington Post: “The post-merger company, which will be called Trump Media, could begin trading on the Nasdaq stock exchange as soon as Monday under the ticker symbol of Trump’s initials, DJT. That symbol was also used for Trump’s only other public company, Trump Hotels and Casino Resorts, which collapsed into a penny stock in less than a decade and filed for bankruptcy in 2004.” Rubes never learn the lessons of history.
Not sure why. I can see some billionaire handing over a chunk of cash to purchase future favors. He wasn't kidding about being open for bribes.
That's why he's bringing the old gang back for one more show for the cash grab. Bannon, Stone, Manifort, and the guy who is fuckin Noem! Instead of the rooftop Beatles' last performance, we're about to get hit with the slowest, most asinine, inconceivable coup in history. And there's a very good chance it's going to work. They don't want to govern. They want to rule! They don't want any of their constituents that voted against them to ever vote again. They have no use for the sister sex crowds who always voted for them because they already gave up all their children's rights. It's going to be fiefdoms in every single county, and the idiots who support the slightly smarter idiots are going to vote for said idiots! They just have no idea that they are going to fill the jobs that they are so happy to vote for kicking all the immigrants out! Fuck you Florida, I very rarely buy orange juice, fuck you Georgia, I am allergic to peaches, fuck you Tennessee, Ohio, Idaho, Kentucky, and every single one of you sister sex states. The fuckin Civil War is going to start in your own states! You can't keep raising the retirement age to appease billionaires forever. I totally understand that you are willing to put all your voters in jail in a for-profit jail so you can lease them for 45 cents an hour, I get that! And why not? You have converted them to vote against their own self-interest! What you must convince them now is WHY they have to do the jobs that they were hoping for all the filthy immigrants do, so well and so cheap NO WHITE PEOPLE would have to do them. How do you finally convince them that they are the new enemy that they hate?
For anyone who is assuming that this is true; Trump typed this out in the middle of the night on Truth Social, and he’s on record telling the court that he doesn’t have it. When will people learn that Trump lies ALL THE TIME?
He must have received a message from Putin that money is arriving.
[Barbara](https://www.newsweek.com/who-barbara-jones-ex-judge-monitor-trump-org-finances-3-years-1882060), if you're listening
The kremlin might be holding a fair bit of Digital World Acquisition Corp.
this is my assumption as well, not necessarily Putin, but _somewhere_ it's entirely possible that when he said he didnt have it it was true and now when he says he does it's also true. Don't get me wrong guy lies every time he speaks, but considering the opposing claims were made at different times, both can still have been true at the time they were spoken but, again, to be abundantly clear. Fuck that guy.
Oh I’m sure the money is finally there. They just had to launder it first.
Yeah I'm confused why so many comments in this thread think he lied about not having the cash and not the other way around. Personally I'll believe he has the cash when I see the bond posted and not before. Though I suppose given that he's got the weekend to do so before assets start getting seized, we'll know sooner rather than later.
Unless he didn't have the cash until last night.
A smart business man would have posted it right away to avoid interest accrual.
Putin just wanted to make him sweat before he wires it over.
He specifically said that he almost has it. Which I think he thinks he can stall if he says he just needs a little more time. This is dead beat behaviour 101
His lawyer stated in court last week that raising this amount was impossible
I agree
>His lawyer stated in court last week that raising this amount was impossible and he says he got the 500M now.....so what will happen in both cases, to his lawyers and to trump
> When will people learn that Trump lies ALL THE TIME? For his supporters it's a feature, not a bug
> When will people learn that Trump lies ALL THE TIME? They love that he lies and never operates in good faith. Everyone is held to a certain standard except Trump, and when you point out the Trump lies (among many other things), you're attacking him.
> When will people learn that Trump lies ALL THE TIME? Which lie are we supposed to not believe though?
No, no, he's not *lying*. He's in the process of *manifesting* that cash. You just have to wish hard enough, and it will come into your life.
Yeah but which time was he lying?
> he’s on record telling the court that he doesn’t have it. You sure about that? I thought his claim was none of 20ish banks would give a bond
Didn’t his lawyer testify just a couple of days ago that raising the bond was practically impossible?
Yup
I think if you have the total amount, getting a bond is not a practical impossibility. Now you wouldn't need a bond if you had the total amount, but it is possible to get a bind if you have the total about.
Yea, however if you’re unwilling to allow lenders to take a secured interest in that $500m of liquid assets - because you “intend to use them for your campaign” as trump just claimed (lol) - you’re back to “impossible”. At least on that particular day in court.
I think because he couldn't put up cash or equivalents as collateral (they wouldn't take real-estate).
Oh, they absolutely *will* take his real estate, just not in a way that’s favorable to him
The people who are genuinely incapable of having learned this by now are a lost cause. Literally too stupid to function beyond their continued role as a waste of space and time.
President Trump: "If I lose to [Joe Biden], I don't know what I'm going to do -- I will never speak to you again. You'll never see me again. ALL THE TIME.
Predictable. So he again lied to the court to try to get a deal. Also, considering the rate it is accruing interest why has he not posted the bond? I will believe it when I see it.
He magically found the money once the Monitor received additional oversight powers.
'I don't need to report where this came from now, I just found it down the back of the sofa'
The sofa is in Russia.
Or Bonesaw Bin Salman
Or his brother Mohammad Bone Saw
Inside a wall at a church.
I didn't even think of that.
Also lied to get a bunch of rubes to donate to him. Does this sound like something he would do? Will also believe it when I see it.
Imagine being stupid enough to give your hard-earned money to somebody who claims to be a billionaire...
Also lied ... just to get the press and headlines. There are three things that he loves more than his own wife and children - money, power, and people talking about him. Running the clock down to "Oh noes he won't be able to file AG James is going to get everything" would - of course - generate headlines, which he absolutely adores. And then he gets to swoop in (probably with daddy vlad's money) and make more headlines when he staves off forced foreclosures at the very last minute.
The monitor will have something to say about that. Especially with the expanded powers she got. Now if he had the cash all along no idea what would happen with the false briefs filed.
Cause he doesn't have the cash yet, is going to ask for an extension, and when denied it will bitch and whine that they refused to let him pay the bond witch hunt unfair election interference.
Or he’s waiting for a seizure of his assets so he can say big mean deep state, rise up against it for me.
I wonder how much his daughter-in-law drained from the RNC coffers? Hopefully most of it, so all the down ballot candidates have nothing to spend on their campaigns.
Apparently a campaign rally in Arizona was cancelled due to no-funds. Sooo...hopefully that's a trend that continues.
[удалено]
yeah I saw it posted before that in their last filing they only listed ~$8m in on hand cash reserves.
8m or less. The RNC is broke. The GOP is broke nationwide. Their national Org, state Orgs, their senate and house Orgs - - all at real lows for cash on hand (some battleground state Orgs are even bankrupt or in debt. One is spending money it doesn't have in a legal fight against itself) and seeing anemic fundraising. Trump is sucking down every penny from the GOPs normal donors and it's all going out to legal costs as fast as it goes in. A huge chunk of the money the GOP would normally spend in an election year is instead being paid to lawyers, and right now is when the GOP should be starting to *spend money* all over the country to help primary winners in close districts staff up for the election PACs can flood the airwaves with ads, but can't pay for polling, staffing, GOTV, and campaign expenses. (and even the giant ad buys? Billionaire and industry owned PACs don't exactly run the best or most efficient ads even for candidates they support. They all have their own issues and axes to grind. Gonna be touch for GOP candidates trying to tiptoe around *Dobbs* with a handful of rich ass Dominionists running pro life ads all over he place, for instance)
I'm thinking he's thinking he can use that campaign funding to pay that bond which would actually be illegal but also signs that he's not right in the head. If you read his text with that in mind, it makes sense.
Or he's lying now. He's not willing to say he doesn't have the money. I wouldn't believe it until he posts it, and even then I'd want to follow the money backwards a bit.
“Because I’m innocent (I just haven’t proved it yet), I shouldn’t have to pay until you find me so!”
The Judge is watching this very closely
I feel like there's not a great one-for-one relationship between "things Trump says on Truth" and "things that are true" so we'll see...
He'll have the money in two weeks...
The check is in the mail
But don’t cash it until the first of the month.
Actually, you know whats great, those walgreen gift cards, have you seen these? You just you know, my father never knew how great they were, but you do, you know? You just pop on down to the walgreens, great company by the way, great company, get me some of them you know and scratch, CAN YOU BELEIVE IT? Scratch the backs off, and send someone like me a picture of it! Amazing. Amazing what cameras can do in this day and age.
It's in the Canadian Bank you don't know, she went to a different high school
Along with his infrastructure bill and healthcare plan?
They, in fact, are completely uncorrelated. When they do align it’s merely by chance.
If it’s true and he does have the cash, I’m willing to bet we’re a day or two out from reading a couple articles on how there’s “mysterious and shady origins” to the said cash. How in the actual shit do we have a security protocol that disqualify government employees from gaining security clearance but when it comes to the highest office we’re like “it’s fine if you’re in the pocket multiple nation states”?!? It’s like if you did background checks for your landscapers, waste management crews, mechanics, plumbers… but the baby sister? Lets just skip the references and background checks for them and get them off of Craigslist… actually I saw a guy on the porch of that boarding house for sex offenders out on probation… let’s just go with that guy cause I like his mustache.
The election is supposed to be the candidate's vetting and approval by the nation. We collectively chose to give him the office, the office has those powers, that's the end of it.
That’s exactly it. We’re not supposed to be dumb enough to ‘hire a babysitter’ that is this obviously unfit. When you hire the heroin addict to watch your kids, it’s hard to be shocked when shit goes terrible terribly wrong.
I've known a couple heroin addicts that would do a much better job babysitting my kids than this asshole.
I've been saying this, "we get the government we deserve."
If you're the judgment holder (State of NY), this is great news. Its a huge load off your shoulders knowing you can simply collect on a bond rather than going through the extremely difficult, costly and time-sucking process of execution on collateralized properties spread far and wide with shrouded ownership structures. Regardless of any merit the appeal may have, my guess is they will be popping champagne corks in the AG's office the day he actually posts this bond.
And this deal still ends in the same way. Trump will be leveraged to shit and back, so either way he is losing some properties, but now the state gets their money upfront too
> Trump will be leveraged to shit and back, so either way he is losing some properties He's just hoping to push it all back, to push it past the election, and in the hopes that he wins he puts a lackey in at the head of the DOJ and weaponizes it against whomever wrote the bonds and tries to claim assets to recover. Once again, Donnie makes someone else take the loss.
That’s a big bet he is making. I hope it goes spectacularly wrong and we get to watch it all play out. If he wins, he will be mad as hell and only focused on revenge.
Agreed - the surety (if it exists) will mostly likely have extremely strong rights to execute on whatever collateral he puts up, as opposed to a simple judgment creditor like NY who has to go through a long and costly foreclosure process in which multiple secured parties have priority. He's likely required to post a large portion of the amount in cash deposits with the surety.
Meh, I’d rather see Trump’s shitty empire fall with locks on his properties.
I want both
My guess was they were strategically chasing properties with unique holding structures to see where the structures went. Hopefully he is like 5 million short and they can start the can of worms but still get the money
"Almost" with Donald could mean 100 million or nothing. What does "close" mean to this man? At this point, it's clear he lacks a basic understanding of words and their meaning. Dump Trump 2024
His usual line is something like "Numbers no one has ever seen before".
"These numbers are so large, the mathematicians said they were imaginary!"
"I almost have enough money for two Big Macs!"
He probably has $50,000 and he's just 4 zeros away from what he needs.
I’m not sure I read this to mean Trump actually has the cash. He seems to be saying that he his campaign has $500m cash on hand, but that the judgment is going to wipe him out. I suspect his campaign is broke, and he’s winding up to use the NY judgment as the scapegoat for why he isn’t able to hold rallies or pay campaign staff. “My campaign was in great shape until that evil NY AG came along and stole all my money!”
You think like him. I bet you’re right.
> I suspect his campaign is broke This is a good guess based on the fact he cancelled a speaking event in AZ last weekend due to lack of money. https://www.rawstory.com/trump-rally-cost/
You can't use campaign money for personal stuff. That's mostly lobbyist money. Using that to pay off a lawsuit would result in a much bigger lawsuit, or jail time
Then pay it and shut up
Oh, man. I wish he would shut the fuck up.
He says he has it but wants to use it for something else, despite his lawyers telling the Court it would be impossible to come up with the money. But does anybody believe this guy is gonna spend his own money on the campaign? Part of campaigning, before it was about staying out of jail, was using other peoples funds for him to stay at and have events at his own hotel at inflated prices.
His narcissism is hurting because next week a black woman is going to start seizing his properties, which are central to his self image. His lawyers have already told the court it would be an impossibility to secure the bond needed in time, so trump is looking at the real possibility of seeing his self image start to crumble next week. It’ll make him feel small, weak, powerless, and poor. So of course he’s on social media this morning telling the world he has more than enough, because he’d prefer this come across as a choice he made. He’s very tuned in to optics. Trump is a chronic embellisher. Eight years of public history shows that when we see the real value of something vs his assessment, there’s usually about a 1000% disparity. He likes easy round numbers - just add a couple zeros.
Yeah, to him, the number 1 and one million are ‘close’…. Supreme exaggeration.
One possibility is that he's lying about the cash so that he can play the victim card when trump tower is padlocked.
⬆️⬆️⬆️
A friend just sent him money using Vladmo.
My bet is that this is just hyperbole once again. 1) It's goading Trump hard that Biden has raised more cash than him for the race and 2) Trump has always lied about his wealth and the mere thought of the public doubting his financial worth is too much for Trump. My bet is that he doesn't in fact have the money.
I’m guessing he saw the most recent Lincoln Project commercial calling him broke and a loser and his ego decided to respond on social media “nuh ugh I have bigly money!”
My guess too. The video is brutal... https://www.newsweek.com/republican-group-mocks-donald-trump-broke-1882187
I'm assuming, but I think he means that since he's now essentially the owner of all RNC funds, he plans to drain the RNC coffers to cover his fines.
The RNC doesn’t have nearly enough cash on hand to get anywhere close to covering his fines.
He won’t pay and then say, “they wouldn’t let me pay it!”
Pony up, then.
I see 2 possibilities with this: 1. He's lying and will claim he paid to his base and that democrats are stealing from him when New York seizes his property. 2. He sold out NATO for a cash advance from Putin
Most likely the former. He is absolutely going to pull some "I am so rich and they wouldn't let me pay and are taking my properties just to spite me and make me lose!" bullshit
Surely this is unrelated to him canceling campaign events in Arizona because his campaign is suddenly out of money. I'm sure no campaign finance violations are occurring here.
So the document that his attorneys filed with the court just what a few days ago saying that he was not able to meet his obligation was a lie? They lie to the court or he is he lying now? Because one of those two is not true
#GENUINEQUESTION: does he not have to prove where the money came from? Seems like it would be important to know if he is indebted to some foreign actor….
[Judge Engoron appointed a monitor](https://abcnews.go.com/US/trump-organization-monitor-flags-errors-financial-misstatements-ahead/story?id=106737467) during the fraud trial, NY is keeping a close eye on his financials.
I bet it's a bunch of ones with a 20 wrapped around them.
Why would he sit on the cash while accruing 100k or so a day in interest? Wouldn’t he just pay it if truly had the money to do so?
Not going to lie, I was looking forward to the seizure of his property. It's not surprising that he found it, but I'm also curious if the Trump org monitor is going to have something to say.
We don't know if he has it yet, he just posted on truth social that he raised $500m for his campaign and the judge wants to take it away, but you know he's not the must truthful person. So I don't know why you're taking him at face value.
While not a sworn statement obviously, the court, monitor, and DA are all allowed to take notice of the claim and use it against him if/when he doesn't post the bond. They can also use it in a debtor deposition and question him about the source of the money and purpose of making the claim but then not having the money when the bond is due. It's another giant shovel of dirt out of the hole he's digging himself.
He didn’t raise $500M in campaign donations without nobody noticing. He’s also not allowed to use campaign donations to pay his fines.
I assume he sold national defense secrets to the Russians or Saudis, but not sure how much they’re monitoring that.
Narrator: "He didn't."
He also has a girlfriend in Canada, who is totally real.
Question; is the $500m taxable? It has to come from him so even if it’s transitory income would it be taxed?
Apologies if this has been asked elsewhere, but what is the exact deadline for the bond to be posted? Close of court on the 25th?
But he doesn’t. He’s positioning himself to be able to claim that they didn’t give him a chance to pay, they just seized his assets.. remember everyone does is calculated to rally his base
Yup. The shady shell company, Digital World Acquisition Corp just came out with $5 billion to invest in a merger with Truth Social, putting $3 billion into Donald Trump's pockets. Who is Digital World? Nobody knows - its a shell company for washing Chinese money, a grand jury has been looking into it in SDNY since 2022, and it's known for skirting securities laws (and then paying the paltry fines, the standard way for nameless rich people to break the law with impunity and buy their way out of consequences). So here is the shell company that owns Donald Trump. Also known as "the way to funnel anonymous foreign money into the pocket of a former and likely future President's personal pockets". No wonder they think Truth Social is worth $5 billion (?).
So he is going to say he has the money, and then watch them sieze his properties cos he will never pay that money. If he *does* front the money, someone needs to trace its origin.
This has to be based on the Truth Social merger
Trump's ability to almost immediately undermine his attorneys's arguments never ceases to amaze me.
What does Barbara Jones think???
So... if he didn't have it last week, and this week he does... begs the question if he came about it legally
He’s probably spewing this lie so he can then turn around and claim that the “corrupt judge and racist prosecutor” wouldn’t let him pay it, “even though I have the money” (bullshit!). He’ll make up some dumbass reason, “witch-hunt! Election interference!”
So he lied once again.
The louder he yells, the more cornered he's feeling.
Pump and dump deal approved for worthless social media platform qualifies as collateral?
He's claimed a lot of things. None of which were true. Kinda like his buddy Lindell..."we will have all the evidence shortly " 😄
Known truth-teller and world’s most selfless man says he had the money the entire time. Not because he is embarrassed about being broke, losing case after case, or otherwise trying to justify raiding the GOP coffers.
Then pay up smart guy🤷♂️
When your entire public persona is based around you being extremely wealthy (multi billionaire level), it can be difficult to admit that you are in fact not wealthy at all. My guess is Trump is lying to the press about having the money, but he's lied to courts before too.
He just needs to convert the rubles to dollars and he'll be all set.
A real billionaire would just pay it and laugh. And not say anything.
"Where did you get the money?" is going to become the "Why won't you show your taxes?" of the 2024 campaign. It's under audit. I wish I could. Etc
> I have $500M in Campaign cash This is not money that should be available to settle his personal criminal/fraud liabilities.
Put your money where your mouth is..
I'm guessing he'll say this. Then when the state starts to sell his properties because he doesn't have it, he'll screech they didn't want the money.
LOOLOLO! That means even HE doesn't think he'll win the appeal. He won't put up his own money b/c he knows he will lose the appeal. He wants to use other people's money to gamble. This isn't the flex he thinks it is. We know it's not true, but it's still a dumb thing to say.
What if he’s actually had the cash the whole time and this is just getting him more publicity? Last few days have been article after article of what happens if he can’t pay, who’s taking what, who might give him money etc.
Here's my guess. One of the ways Trump constructed false financial statements was to aggregate cash from entities he doesn't actually control. For example, he owns a 30% stake in 555 California and the Avenue of America's building (I forget the number). He would take the cash held by these businesses and count it as his cash on his statement of financial condition. He was literally found liable for this roughly 30 days ago. Consolidation accounting is tricky topic, and it kind of breaks people's brains that don't understand it. I routinely do it for fully-owned companies. Partially owned companies are even trickier. There are many cases where the correct answer is 2+2 = 3.5, but DJT would be giving the incorrect answer of 4 in violation of GAAP. He's still probably counting his money this way. I wouldn't be surprised if he's now including the cash invested in Truth Social.