This week, President Trump expressed strong disapproval regarding the significant multi-million-dollar judgment against him, following New York Judge Arthur Engoron's surprising decision in February. With the Monday deadline to post bond fast approaching, Trump criticized New York State Attorney General Letitia James for initiating and advancing the lawsuit.
On Truth Social, he stated, “THE NEW YORK A.G. USED A STATUTE TO GO AFTER ME THAT HAS NEVER BEEN USED BEFORE, NOT ONCE, FOR SUCH A PURPOSE. IT, IN AND OF ITSELF, IS SOOO UNCONSTITUTIONAL AND UNFAIR.”
In a subsequent Truth Social post, President Trump claimed he possessed “ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH,” funds he planned to allocate for his presidential campaign.
To date, Trump has not managed to obtain the necessary bond to prevent the state attorney general from confiscating his assets, as previously reported by RSBN. The cutoff date for this is Monday, March 25, and AG James has initiated actions to take control of property in Westchester County owned by the president.
Trump files scathing Eighth Amendment-based argument against AG James' impossible bond conditionhttps://t.co/uWz4WYVcmA
— RSBN 🇺🇸 (@RSBNetwork) March 21, 2024
Fox News reported that Trump's attorneys have claimed it would be unfeasible to pay the full amount of the bond as dictated by the judgment.
Trump asserted, “I DID NOTHING WRONG! THIS IS MERELY A ‘TAKING,’ SIMILAR TO ACTIONS IN COMMUNIST COUNTRIES, AND WILL FOREVER TARNISH NEW YORK STATE AND ITS LEGAL SYSTEM. IT IS COMPLETELY UNCONSTITUTIONAL, INCLUDING THE SEVERE GAG ORDER ENFORCED. THE STATUTE OF LIMITATIONS WAS ALREADY DECIDED UPON, IN MY FAVOR!”
Amidst the adverse developments in Trump’s New York civil case, it was revealed on Friday that Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group (TMTG) completed their merger following a shareholder vote, according to the Associated Press. Trump, holding millions of shares in the merged entity, is anticipated to gain over $3 billion from the deal based on current DWAC stock values.
This financial gain could suffice to meet the bond requirement, but he cannot access these funds before the appeal deadline on Monday. According to the AP, Trump must wait six months before he can liquidate his shares.