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Trump’s Net Worth Parody
Donald can’t get a bond? Doesn’t have enough money for what he’s doing?
Donald Trump faces increased scrutiny due to his past comments on wealth after his lawyers revealed he cannot afford to pay fines from a recent civil ruling.
Last fall, New York Judge Arthur Engoron found Trump liable for fraud, ordering him to pay a penalty of $355 million, increased to $454 million with interest. This was part of a civil fraud lawsuit filed by New York Attorney General Letitia James against Trump, his adult sons, and members of the Trump Organization.
The lawsuit accused them of inflating Trump’s net worth and asset values to obtain more favorable business loans over several years. Trump’s legal team requested a stay in the monetary portion of the ruling, pending an appeal. They described the penalty as excessive and argued that enforcing a bond requirement for appeal would cause irreparable injury to the defendants.
Trump’s attempt to post a bond of $464 million for himself and his sons Eric and Donald Jr., who were co-defendants, was termed a “practical impossibility.” Efforts to secure such a bond through about 30 surety companies proved unsuccessful, according to court filings.
This situation has led to widespread commentary on Trump’s actual financial status, given his history of claiming significant…
