Successful Stable Genius Billionaire Unable to Secure $454 Million Court Bond
It feels like a schadenfreude moment. But maybe not.
Lawyers for former President Donald Trump say he hasn’t the moneyto post bond on roughly half a billion dollars he now owes under his New York fraud judgment.
By Monday, Trump must arrange a $454 million bond to comply with a court ruling. But his attorneys called that a “practical impossibility” filled with “insurmountable difficulties.” They have approached 30 companies through four brokers and none would accept his real estate holdings as a guarantee on a bond for that amount. So the attorneys have filed an appeal to stay the judgment.
Trump could pay the money (if he had it), but he doesn’t have to. He just has to find a company (or someone) willing to guarantee it will pay the money if Trump loses his appeal.
So this is where we are: A self-proclaimed billionaire says he hasn’t the money to pay a court-ordered bond.
I know; you’re shocked.
How many times has this guy braggedthat he’s really rich?
Meanwhile, Trump will continue to accrue interest on the fine unless he deposits the full amount into an escrow account. That’s already a hefty sum.
A real billionaire wouldn’t have “insurmountable difficulties” in raising $454 million. Someone like Jeff Bezos would just cut a check. But Trump is a BINO, a Billionaire In Name Only, whose shell game is finally catching up with him. Trump has never been what he’s long claimed to be and, as many social media posts have gleefully declared, the chickens have come home to roost.
Imagine being the poor schlub stuck with the job of calling up surety companies to ask for a $454 million loan to a known con man so that he can put up an appeal bond after being convicted of financial fraud. You can’t make this up.
And it is