Fox News hostĀ Mark LevinĀ has called out billionaires for not payingĀ Donald Trumpā€™s legal bills after the former presidentā€™s legal team said paying his $400 millionĀ New York civil fraud penaltyĀ would be ā€œa practical impossibility.ā€

Trump is seeking a bond of $464 million to cover his fines and a stay in the execution of the monetary portion of the civil trial ruling after JudgeĀ Arthur EngoronĀ ruled in February that Trump must pay $355 million for committing fraud. The New York court held that Trump and top executives at The Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers. With interest, the full payment will be roughly $454 million. Trumpā€™s lawyers are appealing the verdict.

On Monday, theĀ RepublicanĀ suffered a setback after Trumpā€™s legal team admitted in a court filing that it is aĀ ā€œpractical impossibilityā€Ā for him to make the $464 million payment and requested a stay pending the outcome of an appeal process. His team had contactedĀ 33 companies to try to secure funding.

  • Bridger@sh.itjust.works
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    3 months ago

    But the equity in real estate is liquid in the form of security for a bond. What this tells us is that he doesnā€™t have enough equity to cover the bond- in other words heā€™s been lying all along about his wealth. Surprised?