{"id":2201875,"date":"2024-03-19T13:24:02","date_gmt":"2024-03-19T17:24:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-rages-against-ny-civil-fraud-judgment-i-would-be-forced-to-mortgage-or-sell-great-assets\/"},"modified":"2024-03-19T13:29:22","modified_gmt":"2024-03-19T17:29:22","slug":"trump-rages-against-ny-civil-fraud-judgment-i-would-be-forced-to-mortgage-or-sell-great-assets","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-rages-against-ny-civil-fraud-judgment-i-would-be-forced-to-mortgage-or-sell-great-assets\/","title":{"rendered":"Trump Fumes Over NY Civil Fraud Decision: Warns He Might Have to Mortgage or Liquidate Valuable Assets"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-rages-against-ny-civil-fraud-judgment-i-would-be-forced-to-mortgage-or-sell-great-assets%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2201875&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Trump Battles with Dire Financial \u200dStakes in NY\u2062 Fraud Case<\/h2>\n<p>In a tension-fraught announcement, <strong>former President Donald Trump signaled a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/in-depth-president-has-legal-grounds-to-ignore-debt-ceiling-some-experts-say\/\" title=\"Experts say President can legally ignore debt ceiling.\">potential financial crisis<\/a><\/strong>, divulging that he might be cornered into selling off prestigious properties to meet the colossal $464 million bond mandated for the civil business \u200bfraud ruling leveled at him and his enterprise.<\/p>\n<p>The Trump saga took to social media, where in his \u2063virtual den on Truth Social, he unleashed \u200ba tirade on New York Supreme Court Judge Arthur Engoron. Trump critiqued the towering $464 million judgment as an act of political warfare and <strong>&#8220;election interference&#8221;<\/strong>.<\/p>\n<blockquote>\n<p>    &#8220;Judge Engoron actually wants me to put up Hundreds of Millions \u200bof Dollars for the Right to Appeal \u2062his ridiculous \u200cdecision. In other words, he is trying to take my Appellate Rights away from me &#8230; I would be forced\u2062 to mortgage or sell\u2062 Great Assets &#8230; WITCH HUNT. ELECTION INTERFERENCE!&#8221; Trump <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/112122244109975568\" target=\"_blank\" rel=\"noopener\">lamented<\/a>.\n<\/p><\/blockquote>\n<p>The tumult follows Judge Engoron&#8217;s accord with New York Attorney General Letitia James on disallowing Trump and \u2063his sons from directing their New York businesses for two to three years, alongside a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-justice-dept-asks-supreme-court-to-save-obamacare\/\" title=\"Biden Justice Dept. Asks Supreme Court to Save Obamacare\">financial penalty<\/a> which swelled to over $454\u200c million with interest.<\/p>\n<p>Persistently, Trump has claimed\u200b a politically-charged motive behind the allegations, arguing a gross \u2062undervaluation of his assets. Conversely, AG James maintains that\u200b Trump grossly exaggerated his wealth.<\/p>\n<p>Taking the stance of \u2064a beleaguered contender in the 2024 presidential race, Trump confided \u2062in further posts about \u200dthe <strong>&#8220;massive amounts of money&#8221;<\/strong> he\u2019s being compelled to deposit prematurely for the privilege to appeal what he deems an unprecedented and outrageous decision.<\/p>\n<h3>The Legal and\u2062 Financial Quagmire<\/h3>\n<p>Trump&#8217;s fiery rebukes reflect more than personal outrage; they echo a deeper legal \u200dand financial predicament. A stay\u200c for his appeal, contingent\u2062 on paying the full bond sum &#8211; a whopping 120% of the judgment\u2064 or approximately $557 million &#8211; was reported by the Associated Press.<\/p>\n<p>His legal team, vocal about the improbability \u2062of sourcing such \u2063a bond, underscored in their <a href=\"https:\/\/s.wsj.net\/public\/resources\/documents\/Trump-New-York-appeals-court.pdf\" target=\"_blank\" rel=\"noopener\">filing<\/a>:<\/p>\n<blockquote>\n<p>    \u2062  &#8220;Despite Defendants\u2019 ongoing diligent efforts &#8230; a bond in the\u2064 judgment&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-biden-democrats-to-further-limit-who-gets-1400-stimulus-checks-under-new-deal-report-says\/\" title=\"BREAKING: Biden, Democrats To Further Limit Who Gets ,400 Stimulus Checks Under New Deal, Report Says\">full amount<\/a> is\u2062 \u2018a practical impossibility.\u2019&#8221;\n<\/p><\/blockquote>\n<p>Through the pursuit of \u2063nearly 30 surety companies and a battalion of brokers, Trump\u2019s attorneys outlined the staggering challenge of summoning near-billion dollar \u200bcash reserves, a predicament they deem <strong>unprecedented<\/strong> for a privately-held company.<\/p>\n<p>In the grand scheme of legal showdowns, Trump\u2019s confrontation with the New\u2064 York courts presents a curious study in the dynamics\u2063 of power, money, and justice. As the legal \u2063gears \u200bchurn, the former <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/analysis-bill-clinton-escaped-metoo\/\" title=\"ANALYSIS: Bill Clinton Escaped #MeToo\">president stands<\/a> at a perilous juncture that could irrevocably \u200balter his empire&#8217;s landscape.<\/p>\n<p><strong>RELATED: <a href=\"https:\/\/www.dailywire.com\/news\/trumps-lawyers-say-securing-bond-for-massive-ny-civil-business-fraud-judgment-is-a-practical-impossibility\">Trump&#8217;s Lawyers Declare Bond for Mammoth NY Civil Business Fraud Judgment &#8216;A Practical Impossibility&#8217;<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump Laments Potential Property Sales for $464M Fraud Bond, Blasts NY Judge on Truth Social<\/p>\n","protected":false},"author":324,"featured_media":2201876,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/03\/GettyImages-2071964947-scaled-e1710865322853.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2201875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/03\/GettyImages-2071964947-scaled-e1710865322853.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2201875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/324"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2201875"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2201875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2201876"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2201875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2201875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2201875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}