February 29, 2024
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6:04Now PlayingDonald Trump's lawyer Alina Habba gets busted for making false claims over Trump's financial status and ability to pay bond in his civil fraud case, as the Trump legal team now claims is a massive struggle. John Iadarola breaks it down on The Damage Report.
Read more here:
Trump said he had $400M in cash. Now his lawyers say bond is a struggle.
"Two weeks ago, a New York judge ordered Donald Trump to pay a huge penalty of $355 million plus interest — a grand total of more than $450 million — after finding him liable for fraudulently inflating his wealth.
But now that it’s time to produce such an amount, Trump’s legal team is undercutting both his and their own claims about his ability to do so.
In a filing Wednesday, Trump’s lawyers asked for a delay and offered to post a bond of just $100 million rather than the full amount. They called the full amount a “facially absurd” judgment and added that its terms preventing him from obtaining loans “make it impossible to secure and post a complete bond.”"
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240229__DR03CivilFraudFine
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