The Trump family is facing a financial dilemma as the deadline nears for them to come up with the $454 million judgment against Donald Trump in fraudulent property valuations. Eric Trump has spoken out against the judgment, claiming that bonds of that size simply do not exist in the country. He revealed that bond issuers laughed at the idea of a bond that large.
While Donald Trump previously claimed to have nearly $500 million in cash to cover the judgment, his lawyers have now stated that it is impossible to obtain. With the deadline approaching, the New York attorney general could begin seizing Trump’s assets as early as Tuesday, including bank accounts and property.
Eric Trump believes that the court’s fine is an attempt to put his father out of business and prevent him from running for president again. Business executives, including Kevin O’Leary, have questioned the massive judgment along with the short 30-day deadline to meet it.
Progressive Democrat Alexandria Ocasio-Cortez has expressed concern about not seizing Trump’s assets and the potential risk of political corruption. This comes as Donald Trump is already facing over 80 pending criminal charges related to various allegations such as attempting to overturn the 2020 election, retaining classified materials, hush-money payments, and a lawsuit regarding rape allegations.
As the Trump family scrambles to come up with the funds needed to satisfy the judgment, the situation remains tense and uncertain. Stay tuned for further updates on this developing story.
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