"Trump's $500M Cash Claim and the Battle Over Seizing His Assets"

1 min read
Source: The Washington Post
"Trump's $500M Cash Claim and the Battle Over Seizing His Assets"
Photo: The Washington Post
TL;DR Summary

Former President Donald Trump claims to have nearly $500 million in cash, contradicting his lawyers' previous statements about his ability to pay a bond exceeding $450 million in his New York civil fraud case. The case, brought by New York Attorney General Letitia James, involves a judgment of over $464 million against Trump and his company for using false financial statements. Trump's claim comes amid a cash disadvantage in his presidential campaign compared to President Biden, but a potential cash windfall could come from his media company going public. Trump continues to criticize James and portray himself as a victim of a weaponized legal system.

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