New York Attorney General Letitia James has given former President Donald Trump until Monday, March 25 to pay the $454 million he owes — which the MAGA hopeful's lawyers say Trump does not have — as a result of the judgment in his civil fraud trial.
In fact, the Trump attorneys said in a Monday filing "that it has been a 'practical impossibility'" for the ex-president to secure a bond. If Trump fails to pay up in time, James will proceed to seize the former president's properties.
However, Bloomberg reports she's already begun the process, noting, "New York state’s $454 million judgment against Donald Trump in a civil fraud lawsuit was formally registered in Westchester County just outside Manhattan, a sign that his properties in the area may be at risk of being seized if the former president fails to post an appeal bond."
READ MORE: Letitia James legally compelled to target Trump’s assets: Fox News report
CNN's Amara Walker spoke with former Manhattan prosecutor Jeremy Saland Sunday morning about what Trump has been saying regarding the Monday deadline and the possible implications of those comments.
Referring to the former president and his lawyers, Walker said to Saland, "Of course they're trying to get out of this, but if you look at this Truth Social post — in all caps by the way — Trump is saying that he currently has almost $500 million in cash."
The MAGA hopeful wrote via Truth Social on Friday, "THROUGH HARD WORK, TALENT, AND LUCK, I CURRENTLY HAVE ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH, A SUBSTANTIAL AMOUNT OF WHICH I INTENDED TO USE IN MY CAMPAIGN FOR PRESIDENT."
Walker continued, "Trump loves to brag about being rich, but he's trying to get out of securing this bond. So how does this undermine his credibility?"
Saland replied, "If I was his counselor, I would be proverbially wringing his neck because you can't argue with good faith that you do not have the means to do so — pay that bond, pay that money all off in fall to stop the clock ticking, to stop your assets being ceased. And by [saying] the clock is ticking, I mean he can always appeal — he has that right — in terms of interest to keep on moving forward.
READ MORE: 'Next up — property seizures': Experts analyze 'unbankable' Trump’s $464 million bond crisis
The former prosecutor emphasized, "It doesn't help him. It never helps him when he speaks — rarely — maybe politically, but not within that courtroom, not with in terms of his credibility in the veracity of what he's saying. So it's really bad. Looks poor at best."
Watch the video below or at this link.
'Proverbially wringing his neck': Lawyer explains why Trump’s claim he has $500M cash 'doesn’t help' www.youtube.com
