Trump trolled for trying to salvage his buildings as lawyers warn they'll have to be sold to cover fine

PALM BEACH, FLORIDA: Former President Donald Trump expressed his anger and frustration Wednesday night on his beleaguered social networking platform, Truth Social, as a New York judge rejected his request to post a $100 million bond in the civil fraud case.

Trump defended his real estate company, which he claims to have the 'greatest properties in the world', and attributed the attack on the company to his political success as a Republican POTUS.

A New York appeals court denied his bid to pay a bond of only $100 million after his lawyers cautioned that he may have to sell his assets to finance the entire sum.

Additionally, the court has made it clear to him that he may have to sell his assets to cover the full amount if he fails to pay the fine within 17 days, according to DailyMail.

The 77-year-old holds the keys to his financial salvation in the form of a merger between his Truth Social network and Digital World Acquisition Corporation, but it remains to be seen if the merger will go through later this month.

What did Donald Trump say on Truth Social regarding NY court decision?

Trump posted on Truth Social, “I did nothing wrong, except build a successful and very liquid company, owning some of the Greatest Properties in the World, and defeat Hillary Rodham Clinton and the Democrats in the 2016 Presidential Election, an Election which a Republican was not expected to win.”

On February 16, the civil fraud trial ruling was rendered requiring the 2024 GOP frontrunner to pay the significant sum of money within 30 days, failing which a bond must be posted.

Trump's legal team announced Thursday, February 29, that the former President will post a $100 million bond, claiming that the Trump Organization couldn’t secure the full sum to pay the “exorbitant and punitive amount” set by the judge.

New York Attorney General Letitia James has continued to make taunting posts on social media regarding the rising fee, which increases by $111,984 every day in interest.

James has also threatened to seize some of Trump's buildings in New York City to cover the fine.

She explained to ABC News last week, “If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets.”

Trump is exploring various options to tackle his financial troubles, one of which is the merger between his Truth Social network and the Digital World Acquisition Corporation.

If the deal goes through, it could be worth as much as $4 billion, and the company is expected to cast its vote on the proposed merger with Trump Media on March 22, this year.

The former president claimed he was being targeted due to his political success, highlighting poll results that showed him ”dominating” his Democratic opponent Joe Biden.

"This is a Weaponized Attack on Joe Biden’s Political Opponent, unlike anything that has happened in the History of the United States," he stated, emphasizing that the entire case was a “Political Witch Hunt.”

He issued a warning, saying that the unfair decision would only spur more businesses to relocate out of New York, resulting in the state's "destruction" as a result of the "thousands" of enterprises leaving.

“We will continue to appeal until Justice prevails!” the MAGA strongman concluded.

Internet mocks Donald Trump for running out of options to settle his legal fines

People on X trolled the former President as the possibility of him losing some of his real estate assets in order to pay off the hefty $364M fine seems to be on the horizon with each passing day.

One X user asked: "Which buildings will you sell first???"

Another user said: "I think we are about to find out that Trump is broke."

Another user wrote: "You can’t appeal without paying the judgement. And you don’t have the money. Tic toc tic toc"

One user quipped: "Thank you for running for president It was the only way everyone could see you for the crook you are"

Another X user remarked: "If you had a "successful, very liquid company" you wouldn't have been begging a judge to reduce your appeal bond by 80% yesterday. You still haven't paid your appeal bond for the $83.5 million either. But you're "very liquid"."

Finally, this user tweeted: "You know you are guilty when you immediately start a sentence with “I did nothing wrong.”"

 

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.