Ted Lieu slammed for accusing Trump of lying about not being able to pay $464M in civil fraud judgment

WASHINTON, DC: Billionaire businessman Mark Cuban criticized California Representative Ted Lieu for his remarks that former president Donald Trump had lied about his wealth and his inability to obtain a $464 million appeal release on bond, FOX News reported.

Due to a civil fraud judgment in New York, Trump has not been able to acquire the $464 million appeal bond he needs. His attorney said that obtaining one is a "practical impossibility under the circumstances presented" in a court filing on Monday, March 18.

Ted Lieu accuses Donald Trump of lying about not being able to pay $464M

On Tuesday, March 19, Lieu shared a post on the topic on X (formerly Twitter) in which he wrote, "Trump claims he is a billionaire. But he can’t pay a $464 million judgment. That means he is lying. How do I know? Math."

He said that bond providers would have given the bond if they had believed the former president had sufficient assets. Lieu received criticism for his reasoning from several people, including Mark Cuban, who told him he was incorrect.

Cuban tweeted, "How anyone can vote for someone who has so many of his executive employees turn on him, and say he is incompetent is beyond me. But you are wrong on this topic Ted."

He informed Lieu that net worth was entirely distinct from bank currency and that the nation had long since been in an interest-rate-free environment.

Cuban wrote, "So, keeping cash in the bank or even money markets was dumb. In fact, searching for yield is what killed small banks last year. Also dumb was keeping interest rates that low for that long. Something Trump demanded more of."

According to Cuban, who continued to talk on a broader global scale, few people keep more than 45% of their assets in liquid assets, even though rates have been on a long-term trend line for the previous ten years.

He added, "And as far as the bond companies, Trump’s assets are mostly interests in commercial real estate and foreign assets. No bond company is loaning against them in this commercial real estate market, if ever."

Internet slams Ted Lieu for accusing Donald Trump of lying

Several internet users slammed Ted Lieu after he claimed that Donald Trump had lied about his wealth and his inability to obtain a $464 million appeal release on bond.

A social media user asked X, "Who is Ted Lieu?? Irrelevant," while another user added, "He almost always is wrong.. So there is that ..." One person also added, "Mr Lieu is blind."

One individual also tweeted, "We all know Ted’s a liar," while one added, "You think Ted Lieu is tiresome, go out and speak to the ones who voted him into office. They're even worse."

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.