Internet weighs in as Donald Trump’s biographer claims ex-prez has ‘no financial clothing’, will ‘get exposed’ by $454M fine

WASHINGTON, DC: The former president Donald Trump's $454 million fine to the State of New York, according to his biographer Tim O'Brien, will soon cause his finances to be revealed as a sham, according to Daily Mail.

O'Brien informed MSNBC, "Now, here we are in 2024, and he is about to get exposed. It is going to be a slow grind. I don't think there's going to be a lot of drama on Monday."

 

Donald Trump's biographer believes ex-president's truth will be revealed

O,Brien added, "But the process of opening the kimono and discovering indeed Donald Trump has no financial clothing, at least not the kind of financial clothing he claims he's had, begins."

Notably, O'Brien has said that Trump, whose estimated net worth is $2.6 billion, has much less access to liquid assets than he claims. Letitia James, the attorney general of New York, reportedly has her sights set on taking possession of the former president's country residence and golf clubs as collateral.

For misrepresenting the worth of his assets to obtain better loan terms, Trump was fined $464 million. He is appealing that decision, but he needs to pay the $557 million bail by Monday, March 25, or else his assets may be seized.

Notably, Judge Arthur Engoron of New York concluded that Trump and a few of his business colleagues had falsely exaggerated the worth of their assets to secure better terms from lenders and insurers, as the bitter court struggle concluded in February 2024.

Judge Engoron, who had already placed Trump under a gag order for making a disparaging social media remark about the judge's law clerk, has now sentenced the former president to pay around $355 million in penalties for fraud, plus interest.

Trump has until March 25 to deposit his staggering nine-figure bond—a number he has struggled to come up with. The insurance provider Chubb informed the Republican front-runner's legal team that they were not a viable alternative, having underwritten Trump's $91.6 million bond in the E Jean Carroll case.

Notably, Attorney General of New York Letitia James may begin taking property from Trump on Monday if he does not obtain bail or complete his whole payment by then.

Internet reacts as Tim O'Brien says Trump is about to be 'exposed'

Several social media users had mixed reactions as Tim O'Brien said Trump's $454 million fine to the State of New York will soon cause his finances to be revealed as a sham.

A user posted on X, "Blah, Blah, Blah" while one added, "Not many billionaires have access to $454m in cash. His assets are worth over that but he would have to sell them to make up the money. I don’t think that makes him look bad at all."

A person also wrote, "I hope they realize that people don't vote for him because his has money. Because that would be a very naive assumption."

Another mentioned, "I did not want to think about Donald Trump being exposed wearing a kimono."

A person also said, "The irony is if he had just invested what his father gave him in SPX he would have a ton more money."

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