Donald Trump states he won't dip into Truth Social merger money to post bond in civil fraud case

MANHATTAN, NEW YORK: Former US President Donald Trump has indicated that he will not utilize potential dividends derived from the merger involving Truth Social to post a substantial bond in the New York civil fraud judgment ahead of next Monday's deadline.

On Friday, March 22, shareholders of Digital World Acquisition Corp. (DWAC) authorized a merger with Truth Social, a social networking startup owned by Donald Trump, paving the way for its stock market debut and a potential $3.5 billion fortune for the 77-year-old MAGA strongman.

However, in an interview with Fox News Digital, Trump stated that he would not necessarily employ the cash infusion to cover his bond owed in the New York civil fraud trial.

What did Donald Trump say about the merger on Fox News?

Trump invoked Judge Arthur Engoron and New York Attorney General Letitia James while discussing the Truth Social merger with the outlet, saying, “That doesn’t mean I’m going to give money to a rogue and incompetent judge — the puppet of a corrupt attorney general who’s failing with violent crime and migrant crime and whose only purpose in life is attempting to get Trump.”

Trump pledged to fight the lawsuit "all the way up to the US Supreme Court if necessary."

“They can’t take away your property before you’ve had a chance to appeal the decision of a Trump-hating, incompetent judge who has been overturned more than any judge in the state,” the presumptive GOP nominee remarked.

Per The Hill, Donald Trump has been given until March 25 to secure a bond of approximately half a billion, as failure to do so may lead to the seizure of his real estate holdings.

This follows his challenge of a trial court's finding that he had conspired to manipulate his net worth for tax and insurance benefits.

Justice Engoron had previously found former President Trump liable for fraud in the lead-up to a protracted trial, which eventually concluded with the imposition of a $464 million penalty on the Trump Organization by the New York judge.

Trump's attorneys acknowledged this past Monday that, despite the former president's "diligent efforts," it is “impossible” for him to obtain a full appeals bond in that amount since he does not have the necessary funds on hand.

However, the former POTUS stated on social media on Friday that he did not want to use his $500 million in cash for the bond payment, and instead wished to utilize the money for his 2024 presidential campaign.

Internet mocks Donald Trump

People on X ripped into the former President for not employing the Truth Social merger windfall to get out of dodge in the $464 million penalty deadline come next week.

One X user remarked, “He Cannot access the money for 180 days. Of course he won't use it."

Another user claimed, "He could not use the windfall from this anyways. The shares are locked up for 60 days after the merger; he can't sell them."

"Which means he probably isn’t getting all that money," another user said. 

One user wrote: "He can’t trade his stock to get cash from it for six months."

"Lol. Fact check: he doesnt have enough and is lying again," another X user quipped.

A user tweeted, "If his property is seized he’ll use it to build on his martyrdom. His supporters eat that s**t up."

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.