Former White House Ethics Director Norm Eisen said on Friday that former President Trump has been unable to secure $500 million in bail money in a New York civil fraud case, even though his lawyers had previously suggested he would not be able to secure $454 million in bail. He called it “stupid” for claiming to have cash nearby.
“This is really ridiculous. Now he can’t claim hardship to get a stay,” Eisen said. Said In a post on Platform X, formerly known as Twitter Friday. He added that New York Attorney General Letitia James (D) “can support herself with this supposed money.”
Eisen’s post was in response to Trump’s previous Truth Social post, in which he said, “Through hard work, talent, and luck, I now have nearly $500 million in cash. “I intended to use a significant amount of that money for my election campaign.” For the president. ”
Former Watergate special counsel Nick Ackerman also criticized Trump’s Friday post, saying: on CNN It was “the stupidest thing he ever did,” because “it was a direct admission that he had money.”
President Trump faces a Monday deadline to pay bail in the case, and his lawyers have spent “countless hours negotiating with some of the world’s largest insurance companies” and have secured bail assistance from 30 companies. He said he tried asking for help, but it had no effect.
“The judgment amount exceeds $464 million, including interest, and very few bond companies would consider a bond amount approaching this amount,” Trump’s lawyers said in a Monday filing.
In a post on Truth Social earlier this week, President Trump criticized James, Judge Arthur Engoron, and others who oversaw the case, saying he would struggle to pay bail.
“The scale of bond set by Democratic club-controlled judges in the illegal witch hunt of corrupt racist Letitia James is unconstitutional, un-American, and unprecedented. “This is virtually impossible for any company, including successful ones like mine,” Trump wrote.
“Bonding companies have never heard of bonds of this size and do not have the capacity to issue such bonds,” he added.
If Trump fails to meet the deadline, James said he could seize some of Trump’s assets.
Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
