Trump signals Truth Social windfall won’t be used to post bond in fraud case

Former President Trump suggested Friday that he does not intend to use a potential windfall from a merger involving Truth Social to post bond in a New York fraud judgment ahead of a Monday deadline.

Digital World Acquisition Corporation (DWAC) shareholders on Friday approved a merger with President Trump-owned media startup Truth Social, giving the company its stock market debut and a potential $3.5 billion gift to the former president. The windfall income was in full swing.

But President Trump told Fox News Digital that he would not necessarily use the cash infusion to cover the debt in New York.

“That doesn’t mean I give money to corrupt and incompetent judges, failed violent and immigration criminals, and puppets of a corrupt attorney general whose only purpose in life is to get Trump.” No,” President Trump said. He mentioned Judge Arthur Engoron and New York State Attorney General Letitia James.

President Trump vowed to fight the case “all the way to the U.S. Supreme Court if necessary.”

“They can’t take your property until you’ve had a chance to appeal the rulings of Trump-hating, incompetent judges who have overturned more times than any other judge in the state,” he said. .

President Trump has until Monday to secure a $500 million bond or risk asset seizure, challenging a trial court’s ruling that he conspired to alter his net worth for tax and insurance benefits. I have to water it down.

Engoron found Trump responsible for the fraud last year ahead of a months-long trial that ended with a judge fining the Trump Organization a hefty $464 million.

Trump’s lawyers acknowledged Monday that despite the former president’s “zealous efforts,” it would be “impossible” to secure the full appeal bond due to a lack of cash on hand. Ta.

But the former president claimed in a social media post Friday that he has $500 million in cash but doesn’t want to use it to pay down the bond.

Former White House ethics director Norm Eisen criticized Trump’s post, calling it “stupid.” In X’s Friday postHe previously wrote on Twitter: “Now you can’t claim there were any hardships to get the stay,” and “James can help himself, including with this supposed money!”