Former President Donald Trump said he plans to post $175 million in bail “very quickly” to appeal a $464 million fine against him in a New York state civil fraud case.
President Trump indicated on Monday that he would easily come up with the money within a 10-day deadline set by the New York Court of Appeals.bloomberg news I got it. Before Monday’s sentencing, he said he had until the end of Monday to pay $545 million (120 percent of the fine) to appeal Judge Arthur Engoron’s ruling, which He and his lawyers say it was nearly impossible.
JUST IN – President Trump reacts to New York Court of Appeals ruling:
“I highly respect the Appellate Division’s decision and provide $175 million in cash, bonds, collateral, and whatever else is needed, as the state of New York has been hurt by his decision. I’m going to put it in. pic.twitter.com/PapENsHFU4
— The Insider Paper (@TheInsiderPaper) March 25, 2024
President Trump opened his brief, one-minute statement to reporters by accusing Engoron of treating “New York State badly.”
“Businesses are fleeing, crime is rampant across the state. What he did was too bad and should never be allowed to happen again,” Trump told reporters. “New York state is hurt by his decision.”
“I highly respect the Appellate Division’s decision and intend to promptly post the $175 million in cash, bond, collateral, and anything else necessary within 10 days. I thank the Appellate Division for its swift action. “I will,” he added. , before calling Engoron “a disgrace to this nation.”
Breitbart News’ Christina Wong reports that Digital World Acquisition Corp. shareholders on Friday gave the go-ahead to a merger with his social media platform TruthSocial, leaving Trump with a $3.5 billion windfall. Christina Wong of Breitbart News pointed out that the decision was made in a position where the government was in a position to enter the country.
Mr. Trump will own about 79 million shares of the combined company, at a current stock price of about $41 per share.
The former president cannot convert his shares into cash until six months after the merger, but [Turning] Charlie Kirk, founder and CEO of Points USA, posted on X that President Trump may seek a waiver to post bond so he can appeal the fraud case.
President Trump’s comments to the press echoed the sentiments he shared earlier on Truth Social.
