Eric Trump has a Monday deadline to secure a hefty $500 million bail in his father’s New York civil fraud case or his Empire State assets will be handed over to state attorney General Letitia James. He vehemently criticized the company, saying it was at risk of being foreclosed on.
“This is a legal thing to do,” he said Sunday in a conversation with Fox News’ Maria Bartiromo. “This whole case is crazy. An out-of-control judge just ruled that the Appellate Division has already failed 85% of this case, but that’s not the point…”
“They just want to hurt people, and they’re sending shockwaves through this country.”
Trump legal team condemns ‘unconstitutional’ attempt to force property sales as $454 million penalty deadline approaches
Eric Trump, executive vice president of the Trump Organization, leaves former President Donald Trump’s civil fraud trial testifying in New York State Supreme Court on November 3, 2023 in New York City and speaks to the media. Told. (Spencer Pratt/Getty Images)
As news of the impending deadline dominated headlines, the executive vice president of the Trump Organization weighed in on the matter on “Sunday Morning Futures.”
The former president and current Republican front-runner said last week that he had nearly $500 million in cash, indicating he had enough funds to post bail at the request of a judge. Ta.
Meanwhile, his lawyers have filed an appeal, seeking to halt the $454 million civil fraud judgment.
Why President Trump’s bond crisis looks like a concentrated effort to destroy President Trump
New York State Attorney General Letitia James speaks during a press conference on September 21, 2022 in New York. (AP Photo/Britteny Newman, File)
Eric Trump claimed on Sunday that those involved in the outcome of the case are trying to “bankrupt” and “terribly harm” his father. He also claimed that the final result would be different than what they expected.
“He’s going to win this in November and it’s going to backfire because everyone in this country knows exactly what these people are doing,” he said.
For the Trump team, the battle is far from over. His lawyers argue that the $454 million bond is “unprecedented for a private company.” His legal team previously confirmed to Fox News Digital that they intend to “exhaust all options.”
New York state legislature asks court to ignore President Trump’s claim that setting $464 million bail is ‘practically impossible’
Former President Donald Trump risks having his New York assets seized if he fails to secure a huge bond on Monday. (Suzanne Cordeiro/AFP via Getty Images)
The ruling in Trump’s case also raised concerns for some people looking to do business in the Empire State.
“People all over the world are watching this travesty. If they see this, America will lose its place in the world,” the younger Trump told Bartiromo on Sunday.
“People are investing in America from all over the world because they know we are a safe harbor, that this kind of thing cannot and will not exist. And Now they realize this exists in America. What is the damage to our country?”
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President Trump’s attorney, Clifford S. Roberts, wrote a letter to the Appellate Division of the New York State Supreme Court, arguing that Attorney General James’ efforts are “unconstitutional.”
Attorney General Letitia James and her staff are prepared to seize the New York property if President Trump is unable to secure a bond.
FOX News’ Brooke Singman contributed to this report.
