Trump's constitutional argument in GA case is a 'losing one': Kimberly Atkins Stohr from ali bond Watch Video

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CNN
⏲ 8 minutes 👁 13.3K
Donald Trump is facing a cash crunch. He admitted in a court filing on Monday that he does not have enough cash and cannot secure a bond to cover the more than $457 million he owes to New York state after being found liable in a civil fraud case. And his team has reportedly not ruled out declaring bankruptcy via certain entities.<br/><br/>If any of Trump’s companies were to declare bankruptcy, it seems most likely that it would be one tied to 40 Wall Street, his troubled skyscraper in downtown Manhattan. The building looks glamorous–ascending 63 stories above the Financial District, with a copper crown on top–but its finances are not pretty. That fact may not have been clear to New York Attorney General Letitia James when she spoke with ABC News in February about preparing to seize Trump’s assets if he didn’t pay in full. “I look at 40 Wall Street each and every day,” James reportedly said, of the building Trump has run since 1995.<br/><br/>The former president’s debt at the property totals roughly $120 million, and the loan matures in 2025. That means Trump will need to find a new lender or come up with the cash to pay it off at some point next year, shortly after he figures out some way to get his hands on the roughly $540 million he owes in fines and interest resulting from three civil lawsuits.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/zacheverson/2024/03/21/heres-the-trump-building-most-likely-to-go-bankrupt/?sh=754e65d13e04<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 8:14 👁 275K
Trump’s Civil Fraud Judgement Bond , Is Reduced to $175 Million.<br/>On March 25, a New York appeals court told Donald Trump that if he can pay $175 million within 10 days.<br/>collection of his $454 million civil fraud judgement will be paused, AP reports. .<br/>The payment would also stop the state from seizing any of Trump's assets during the appeals process. .<br/>A previous ruling that Trump and his sons, Eric and Donald Trump Jr., couldn't serve in corporate leadership for a number of years was also reversed. .<br/>The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. .<br/>The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. .<br/>The presumptive Republican presidential nominee praised the ruling and criticized Judge Arthur Engoron's initial ruling.<br/>What he’s done is such a <br/>disservice and should never <br/>be allowed to happen again, Donald Trump, via statement.<br/>So I greatly respect the decision <br/>of the Appellate Division, and I’ll post <br/>either $175 billion in cash or bonds <br/>for security or whatever is necessary, <br/>very quickly, within the 10 days. , Donald Trump, via statement.<br/>And I thank the Appellate Division <br/>for acting quickly, but Judge Engoron <br/>is a disgrace to this country, and this <br/>should not be allowed to happen, Donald Trump, via statement.<br/>However, James' office points out that the judgement still stands, even if collection is paused. .<br/>Donald Trump is still facing <br/>accountability for his staggering fraud, Letitia James' office, via statement
⏲ 1:31 👁 1.3M
Trump’s Civil Fraud Judgement Bond , Is Reduced to $175 Million.<br/>On March 25, a New York appeals court told Donald Trump that if he can pay $175 million within 10 days.<br/>collection of his $454 million civil fraud judgement will be paused, AP reports. .<br/>The payment would also stop the state from seizing any of Trump's assets during the appeals process. .<br/>A previous ruling that Trump and his sons, Eric and Donald Trump Jr., couldn't serve in corporate leadership for a number of years was also reversed. .<br/>The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. .<br/>The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. .<br/>The presumptive Republican presidential nominee praised the ruling and criticized Judge Arthur Engoron's initial ruling.<br/>What he’s done is such a <br/>disservice and should never <br/>be allowed to happen again, Donald Trump, via statement.<br/>So I greatly respect the decision <br/>of the Appellate Division, and I’ll post <br/>either $175 billion in cash or bonds <br/>for security or whatever is necessary, <br/>very quickly, within the 10 days. , Donald Trump, via statement.<br/>And I thank the Appellate Division <br/>for acting quickly, but Judge Engoron <br/>is a disgrace to this country, and this <br/>should not be allowed to happen, Donald Trump, via statement.<br/>However, James' office points out that the judgement still stands, even if collection is paused. .<br/>Donald Trump is still facing <br/>accountability for his staggering fraud, Letitia James' office, via statement
⏲ 1:31 👁 2.6M
Donald Trump: The ex-President's properties could be seized if he can't come up with $464 million bond from ali bond
⏲ 1:6 👁 86.1M
Credit: SWNS / Mike Jacobs<br/><br/>Meet the couple who have spent $150k on a 'gap year' nine-month cruise around the world.<br/><br/>Mike Jacobs, 56, and wife Nancy, 59, set off on their epic cruise - calling at 160 ports in 65 countries - in December 2023.<br/><br/>The couple decided they would live life to the fullest after their children, Tim Jacobs, 26, Emily Smoker, 28, and Katie Murphy, 30, moved out.<br/><br/>So far, the couple have visited the Chichen Itza Mayan Ruins, Barbados, Grenada and Rio de Janeiro.
⏲ 2:14 👁 8.5M
Former President Donald Trump secures a temporary halt to his $454 million civil fraud judgment by posting a $175 million bond within 10 days. This pause shields his assets from seizure by New York state authorities. Trump maintains innocence, denouncing the case as politically motivated. He faces mounting legal expenses amid upcoming criminal trials, including charges related to his 2020 election loss and financial misconduct allegations.<br/> <br/>#DonaldTrump #Trump #NewYorkCivilFraud #Trumpelection #ElectionFraud #NewYorkCourt #JudgeEngoron #Trumpnews #Trump2024 #USnews #Worldnews #Oneindia #Oneindianews <br/>~PR.152~ED.101~GR.122~HT.96~
⏲ 2:40 👁 1.1M
Eric Trump, the younger son of former president Donald Trump, has publicly voiced his discontent over the challenges they face in securing a $464 million bond.<br/><br/>What Happened: Eric Trump expressed his frustration during an appearance on Fox News Sunday. He disclosed his involvement in the negotiations with multiple sureties to secure the bond, all of which were unsuccessful.
⏲ 1:4 👁 1.7M

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