Cohen: Trump Can't Afford NYC Fraud Judgment -- He's in 'Complete and Total Panic Mode'
Michael Cohen, a former personal attorney for Donald Trump, said Friday on MSNBC's "Deadline" that the former president can not afford the New York City civil fraud trial judgment against him. | Clips
You won't even get a buzz from that.
I'm not so sure this is fantasy.
When Trump had to pay a $25 million dollar fine he did not just write a check. He took a loan from ladder capital to cover it.
This is more than 10 times that fine.
Most of Trump's wealth is properties so he is not very liquid.
Let's say Trump sells a building. He has to
Pay off any loans on that building.
Pay off any partners. For example, Trump owns a building in SF with Vornado Realty.
(He could just sell his share of the building, but it's obviously not 100%)
Pay taxes on any gains.
So it's not easy to cash out.
Trump went and played golf after the fraud judgement:
https://greatawakening.win/p/17sP1qF15E/does-this-look-like-a-man-who-is/c/
Well Mr Cohen the SEC just filed Trump's Truth Social worth 10 BILLION DOLLARS.
Is he able to cash out?
Is there a waiting period?
LMAO TRUMP sold out of his $399.00 collector shoes within hours of release, has patriots raising money for his legal fees, Truckers refusing to deliver to NYC, listed at $4B through DWAC and lawsuits going to appeals then ends the day swinging clubs on the 9th. But yes he’s panicked. Wow either epic gaslighting or delusion…..either way, FASCINATING to watch them unravel.
Beta weasel
It's a civil judgment. What are they going to do if he doesn't pay it?
Wait for the appeal.
They want be able to walk down the street!
He sold a major building last year.....
Which building? Because the DC post office that he made into a hotel is part of this judgement.
Not sure he has to pay while it’s being appealed. If he gets a FAIR trial, he will win.
It needs to be paid within 30 days, or he needs to get a bond for the total fine. Even appealing the ruling and fine, the fine must be posted within 30 days.
Thanks, good to know.