Convicted rapist and former president Trump is unable to post the bond to satisfy the $464 million civil fraud judgement against him.
Now it's time to pay up. Time to grab Donnie by the wallet and watch him whine.
His lawyers, in another last moment appellate court filing pleaded with the judge to secure the bond in a lesser amount.
Alina Habba and Clifford Robert - Trump's lawyers - proposed a far lesser amount to a skeptical Judge Arthur Engoron.
Habba and Robert claimed, "Obtaining such cash through a 'fire sale' of real estate holdings would inevitably result in massive, irrecoverable losses - textbook irreparable injury."
The judge said no. The full amount must be posted in order to file the appeal. Period. End of the story.
No one should be surprised that Don the Con is having such a tough time securing bond.
The surety companies have not allowed the Trump Organization to use its properties as collateral, leaving the company with the only option of posting 120% of the bond in the form of cash and cash equivalents, totaling $557, 491,716.
Trump's attorneys, while claiming the company is in a strong liquidity position, admit Trump does not have that much in cash or equivalents. Isn't that too bad?
No amount of whining and wailing will change Trump's situation. For the second time (the E.J. Carroll case cost him 91 million) in his life Trump is the one paying the piper for his corruption.
As it Stands, I will be watching with pleasure when the state puts up Trump Tower (and his other properties) for sale. It'll be the fire sale of the century.
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