ALBAWABA - Amid accusations of real estate fraud, former US President Donald Trump has made a daring claim in an ongoing legal battle. In contrast to what his legal team has said, Trump declared on his Truth Social media platform that he had "almost $500 million in cash."
In the middle of arguments over how he would be able to afford the $454 million fine that was assessed in the real estate fraud case, Trump maintained that brilliance, hard work, and good fortune are the reasons behind his current financial situation. He made it clear that he intended to use this considerable amount for his next presidential campaign.
In addition, Trump's speech demonstrated his disdain for the presiding judge and New York Attorney General Letitia James, accusing them of attempting to confiscate his assets on the pretext of "fraud and corruption." Trump declared, "I did nothing wrong except win an unexpected election in 2016," in an attempt to prove his innocence.
As the appellate court reviews his case, Trump has until Monday to post a $454 million bond. If this isn't done, Attorney General James might be able to take possession of Trump's properties, including Mar-a-Lago in Florida.
In the meantime, Trump's financial ventures were approved for the public offering of his social media company, Truth Social. With estimates indicating that the value of Trump's shares could exceed $3 billion, this action could serve as a means of raising capital.
Allegations that Trump inflated the wealth of his children and corporation by $3.6 billion are the source of his legal troubles. The former financial affairs director of the company, as well as Donald Trump Jr. and Eric Trump, were fined by the court decision.
As the case progresses, Trump will need to post a bond that is greater than the whole amount, plus interest, by March 25 in order to protect his assets from being taken by the New York Attorney General.
