LOADINGERROR LOADINGMichael Cohen, former longtime personal attorney to Donald Trump, said the former president’s struggle to come up with the money to post bond in New York makes one thing very clear. “It tells you he’s not nearly as rich as he’s sold himself to the American people,” he said on MSNBC on Monday night. Advertisement
Trump’s attorneys on Monday said he can’t post the $464 million bond needed to appeal his conviction in the civil fraud case. Thirty bond companies all declined to post the cash, he said in a court statement, making it “a practical impossibility” to post the money by the March 25 deadline. “He’s right, it’s effectively impossible,” Cohen said, noting that much of Trump’s worth is tied up in real estate. Selling the properties would take time, and would also lead to a host of additional financial issues including taxes and mortgage payments. But as Cohen pointed out, Trump had claimed in court that he has cash assets of at last $400 million. “If that’s true, post the $400 million and get the balance,” Cohen said. “And if it’s not true, who knows, maybe it could be a perjury charge.” Advertisement
Cohen said Trump’s cash crunch could lead to a dangerous situation for the nation if he gets the money from foreign interests. “It leaves a presidential candidate basically owing a foreign entity, all at the expense of America’s national security,” he said. “This is no joke. This places our national security in jeopardy and continues to make Donald Trump the single most dangerous thing in America to our national security and democracy.” See his full conversation with MSNBC’s Michael Steele below:[embedded content]Bloomberg last year estimated Trump’s net worth at $3.1 billion, but Trump has a long history of exaggerating his personal wealth, claims that played a key role in the fraud case. If Trump is unable to post the bond by March 25 and unable to reach any other agreement with the court, New York Attorney General Letitia James will be able begin to seize his assets. Advertisement
Cohen served as Trump’s personal attorney and fixer for years, but eventually turned on his former boss as he cooperated with investigators and testified to Congress.He ultimately pleaded guilty to campaign finance violations, lying to Congress and other charges ― all done on behalf of Trump, he has said ― and was sentenced to three years in prison.Support HuffPostOur 2024 Coverage Needs YouYour Loyalty Means The World To UsAt HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way.As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That’s why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we’ll bring you hard-hitting investigations, well-researched analysis and timely takes you can’t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Contribute as little as $2 to keep our news free for all.Dear HuffPost ReaderThank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?Dear HuffPost ReaderThank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.The stakes are high this year, and our 2024 coverage could use continued support. If circumstances have changed since yo …
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Trump’s attorneys on Monday said he can’t post the $464 million bond needed to appeal his conviction in the civil fraud case. Thirty bond companies all declined to post the cash, he said in a court statement, making it “a practical impossibility” to post the money by the March 25 deadline. “He’s right, it’s effectively impossible,” Cohen said, noting that much of Trump’s worth is tied up in real estate. Selling the properties would take time, and would also lead to a host of additional financial issues including taxes and mortgage payments. But as Cohen pointed out, Trump had claimed in court that he has cash assets of at last $400 million. “If that’s true, post the $400 million and get the balance,” Cohen said. “And if it’s not true, who knows, maybe it could be a perjury charge.” Advertisement
Cohen said Trump’s cash crunch could lead to a dangerous situation for the nation if he gets the money from foreign interests. “It leaves a presidential candidate basically owing a foreign entity, all at the expense of America’s national security,” he said. “This is no joke. This places our national security in jeopardy and continues to make Donald Trump the single most dangerous thing in America to our national security and democracy.” See his full conversation with MSNBC’s Michael Steele below:[embedded content]Bloomberg last year estimated Trump’s net worth at $3.1 billion, but Trump has a long history of exaggerating his personal wealth, claims that played a key role in the fraud case. If Trump is unable to post the bond by March 25 and unable to reach any other agreement with the court, New York Attorney General Letitia James will be able begin to seize his assets. Advertisement
Cohen served as Trump’s personal attorney and fixer for years, but eventually turned on his former boss as he cooperated with investigators and testified to Congress.He ultimately pleaded guilty to campaign finance violations, lying to Congress and other charges ― all done on behalf of Trump, he has said ― and was sentenced to three years in prison.Support HuffPostOur 2024 Coverage Needs YouYour Loyalty Means The World To UsAt HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way.As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That’s why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we’ll bring you hard-hitting investigations, well-researched analysis and timely takes you can’t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Contribute as little as $2 to keep our news free for all.Dear HuffPost ReaderThank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?Dear HuffPost ReaderThank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.The stakes are high this year, and our 2024 coverage could use continued support. If circumstances have changed since yo …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]