He says money meant for his campaign will now have to be used in his legal case.
Former President Donald Trump posted on social media on March 22 that “through hard work, talent, and luck, I currently have almost five hundred million dollars in cash.”
This comes as the former president needs to put up upwards of $454 million to stay judgment in his civil fraud case while he appeals—to effectively hold off the New York Attorney General from potentially seizing his buildings during the appeal.
President Trump posted that he had intended to use a “substantial amount” of his money in his presidential campaign, before blasting the judge and attorney general on the civil fraud case.
“THE OFTEN OVERTURNED POLITICAL HACK JUDGE ON THE RIGGED AND CORRUPT A.G. CASE, WHERE I HAVE DONE NOTHING WRONG, KNEW THIS, WANTED TO TAKE IT AWAY FROM ME,” President Trump wrote.
“THAT’S WHERE AND WHY HE CAME UP WITH THE SHOCKING NUMBER WHICH, COUPLED WITH HIS CRAZY INTEREST DEMAND, IS APPROXIMATELY $454,000,000,” he continued.
The judgment total was $363 million, but breaks down with about $355 million of that specifically applying to President Trump, $4 million to be recovered from Eric Trump, $4 million to be recovered from Donald Trump Jr., and $1 million to be recovered from former Trump Organization finance chief Allen Weisselberg.
With the applied 9 percent interest, court filings say the bond comes out to more than $464 million, with a little more than $10 million of that attributed to judgment on Eric Trump, Donald Trump Jr., and Mr. Weisselberg.
Judgment was entered on Feb. 23, kicking off a 30-day clock to post the massive sum, set to expire on March 25.
President Trump, in the post, decried the ruling as an example of “communism in America.”
Bond Needed for Stay, Not Appeal
In recent court filings, Trump attorneys and brokers argued for a second time to the appellate division of the New York Supreme Court that a $464 million bond was “impossible” to secure, requesting to post $100 million bond to stay judgment during the appeal.
