Eric Trump recently spoke out against the $454 million judgment against his father, former President Donald Trump, for fraudulent property valuations. He claimed that bonds of that size do not even exist in the country and that bond issuers had laughed at the request for such a large sum. The former president is now facing a court-imposed deadline to come up with nearly half-a-billion dollars.
Although Donald Trump has suggested that he has nearly $500 million in cash to afford the bond, his lawyers have stated that obtaining surety is “impossible.” The New York attorney general could potentially begin seizing Trump’s assets as early as Tuesday morning.
Eric Trump criticized the court’s decision, calling it a “crooked number,” and claimed that business executives and politicians from both sides of the political spectrum have raised concerns about the massive judgment against his father. Democratic congresswoman Alexandria Ocasio-Cortez also voiced her concern, warning of political corruption if the assets are not seized.
In addition to this financial challenge, Donald Trump is currently facing over 80 pending criminal charges related to efforts to overturn the 2020 election results and is dealing with various lawsuits and penalties. The situation continues to evolve as the former president navigates these legal challenges.
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