{"id":6397,"date":"2024-03-19T12:13:42","date_gmt":"2024-03-19T16:13:42","guid":{"rendered":"https:\/\/greatamericanewsdesk.com\/?p=6397"},"modified":"2024-03-19T12:18:47","modified_gmt":"2024-03-19T16:18:47","slug":"trump-says-fire-sale-of-properties-will-be-necessary-to-make-464-million-bond","status":"publish","type":"post","link":"https:\/\/greatamericanewsdesk.com\/news\/trump-says-fire-sale-of-properties-will-be-necessary-to-make-464-million-bond\/admin_gand\/2024\/03\/","title":{"rendered":"Trump Says &#8216;Fire Sale&#8217; Of Properties Will Be Necessary To Make $464 Million Bond"},"content":{"rendered":"\n<p>Donald Trump admitted on Tuesday that he&#8217;ll have to take extraordinary measures to make his bond on the New York Attorney General&#8217;s office civil fraud case.<\/p>\n\n\n\n<p>Sources&nbsp;<a target=\"_blank\" href=\"https:\/\/twitter.com\/CGasparino\/status\/1770115708636000306\" rel=\"noreferrer noopener\">tell<\/a>&nbsp;Fox Business that Trump&#8217;s billionaire friends are reluctant to throw him a financial lifeline, potentially forcing him to sell his properties at &#8220;fire sale&#8221; prices.<\/p>\n\n\n\n<p>The Hill&nbsp;<a target=\"_blank\" href=\"https:\/\/thehill.com\/regulation\/court-battles\/4541652-trump-says-hed-have-to-hold-fire-sale-of-properties-to-meet-464m-bond\/\" rel=\"noreferrer noopener\">reports<\/a>&nbsp;on the former president&#8217;s latest social media tirade:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>Trump blasted New York Judge&nbsp;<\/em><em><a target=\"_blank\" href=\"https:\/\/thehill.com\/people\/arthur-engoron\/\" rel=\"noreferrer noopener\">Arthur Engoron,<\/a><\/em><em>&nbsp;who ruled against the former president in the fraud case, in a Truth Social post objecting to having to post the bond.<\/em><\/p>\n\n\n\n<p><em>\u201cI would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!\u201d Trump added.<\/em><\/p>\n\n\n\n<p><em>Trump\u2019s warning comes a day after his legal team&nbsp;<\/em><em><a target=\"_blank\" href=\"https:\/\/thehill.com\/regulation\/court-battles\/4539252-trump-454-million-bond-ny-fraud-case\/\" rel=\"noreferrer noopener\">informed the court<\/a><\/em><em>&nbsp;that the former president was unable to secure the full $464 million bond due next week.<\/em><\/p>\n\n\n\n<p><em>They cited difficulties finding a Treasury Department-approved surety company willing to underwrite a bond at such a high level. And they noted many of the approved companies have internal policies against issuing bonds of more than $100 million.<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>New York Attorney General Letitia James said that if Trump fails or refuses to pay the $354.8 million fine, plus roughly $100 million in interest, she will seize his assets \u2013 including his properties.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">BREAKING: Sources tell <a href=\"https:\/\/twitter.com\/FoxBusiness?ref_src=twsrc%5Etfw\">@FoxBusiness<\/a> that <a href=\"https:\/\/twitter.com\/realDonaldTrump?ref_src=twsrc%5Etfw\">@realDonaldTrump<\/a>&#39;s coterie of billionaire friends are reluctant to throw him a financial lifeline even as he faces the possibility of a fire-sale of his properties to make his bond on the <a href=\"https:\/\/twitter.com\/NewYorkStateAG?ref_src=twsrc%5Etfw\">@NewYorkStateAG<\/a>  judgment. I don&#39;t know if he&#39;s\u2026<\/p>&mdash; Charles Gasparino (@CGasparino) <a href=\"https:\/\/twitter.com\/CGasparino\/status\/1770115708636000306?ref_src=twsrc%5Etfw\">March 19, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Former White House press secretary\u00a0Stephanie Grisham\u00a0proposed a list of properties former\u00a0President Trump\u00a0would be most disappointed to have seized if he cannot pay the damages in his civil fraud case.<\/p>\n\n\n\n<p>\u201cI think if it were to happen, 40 Wall Street is probably the one that he would \u2026 I mean, he would hate it,\u201d Grisham told CNN\u2019s&nbsp;<a href=\"https:\/\/thehill.com\/people\/erin-burnett\/\">Erin Burnett&nbsp;<\/a>on Monday. \u201cBut I think if she tried to seize Mar-a-Lago or Bedminster or Trump Tower even \u2014 I mean, those are his babies.\u201d<\/p>\n\n\n\n<p>\u201cYou\u2019ve got the Sterling golf course in Virginia. Any of the properties with golf courses, I think, would absolutely devastate him,\u201d Grisham, who worked under the Trump administration, added. \u201cIt will be interesting to see what [New York Attorney General Letitia James] goes for.\u201d<\/p>\n\n\n\n<p><em>This is a breaking news story. Please check back for updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump admitted on Tuesday that he&#8217;ll have to take extraordinary measures to make his bond on the New York Attorney General&#8217;s office civil fraud case. Sources&nbsp;tell&nbsp;Fox Business that Trump&#8217;s billionaire friends are reluctant to throw him a financial lifeline, potentially forcing him to sell his properties at &#8220;fire sale&#8221; prices. The Hill&nbsp;reports&nbsp;on the former [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[384,8,84,1053,1002],"class_list":["post-6397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-business","tag-donald-trump","tag-new-york","tag-red-alert","tag-trump-lawsuits"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Says &#039;Fire Sale&#039; Of Properties Will Be Necessary To Make $464 Million Bond - Great America News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/greatamericanewsdesk.com\/news\/trump-says-fire-sale-of-properties-will-be-necessary-to-make-464-million-bond\/admin_gand\/2024\/03\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Says &#039;Fire Sale&#039; Of Properties Will Be Necessary To Make $464 Million Bond - Great America News Desk\" \/>\n<meta property=\"og:description\" content=\"Donald Trump admitted on Tuesday that he&#8217;ll have to take extraordinary measures to make his bond on the New York Attorney General&#8217;s office civil fraud case. Sources&nbsp;tell&nbsp;Fox Business that Trump&#8217;s billionaire friends are reluctant to throw him a financial lifeline, potentially forcing him to sell his properties at &#8220;fire sale&#8221; prices. 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