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Trump Says ‘Fire Sale’ Of Properties Will Be Necessary To Make $464 Million Bond

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Donald Trump admitted on Tuesday that he’ll have to take extraordinary measures to make his bond on the New York Attorney General’s office civil fraud case.

Sources tell Fox Business that Trump’s billionaire friends are reluctant to throw him a financial lifeline, potentially forcing him to sell his properties at “fire sale” prices.

The Hill reports on the former president’s latest social media tirade:

Trump blasted New York Judge Arthur Engoron, who ruled against the former president in the fraud case, in a Truth Social post objecting to having to post the bond.

“I 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!” Trump added.

Trump’s warning comes a day after his legal team informed the court that the former president was unable to secure the full $464 million bond due next week.

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.

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 – including his properties.

Former White House press secretary Stephanie Grisham proposed a list of properties former President Trump would be most disappointed to have seized if he cannot pay the damages in his civil fraud case.

“I think if it were to happen, 40 Wall Street is probably the one that he would … I mean, he would hate it,” Grisham told CNN’s Erin Burnett on Monday. “But I think if she tried to seize Mar-a-Lago or Bedminster or Trump Tower even — I mean, those are his babies.”

“You’ve got the Sterling golf course in Virginia. Any of the properties with golf courses, I think, would absolutely devastate him,” Grisham, who worked under the Trump administration, added. “It will be interesting to see what [New York Attorney General Letitia James] goes for.”

This is a breaking news story. Please check back for updates.

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