Donald Trump is close to the deadline to post bond in his fraud trial—and he’s screwing himself over even more.

After having reached out to several guarantors and 30 suretors for help posting his $464 million New York bank fraud bond, Donald Trump suddenly wants everyone to know he actually does have the cash.

In a bizarre rant on Friday morning, the man who was found to have defrauded banks and investors by overvaluing himself and the value of his properties claimed that he had accrued the wealth by way of “HARD WORK, TALENT, AND LUCK.”

Trump also admitted he has nearly half a billion dollars in cash.

The confession directly contradicts a filing from his legal team last month arguing that it would be “impossible” to secure a bond covering the full amount of the multimillion-dollar ruling.

Trump’s words will surely help out New York Attorney General Letitia James, who on Wednesday urged an appeals court to ignore Donald Trump’s latest effort to worm his way out of paying the $464 million disgorgement from his bank fraud trial.

  • gravitas_deficiency@sh.itjust.works
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    10 months ago

    I mean, yeah, he “admitted” it… but knowing how much of a pathological liar he is, it’s also possible that he just wanted to look “successful” to his captive rubes.

    Either way, he is absolutely creating real and serious problems for himself by saying that. And I love that for him.

    • GiuseppeAndTheYeti@midwest.social
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      10 months ago

      Can you explain what you mean by the 2nd paragraph? Could that put him in legal trouble for the motion his lawyers filed to the court that claimed it was “impossible” for him to secure enough cash to cover bond?

      • gravitas_deficiency@sh.itjust.works
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        10 months ago

        If he’s saying he has it and he actually has it: he shot himself in the foot, because now the courts will put his finances under a microscope to find it. And they’ll probably find it.

        If he’s saying he has it and he doesn’t actually have it: he still shot himself in the foot, because the courts are still gonna put his finances under a microscope, except it will last way longer because they’ll find out he’s actually broke, and also perhaps misrepresented his assets and income outside of the context of the NY civil case, which might yield some new charges involving criminal tax evasion, depending on what they find.

        • Mog_fanatic@lemmy.world
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          10 months ago

          The way I’m reading it (and I could absolutely be wrong here) but it sounds like he might be saying he has the money now thru hard work and tan lotion or whatever the hell. Not that he always had it. That would still cause problems but not nearly as much as if he is saying he always had it. Cause then he basically lied in court under oath which is obviously a no no.

          But if he’s saying he like hit the ground and made some shrewd genius business moves to raise the money quickly or something I don’t think that would cause a ton of problems. And I could easily see some moron rich people getting together and just giving him the money or something

          • gravitas_deficiency@sh.itjust.works
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            10 months ago

            It’s that, or he’s getting ready to have the RNC bankroll his financial losses. Which I’m sure will trigger tons of lawsuits from people who are very not ok with that.

            This is all just a smokescreen. The objective is to create chaos and confusion. Delays here help trump.

    • Capt. Wolf@lemmy.world
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      10 months ago

      He admitted it just like he claimed he was a billionaire. It doesn’t make it true. The question when he makes statements like this needs to be, “Is it true?” followed by, “To what degree does he believe his own lie?” because at some point, we step into the realm of severe mental illness and delusions of grandeur. Everything else is just posturing to save face for his idiot voter base.

      • DogPeePoo@lemm.ee
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        10 months ago

        I have the money! (all of the sudden)

        I just need time to convert it from Rubles to dollars!

        • Capt. Wolf@lemmy.world
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          10 months ago

          “Sure I’ve got the money! Everybody knows I’ve got the money! Crooked Joe Biden knows I’ve got the money, but I’ll say to you what I’d say to him and his fake, crony judges! You’re not getting a red cent from me or America! In fact, when November rolls around and we take back what was STOLEN from us, it’ll be Dirty Joe and his goons who’ll be the ones to pay!”

          *Cue cheering in moron ad nauseum*

  • Chainweasel@lemmy.world
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    10 months ago

    Honestly I don’t believe for a second that he actually has the money. I just don’t think he can handle people (HIS people) knowing that he’s flat fucking broke and at the end of his rope.
    Monday we’ll find out if Schrodinger’s cash was in the box or not.

    • Dagwood222@lemm.ee
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      10 months ago

      One story I heard was that his lawyers have to come into the room in pairs, because he’ll tell one lawyer Story A and the other one Story B.

      He doesn’t lie like an adult; he lies like a child.

    • Jaysyn@kbin.social
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      10 months ago

      I’ve read he legit does have a bit over $500M liquid, but if he touches more than $450M of what remains, loans will automatically start getting called in.

      Loans he can’t pay if he only has $50M liquid left.

      • PopcornTin@lemmy.world
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        10 months ago

        That’d be economics 101. Cash sitting idle loses value, so keep it to a minimum.

        But we’re not about that. Buahaha, Trump’s such a loser, he doesn’t even have a few million in the back!!1

    • RestrictedAccount@lemmy.world
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      10 months ago

      He said it, so it can only be one of two things:

      1. a bald face lie
      2. channeling the jealousy of his lizard brain

      In this case, option 1 seems most plausible.

    • meat_popsicle@sh.itjust.works
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      10 months ago

      He’s not broke. TruthSocial is about to go public via SPAC and make him about $3.3B. Company will trade under ticker DJT.

      From Reuters

      This is all a nice distraction to rile his base.

      • Snapz@lemmy.world
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        10 months ago

        Not sure who was making that value projection, but if it was a trump-involved party, you can definitely count on that being over inflated bullshit.

        We all need to stop regurgitating trump headlines/talking points verbatim without attempting to add some context.

        "its future is fraught with uncertainty. Digital World’s former CEO Patrick Orlando and former Trump business associates Andy Litinsky and Wes Moss have separately sued to ask for more shares for their previous work on the deal.

        It is unclear how and when these cases will be resolved. Even if the deal gets completed next week, Trump will not be allowed to sell any of his shares in the combined company for six months or borrow against them, based on terms he previously agreed."

      • S_204@lemm.ee
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        10 months ago

        He can’t cash that out in time to help with this, and what bail bondsman is going to take shares of a social media company as collateral?

      • hitmyspot@aussie.zone
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        10 months ago

        He gets shares, which they value at that price now. It’s not a successful social media network. The price may drop once floated. He can’t touch the shares for 6 months. Without being propped up, it may be dead by then, although depending on launch, it may still be viable at that point as the election will still be ongoing. However, if he crashes and burns (jail, insovlency) before then, it could also crash and burn. He’s still in his Icarus phase.

        S no, he doesn’t have 3 billion lying around. We also don’t know his debts, which may also be billions.

  • Buffalox@lemmy.world
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    10 months ago

    Quote from Trump on truth social shown in the article:

    THE OFTEN OVERTURNED POLITICAL HACK JUDGE ON THE RIGGED AND CORRUPT A.G. CASE

    Can they not sue him for libel on this?

    Apart from that it’s hilarious that he still tries to claim he is paying for his presidential campaign himself.

    • FlowVoid@lemmy.world
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      10 months ago

      Courts generally consider broad statements like “rigged” and “corrupt” to be opinions, which by themselves are not grounds for libel. Libel requires stating specific false facts.

      For example, “The election was rigged” is an opinion. But “Two Georgia election workers threw away GOP ballots” is libel.