BRAGGART Donald Trump has brazenly bloviated B he's worth "eight or nine billion dollars," but the former president ended up with egg on his face when more than 30 financial institutions refused to underwrite a $464 million legal bond!
In a blockbuster legal motion, the real estate baron's own lawyers confessed the 77-year-old isn't rich enough to cough up $454 million in cash-plus another $10 million in interest ― to appeal a civil judgment imposed by New York Judge Arthur Engoron for decades of committing massive business fraud.
The bond would keep the Empire State's Attorney General Letitia James from carving up the family empire - and selling off properties such as New York City's Trump Tower - to satisfy the devastating judgment.
The Donald's stunning lack of cash has a Beltway insider sputtering, "Something isn't adding up here. He says he's a billionaire but when push comes to shove, he struggles to find the money to stop the destruction of mostly everything he's ever created. It's a farce!"
Other insiders are branding him a bogus billionaire - and questioning if ANY estimates of his worth are legit!
In February, Trump was socked by Engoron with an unprecedented $355 million fine plus $98.6 million in back interest - after the judge found the Republican presidential nominee inflated the value of his assets to nab better rates on loans and insurance and reduced them to cut his taxes.
This story is from the April 08, 2024 edition of Globe US.
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This story is from the April 08, 2024 edition of Globe US.
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