FOX
Former President Donald Trump won a reprieve Monday after an appeals court agreed to block New York state authorities from moving to seize his assets and reduced his required bond to $175 million with an extended deadline.
Trump had faced a deadline of midnight on Monday to post a bond covering $454 million in penalties imposed by a New York court in a civil fraud judgment against the former president for overstating his net worth and the value of his real estate properties to secure more favorable terms for loans and other transactions.
The appeals court’s ruling reduces that required bond to $175 million and grants Trump an additional 10 days to provide the funding. Trump’s lawyers had said they were unable to find surety companies willing to provide him with a bond to cover the judgment during his appeal without him putting up over $557 million – an amount they said would require a total of $1 billion in cash and cash equivalents to have enough capital to operate the business.
Shares in Digital World Acquisition Corp. (DWAC) surged upwards of 35% during Monday’s trading session in the wake of the appeals court rules. DWAC is the special purpose acquisition company that plans to list Trump Media & Technology Group on the stock market through a merger that values Trump’s stake in Truth Social at more than $3.3 billion – with Monday’s gains pushing it closer to $4 billion. more here
I still say Trump should thumb his nose at the 175 mil bond. Continue to call their bluff and on the 9th day act like a pawn broker and ask “What’s the lowest you’ll take?”
Then give ’em 50 bux like the cheap whores that they are!
In the mean time Keep on Truckin!
What’s good for Trump is good for America!
I still can’t believe scrotus hasn’t shut down all of this harassment to save the good standing of the court system. Nobody believes this is fair, right or honest justice. Judges need to be held accountable and if not by scrotus then the people.
Magie…it’s Maggie
So they have figured out how to cheat or cancel the election.
Ivanka once marveled how her dad always comes out a winner. Love him (I do) or hate him (if you do, you’re mentally ill ‘ or bribed), Trump is literally a genius.
Today’s Babylon Bee nails it again with the headline, Trump announces he will pay entire bond with bags of nickels. Are there enough nickels in circulation to count up to 7 billion to pay this fine. I’d love to see him do it just to piss them off.
Sure, please ignore the bond reduction & by all means “call their bluff”.
Along wit my $59.99 bible buy my DJT stock today, quick!
Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to filings. The company lost $49 million over that span. And yet the market is valuing Trump Media at approximately $13 billion.
Trump Media is likely worth somewhere around $2 a share — nowhere near its implied stock price of $50.
Let alone currently trading around $70.00 a share, just waiting for the great tumble to happen.
My math is off it’s only 3 and half billion nickels but that’s still a hell of lot of nickels to have to count by hand.
They are scared of Trump. Real sacred.
.
Frightened people do desperate things.