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Trump Empire Could Be Seized Today In NY State

- NY Attorney General could own Trump properties by today's deadline

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It’s D-Day for Donald Trump in New York. Unless he pays nearly half a billion dollars by today, he could lose portions of his coveted Trump empire.

Top News Today :
The time has finally come for Donald Trump to pay the $454 million civil business fraud judgment against him to the State of New York after decades of corruption and over-inflating his assets. His only problem is that he doesn’t appear to have enough cash to cover what he owes, which means his beloved Trump Tower on Manhattan’s Fifth Avenue, his Mar-a-Lago estate in Florida, and/or other prized properties could soon be seized and claimed by the Empire State.

Trump Empire
Letitia James

In case anyone is unclear, New York Attorney General Letitia James means business. She is of the school of thought that no person is above the law — not even Donald Trump. She is determined to prevent Trump from engaging in his usual stall tactics to derail collection of the judgment. She even spent the weekend preparing the necessary paperwork (in advance) to take possession of portions of the Trump Empire and satisfy the debt as early as Monday morning.

So, what are Donald Trump and his Klan doing to save their assets from seizure by the no-nonsense Black female attorney general with the necessary smarts and law on her side?

On Friday, Trump took his Truth Social network public in the hopes of borrowing against or selling shares (as soon as the markets open on Monday morning) to pay his debt. However, that strategy won’t be easy.

According to The New York Times, major shareholders of Trump Media are barred from selling their shares for 6 months. Trump would have to obtain special permission to waive any restrictions on selling shares before its planned merger with Trump Media goes to a vote — and all before Ms. James steps in and takes over parts of the Trump Empire.

Trump Empire

Also on Friday, Donald Trump reiterated the need for an appeals court to step in and either delay or decrease the $454 million judgment against him because he doesn’t have it. Then, soon thereafter, the braggadocious Trump just couldn’t help himself and foolishly took to social media to boast that he is so rich he has $500 million in cash readily available.

“Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president,” Trump wrote in all caps on Truth Social. “The often overturned political hack judge on the rigged and corrupt A.G. case, where I have done nothing wrong, knew this, wanted to take it away from me, and that’s where and why he came up with the shocking number which, coupled with his crazy interest demand, is approximately $454,000,000.”

His words became instant evidence for the appeals court to deny his request. After all, why would they need to delay or decrease a $454 million judgment if he is legitimately sitting on $500 million in cash?

On Sunday, Donald Trump took another page from his playbook. He played the victim card by sending his son, Eric Trump, on Fox to berate Attorney General James and the entire legal process.

Trump Empire

“They’re trying to deprive him of his cash, they want to bankrupt him, they want to hurt him so badly,” Eric Trump told Fox News. “And it’s going to backfire, because he’s going to win this in November, and everybody in this country universally knows exactly what these people are doing.

“Every single person when I came to them saying ‘Hey, can I get a half-billion dollar bond?’ … They were laughing. They were laughing,” Eric said. “No one’s ever seen a bond this size.”

Meanwhile, it appears luck may not be on the side of ‘The Teflon Don’ this time around in his attempts to save his Trump Empire from seizure. In fact, CNN is reporting that although Trump has raised some cash, he just doesn’t have enough to make this all go away.

“The $464 million decision levied in the verdict, and the bond Trump is scrambling to secure to forestall potential seizure of his properties, would require cash or cash equivalent of roughly $557 million based on industry practice. And at least some of the money Trump does have is tied up in loan agreements that include terms requiring him to have tens of millions of dollars in cash on hand,” CNN’s Phil Mattingly said.

Trump Empire

So, it appears that unless a miracle falls into the lap of Donald Trump by Monday morning, the entire Trump Empire is up for grabs — and Letitia James is ready to do her duty.

Stay tuned… 


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DJ

DJ is the creator and editor of OK WASSUP! He is also a Guest Writer/Blogger, Professional and Motivational Speaker, Producer, Music Consultant, and Media Contributor. New York, New York USA

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Wil

CNN: Legal analyst Nick Akerman told CNN that former President Donald Trump’s all-caps rant claiming to have “ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH” is the “dumbest thing he could possibly have done!” There has been a lot of wild speculation about how Trump will pay the bond to appeal payment of the fraud judgment that could cost him in excess of $460 million if appeals are unsuccessful. The deadline for that bond, if the appeals court doesn’t intervene, is Monday. But in an early-morning Truth Social post Trump ranted that “THROUGH HARD WORK, TALENT, AND LUCK, I CURRENTLY HAVE ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH, A SUBSTANTIAL AMOUNT OF WHICH I INTENDED TO USE IN MY CAMPAIGN FOR PRESIDENT.” On Friday’s edition of CNN News Central, anchor John Berman roasted Trump as “not the best arbiter” of how much money he actually has, but it was Akerman who… Read more »

Truthiz1

Honestly, it should be against the law to be as dumb and as mental and as corrupt as Trump and run for Any political office at Any level, Anywhere, and Especially NOT president!!!

Shame is Us for allowing such a mucked up Creature to rise to power in the first place, and to sit in the most Powerful seat in the world.

And shame on the American so-called news media who provided this dangerous creature with a global platform to spread his ignorance, his Hate, and his madness!

Truthiz1

So no one has come to his rescue!?! No one at all!?!

Apparently not even Putin or the Saudis are willing to try to save Trump’s broke behind under the table…smh!

Meanwhile most Trump sycophants, enablers and voters will continue to Pretend they don’t know the truth about Trump. They know the truth because he’s a reflection of them. They just don’t give a d*mn!

Mr.BD

I just heard the news they are going to let Trump post a smaller bond so he can appeal. He only has to pay $175 million now while he tries to appeal. But if he loses he has to pay the whole amount. They never stop saving this clown from himself.

Truthiz1

Yes BD, a “highly unusual” but not unprecedented ruling.

To me it boils down to this…..

Rich and Powerful, White and Corrupt man (in this case a judge) looking out for Fake rich, White and Corrupt man.

Wil

I wanted to post this earlier but our servers went down. NBC: A state appeals court ruled that Donald Trump and his co-defendants in the New York civil fraud case have 10 days to post a $175 million bond, down from the $464 million judgment that was originally due Monday. The 11th-hour ruling from a panel of state Appellate Division judges, all appointed by Democratic governors, is a major victory and relief for the former president, whose attorneys had said coming up with the larger bond was a “practical impossibility.” The ruling also means state Attorney General Letitia James’ office cannot yet begin collecting on the judgment. “I greatly respect the decision of the appellate division and I’ll post the $175 million in cash or bonds or security or whatever is necessary very quickly within the 10 days, and I thank the appellate division for acting quickly,” Trump said in… Read more »

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