Former President Donald Trump said Tuesday the high-dollar bond he needs to stiff-arm a business fraud judgment against him could force him to offload his properties at 'fire sale' prices.
Republican presidential candidate and former President Donald Trump speaks at a campaign rally in Rome, Ga., on March 9, 2024. The judge in the Georgia election interference case against Donald Trump and others says Fulton County District Attorney Fani Willis …said Tuesday the high-dollar bond he needs to stiff-arm a business fraud judgment against him could force him to offload his properties at “fire sale” prices.
“A bond requirement of this enormous magnitude — effectively requiring cash reserves approaching $1 billion is unprecedented for a private company,” the attorneys wrote. “Even when it comes to publicly traded companies, courts routinely waive or reduce the bond amount.”isn’t inclined to show mercy. She is expected to ask the courts for permission to seize assets to secure the judgment, including Mr. Trump’s bank accounts or real estate.
“A bond of the size set by the Democrat Club-controlled Judge, in Corrupt, Racist Letitia James’ unlawful Witch Hunt, is unConstitutional, un-American, unprecedented, and practically impossible for ANY Company, including one as successful as mine,” Mr. Trump wrote on social media. “The Bonding Companies have never heard of such a bond, of this size, before, nor do they have the ability to post such a bond, even if they wanted to.
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