Legal Experts Criticize Trump's Assertion of Cash to Cover Fraud Judgment

Friday, 22 March 2024, 16:58

Legal experts, including former White House ethics head Norm Eisen, criticized former President Trump for claiming he has almost $500 million in cash to cover a bond in a civil fraud case, calling it 'dumb' and 'the dumbest thing he could have possibly done.' Trump's lawyers have been unsuccessful in securing the required bond amount, potentially putting his assets at risk as the Monday deadline approaches. This situation sheds light on the challenges Trump faces in meeting legal obligations and the scrutiny he is under by legal authorities.

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Legal Experts Criticize Trump's Assertion

Former White House ethics head Norm Eisen and former assistant special Watergate prosecutor Nick Akerman criticized former President Trump for claiming he has almost $500 million in cash to cover a bond in a civil fraud case, calling it 'dumb' and 'the dumbest thing he could have possibly done.'

Legal Challenges and Risks

If Trump fails to meet the deadline, New York Attorney General Letitia James may seize some of his assets, highlighting the significant legal and financial risks he faces.

Difficulties in Securing Bond

Trump's lawyers have struggled to secure the required bond amount, facing challenges as bonding companies are hesitant to back a bond of such magnitude.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.