Donald Trump just did the “dumbest thing he could’ve done” as he claims he can’t pay his massive New York fraud fine.
The former president took to Truth Social on Friday to brag about his cash reserves.
“I CURRENTLY HAVE ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH,” he boasted.
This is days after his lawyers told an appellate court that he can’t come up with the money for a £354 million ($454 million) bond while he fights the fine in court.
“That is a direct admission by him that he has the money,” said former Watergate prosecutor Nick Ackerman in an interview with CNN, adding that “this is the dumbest thing he could have possibly done.”
READ MORE: Donald Trump ‘could be bought and owned by Putin or Saudis’ after $464m bond
On Monday, Trump’s lawyers said he hasn’t been able to get a bond for the judgment in a motion filed in a New York appellate court.
But with the bill due on Monday, the 11th-hour motion signals that Trump is trying to “cobble together” assets that aren’t easy to liquidate.
“Even to describe that admits to the complexity of that task, and I think in the world of the Trump Organization, there’s a lot of things that are ‘owned,’ but they’re owned in a way that they’re not free and clear,” Cohen says.
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