The Republican presidential candidate denies alleged financial issues amid rumors that he is unable to gather money to cover the multi-million dollar bond in civil fraud case.
- Mar 22, 2024
AceShowbiz - Former President Donald Trump has vehemently denied allegations of financial instability, despite facing difficulty in securing a $464 million bond to appeal a civil fraud judgment. On Friday, March 22, Trump took to his social media platform, Truth Social, to proclaim his financial well-being.
"I CURRENTLY HAVE ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH," Trump wrote. "I INTENDED TO USE A SUBSTANTIAL AMOUNT OF IT IN MY CAMPAIGN FOR PRESIDENT."
However, New York Attorney General Letitia James, who initiated the fraud lawsuit, has threatened to seize Trump's properties if he fails to post the bond. In response, Trump accused the judge overseeing the case of being politically biased and claimed the excessive bond was an attempt to hinder his political aspirations.
"I DID NOTHING WRONG EXCEPT WIN AN ELECTION IN 2016 THAT I WASN’T EXPECTED TO WIN, DID EVEN BETTER IN 2020, AND NOW LEAD, BY A LOT, IN 2024," Trump asserted. He equated the situation to "COMMUNISM IN AMERICA."
Despite his claims of wealth, Trump has encountered financial setbacks in recent months. In addition to the fraud lawsuit, he is facing a criminal investigation related to the Capitol riot and is reportedly in talks with banks to restructure $1 billion in debt.
