Trump testified in an April 2023 deposition in the same case that he had substantially in excess of 400 million in cash — but he had already developed a reputation by then for exaggerating his wealth. — AFP picNEW YORK, March 19 — Donald Trump faced having assets seized in a humiliating blow to his carefully cultivated image as a self-made tycoon as his lawyers acknowledged yesterday he doesn’t have the cash to appeal a US$464 million fine for fraudulently inflating his wealth.
His cash crunch raises the possibility that the state of New York could begin seizing the former president’s property as soon as next Monday unless the court — known as the First Department of the Appellate Division — agrees to a delay.“Defendants have faced what have proven to be insurmountable difficulties in obtaining an appeal bond for the full US$464 million,” Trump Organisation general counsel Alan Garten said in a filing to the court.
But his lawyers said the leading bond providers all had internal policies preventing them from accepting real estate as collateral in the fraud case, and many would not exceed limits of US$100 million.
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