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21 March, 2024

Inflated Egos, Deflated Assets: Trump’s Bond Crisis Mapped

icon Fraud case,Inflated assets,Trump properties
Trump inflated property values

Trump says he can't foot $456M appeal bond in NY fraud case - Business Insider

"Trump and his company committed fraud by overstating the value of their assets, a New York judge ruled, siding with state Attorney General Letitia James in her wide-ranging suit against the former president and the Trump Organization. Forbes

Where are Trump's properties in NY? How much did Trump inflate their values by? How much money flowed into the properties from Russians? Check for yourself with this map.

Trump New York properties

Inflated the value of Trump Organization assets

"James sued Trump, the Trump Organization and his business associates—including Trump’s children—for fraud, alleging in civil court the ex-president made hundreds of false statements that inflated the value of Trump Organization assets to boost his net worth and obtain more favorable business deals." - Forbes

"As the fate of the Trump Organization hangs in the balance, so too does the ownership of some of New York’s most prominent properties. New York Attorney General Letitia James sought to have the company’s business certificates when she filed her civil lawsuit against Donald Trump and his real estate business last year. - NY Times

Trump says he can't pay bond

"Trump cannot afford to post an appeal bond covering the $456 million he owes New York state from the civil fraud judgment, his lawyers said in a court filing. The filing said Trump had just one week to secure the $1 billion in cash reserves needed to persuade a company to write a $464 million bond to cover the judgments for the former president and his three fraud-trial co-defendants." - Business Insider

"Trump cannot afford to post an appeal bond covering the $456 million he owes New York state from last month's civil fraud judgment, his lawyers said in a court filing. The filing said Trump had just one week to secure the $1 billion in cash reserves needed to persuade a company to write a $464 million bond to cover the judgments for the former president and his three fraud-trial co- defendants." - Business Insider

Russian money behind Trump properties

"Russian elite invested nearly $100 million in Trump buildings. 63 individuals with Russian passports or addresses have bought at least $98.4 million worth of property in seven Trump-branded luxury towers in southern Florida. The buyers include politically connected businessmen, such as a former executive in a Moscow-based state-run construction firm that works on military and intelligence facilities..." -  Reuters

TakeAway: No one is above the law. Hold Trump accountable.

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DISCLAIMER: ALTHOUGH THE DATA FOUND IN THIS BLOG AND INFOGRAPHIC HAS BEEN PRODUCED AND PROCESSED FROM SOURCES BELIEVED TO BE RELIABLE, NO WARRANTY EXPRESSED OR IMPLIED CAN BE MADE REGARDING THE ACCURACY, COMPLETENESS, LEGALITY OR RELIABILITY OF ANY SUCH INFORMATION. THIS DISCLAIMER APPLIES TO ANY USES OF THE INFORMATION WHETHER ISOLATED OR AGGREGATE USES THEREOF.

References

These are Trump’s NY properties endangered by judge’s ruling - The Real Deal
Trump Committed Fraud By Inflating His Assets, Judge Rules - Forbes
Donald Trump: Threatening Courts and Undermining Justice - Common Cause


Trump turns to Paul Manafort in attempt to raise money to pay bond

Trump says he cannot pay bond in his civil fraud case over inflated assets

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