Trump's Big Day in Court, Faces Stormy Daniels Case and $454 Million Judgment Threaten Real Estate Empire from new hotel mms fraud Watch Video

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✓ Published: 26-Mar-2024
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Donald Trump began an important day for his legal issues by attacking the judge and prosecutors in his New York fraud trial. He also has a hearing in the Stormy Daniels hush money case. Trump claimed the cases against him are \

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Donald Trump began an important day for his legal issues by attacking the judge and prosecutors in his New York fraud trial. He also has a hearing in the Stormy Daniels hush money case. Trump claimed the cases against him are \
⏲ 0:50 👁 100K
Former President Donald Trump secures a temporary halt to his $454 million civil fraud judgment by posting a $175 million bond within 10 days. This pause shields his assets from seizure by New York state authorities. Trump maintains innocence, denouncing the case as politically motivated. He faces mounting legal expenses amid upcoming criminal trials, including charges related to his 2020 election loss and financial misconduct allegations.<br/> <br/>#DonaldTrump #Trump #NewYorkCivilFraud #Trumpelection #ElectionFraud #NewYorkCourt #JudgeEngoron #Trumpnews #Trump2024 #USnews #Worldnews #Oneindia #Oneindianews <br/>~PR.152~ED.101~GR.122~HT.96~
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Welcome to Fan Reviews News. Merging with Digital World Acquisition Corp, Donald Trump's social media company, Truth Social, now has the green light to become a publicly traded company. This means that everyday investors will be able to buy shares of Truth Social stock once it goes public starting as early as next week. It's important to note that the money won't be available to Donald Trump right away and he would have a hard time dumping the stocks or using it as a guarantee. That means this windfall would not bail him out of the $464 million he owes in the civil fraud judgment. We will keep you updated as this story develops, on Fan Reviews News.
⏲ 0:38 👁 350M
New York Attorney General Letitia James' office argued to the appeals court that they should disregard Donald Trump's claim that he cannot find an insurance company to support his $464 million bond in the civil fraud case. Trump's legal team contends that securing a bond is nearly impossible after 30 insurers have declined without half the bond amount in cash or stock collateral. The AG's office said Trump should try getting insurers to pool funds to underwrite the bond or better explain failed negotiations over real estate collateral.
⏲ 0:50 👁 425K
Trump's finances hinge on a merger of Trump Media & Technology and Digital World Acquisition. The $3.4 billion could help pay Trump's $454 million fraud penalty.
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Donald Trump is facing a cash crunch. He admitted in a court filing on Monday that he does not have enough cash and cannot secure a bond to cover the more than $457 million he owes to New York state after being found liable in a civil fraud case. And his team has reportedly not ruled out declaring bankruptcy via certain entities.<br/><br/>If any of Trump’s companies were to declare bankruptcy, it seems most likely that it would be one tied to 40 Wall Street, his troubled skyscraper in downtown Manhattan. The building looks glamorous–ascending 63 stories above the Financial District, with a copper crown on top–but its finances are not pretty. That fact may not have been clear to New York Attorney General Letitia James when she spoke with ABC News in February about preparing to seize Trump’s assets if he didn’t pay in full. “I look at 40 Wall Street each and every day,” James reportedly said, of the building Trump has run since 1995.<br/><br/>The former president’s debt at the property totals roughly $120 million, and the loan matures in 2025. That means Trump will need to find a new lender or come up with the cash to pay it off at some point next year, shortly after he figures out some way to get his hands on the roughly $540 million he owes in fines and interest resulting from three civil lawsuits.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/zacheverson/2024/03/21/heres-the-trump-building-most-likely-to-go-bankrupt/?sh=754e65d13e04<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 8:14 👁 275K
Several prominent Republican donors rallied to assist former President Donald Trump fund the bond required for a $454 million civil fraud judgment. Trump was at risk of having his assets seized as he struggled to raise funds to cover a bond for a civil fraud judgment. A court ruling allowed Trump to post a reduced bond of $175 million within 10 days, easing the immediate financial pressure. Notable figures such as billionaire John Paulson and oil tycoon Harold Hamm were mentioned as part of the fundraising effort, though the specifics of their involvement were not disclosed. A Trump campaign spokesperson denied any coordinated effort, claiming Trump had sufficient funds to cover the judgment.
⏲ 0:44 👁 240K
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