(C) Daily Kos This story was originally published by Daily Kos and is unaltered. . . . . . . . . . . Donald Trump Has $400Mil in Cash. According to Donald Trump. His Legal Woes R Worse Than I Thought [1] ['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.'] Date: 2024-02-19 Donald Trump now owes over $half a billion (including interest) in jury awards, for his three unsuccessful civil suits. Lawrence O’Donnell has stated that the interest ALONE comes to about $1million PER WEEK. So…….that GoFundMe drive, in which $84,000 was raised on the first day, doesn’t even cover the daily interest he already owes on those damages. So, what now? Well, I keep seeing articles in major publications parroting Trump’s claim that he has $400,000,000 in ready cash. So, I looked up where that number originated from. And…………...it’s all in his mind. But fraudulent financials are why he got sued by Letitia James in the first place. And with 15 bankrupted businesses, a closed “university” with $25mil payout to “students,” a defunct “foundation,” and a corrupt presidency later, he isn’t doing any better financially. Oh, he says he’s never been better. Mar-a-Lago is worth $1.5bil, he says. He could sell it to the Saudis in a NY minute.!11!!!1 Speaking…………..of…………..New York…………… How Trump's 'I'm rich!' boasts are coming back to bite him in court Laura Italiano and Jacob Shamsian and Feb 2, 2024, 5:03 AM EST When seven men and two women put their heads together in a Manhattan federal courthouse last week, to decide how much of Donald Trump's money to give E. Jean Carroll, they had the benefit of guidance from a top expert on the former president's finances. That expert was Donald Trump. The day before awarding Carroll $83.3 million in damages — Trump's penance for calling her a lying "whack job" when she told the world he'd sexually assaulted her — jurors heard, firsthand, how rich he was. In fact, one of the last things Carroll attorney Roberta Kaplan did before resting her defamation case against Trump was to hit play on a video of him bragging about his stacks of cash. It was as good as parading Trump before the jury with a "kick me" sign taped to his back. "We have a lot of cash," Trump boasted in the clip that Carroll's jurors saw last Thursday morning. "I believe we have substantially in excess of $400 million in cash, which is a lot for a developer," Trump bragged, leaning toward the camera from his seat at a conference table. "Developers usually don't have cash," Trump eagerly went on. "We have, I believe, 400 plus, and going up very substantially every month." [...] Not the smartest legal strategy [...] His defense against New York's accusations that he fraudulently inflated his wealth to banks was to insist, under oath and on tape, that his numbers should have been even higher. "You're saying I built up numbers," Trump told state officials in the deposition. "Well, it turned out I didn't because the numbers are much higher than they were." Carroll's verdict needed to hurt — or else it would be pointless And this all happened BEFORE the jury’s decision on his NY fraud trial. Oh, and remember this? Donald Trump Is No Longer One of the 400 Richest Americans: 3 Reasons His Net Worth Has Dropped in 2023 David Nadelle Mon, Oct 23, 2023 “With an estimated $2.6 billion fortune, he is $300 million shy of the cutoff for The Forbes 400 ranking of America’s richest people, the annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list,” Forbes’ Dan Alexander wrote. That was almost 4 months ago. His net worth hasn’t gone in the ↑ direction, since. Let’s see, if you’re worth $2.6bil and you just got whacked with $562mil in judgements, that’s a loss of nearly 21% of your wealth. How much money does Trump owe now? The verdict in the civil fraud trial requires Trump to pay interest on some of the deal profits he has been ordered to give up. New York Attorney General Letitia James, who brought the case, said the interest payments totaled $99 million and would “continue to increase every single day until it is paid.” Between Friday’s ruling and the two judgments in Carroll’s case, Trump would be on the hook for about $542 million in legal judgments. And he’s got debt coming due this year. And nearly a $billion in 2028. He can’t borrow money from any New York State Banks. That’s part of his punishment. And any money he CAN borrow, or gain from asset sales, must be approved by his new best friend, Judge Jones. The monitor who’s been promoted to a three-year term. Justice Engoron did let Trump off the hook as far as rescinding his dissolution of Trump’s corporate entities. But Trump just got switched from a corporate “death penalty” to a corporate life in prison. I just don’t see how he survives three years of non-operation. And he can’t simply move everything to Florida either. In short……. The down-side for the world, is…………. A cornered rat will do anything to survive. And a cornered rat who’s bleeding his wealth, will do even more. But fear not: His NY Hush-money CRIMINAL case begins on March 25th, 2024 Aileen Cannon just gave a thumbs-down on another (BIG) delay in his Documents case. And although his D.C. CRIMINAL case won’t start in March, it will surely be over before the election, and quite possibly before Trump is crowned king of the GOP at their convention in July. They’re already giving over the RNC to him and his daughter-in-law. They’re putting all their eggs in Trumpty Dumpty’s basket Again. Trump hasn’t won anything since November 16th. And he needed Russia and the Director of the FBI to do THAT……….. And………….there’s this Up and coming for Trumpty Dumpty: [END] --- [1] Url: https://www.dailykos.com/stories/2024/2/19/2224342/-Donald-Trump-Has-400Mil-in-Cash-According-to-Donald-Trump-His-Legal-Woes-R-Worse-Than-You-Think?pm_campaign=front_page&pm_source=trending&pm_medium=web Published and (C) by Daily Kos Content appears here under this condition or license: Site content may be used for any purpose without permission unless otherwise specified. via Magical.Fish Gopher News Feeds: gopher://magical.fish/1/feeds/news/dailykos/