Trump Forced To Liquidate His Assets?

Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

(TargetLiberty.org) – Former President Donald Trump’s ex-fixer has argued that following the recent verdict in the New York fraud trial that Trump would need to start considering possible liquidating his assets. 

During an interview on MSNBC’s “Velshi” with host Ali Velshi, Michael Cohen argued that Trump would need to start liquidating assets. He further claimed that Trump “enormous” amounts of money in legal fees as a result of the cases against him, and that he did not have the funds in question. During Saturday’s interview, he added that regardless of what anyone says Trump did not have $400 million on hand unless he could show a bank account with that amount. 

These remarks came after Judge Arthur Engoron determined that Trump would be required to pay close to $355 million in penalties on Friday for deflating and inflating his business assets to receive access to more beneficial business deals. The judge had determined that Trump and his business had been liable for fraud before the start of the trial. 

The case against Trump was brought forward by Letitia James, the New York Attorney General , who first filed the lawsuit in 2022 against the former President. 

Apart from the fine he is required to pay, Trump has also been banned from holding a top executive position in the state for the next three years. 

A different New York Judge ruled that Trump would be required to pay an $83.3 million fine to columnist E. Jean Carroll for having defamed her following her allegations of sexual abuse. Trump was also found liable for sexual battery in this case.

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