Eric Trump is fuming over the fraudulent property valuations judgment in the civil fraud case against his father, former President of the United States.
- Mar 25, 2024
AceShowbiz - Eric Trump has expressed outrage over the $454 million fraudulent property valuations judgment against his father, Donald Trump. He claims that bonds of such magnitude are virtually non-existent in the United States.
Approaching the largest sureties in the world, Eric was met with disbelief and laughter. "They've never seen a bond this size," he told Fox News host Maria Bartiromo. "Top executives of large insurance companies had never seen anything of this size."
Despite Donald Trump's claim to have nearly $500 million in cash, his lawyers have stated that obtaining a surety to protect his assets during the appeal process is "impossible." As a result, New York Attorney General Letitia James could begin seizing Trump's assets, including his bank accounts and property, as early as Tuesday morning, March 26.
Eric Trump alleges that the court's decision was politically motivated, an attempt to prevent his father from running for president. He condemned the "crooked number" of the fine and predicted that voters would return Trump to the White House.
Business executives and politicians have questioned the massive judgment and the short deadline to satisfy it. Kevin O'Leary, host of "Shark Tank", expressed concern about the erosion of property rights and due process. Alexandria Ocasio-Cortez, a progressive Democratic congresswoman, warned of potential political corruption if Trump's assets were not seized.
Trump's legal team is actively pursuing a way to secure the multimillion-dollar bond before the Monday, March 25 deadline. If he fails to do so, his assets could be confiscated, including buildings, residences, and other valuables.
