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☆ 'Shark Tank' host Kevin O'Leary says Trump losing his assets would deal 'collateral damage to the American brand'
▼ + stars: | 2024-03-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Kevin O'Leary said the threat of Donald Trump losing his New York assets is spooking investors. Speaking on Fox News on Friday, O'Leary said Trump should've been given more time to scrape up his $454 million bond. O'Leary said the idea that Trump's assets can be seized on such short notice has undermined the "American brand." AdvertisementEarlier this month, the former president successfully paid a $92 million bond as part of E. Jean Carroll's defamation case against him. Representatives for O'Leary, James' office, and Trump's campaign did not immediately respond to requests for comment sent outside regular hours by Business Insider.

Persons: Kevin O'Leary, Donald Trump, O'Leary, Trump, —, Letitia James, Donald Trump's, Laura Ingraham, Ingraham, " O'Leary, Judge Arthur Engoron, James, Justin Trudeau, who's, Trump's, Jean Carroll's Organizations: New, Fox News, Service, Conservative Party, United, Trump, Twitter, Business Locations: New York, American, York, America, Canadian, Canada, Ireland, United Arab Emirates, Westchester County

☆ Trump is just 3 weeks from becoming the first ex-president to go on trial
▼ + stars: | 2024-03-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Yet the moment that history is likely to remember most clearly unfolded in a Manhattan courtroom where Trump sat seething as a judge thwarted his latest delaying tactics and set a date for his hush money trial. Of course, it’s also possible that Trump could be acquitted in this criminal case. It is a mark of the depth of Trump’s legal hole that a reduced requirement to post a bond worth $175 million counts as a big win. Already clashing with another judgeTurning to Judge Juan Merchan, who took the gloss off of the ex-president’s day by scheduling the trial date, Trump issued another bitter complaint. Trump’s looming criminal trial presents a challenge and an opportunity for the Biden campaign.

Persons: Donald Trump staved, Trump, it’s, Stormy Daniels, isn’t, ” Trump, ”, he’d, he’ll, Arthur Engoron, Letitia James, “, Juan Merchan, Attorney Alvin Bragg, ” Ryan Goodman, CNN’s Erica Hill, Jack, Fani Willis, Willis, Aileen Cannon, Biden, Nikki Haley, she’s, Joe Biden, Trump’s, “ Donald Trump, James Singer, Donald Trump, –, Merchan, ” Merchan Organizations: CNN, Trump, New York, ”, Manhattan, Attorney, Department of Defense, Fulton, GOP, South Carolina Gov, Biden, Arab American, Israel, Engoron, Monday Locations: Manhattan, New York, Fulton County, Georgia, Lago, Florida, Trump, Atlanta, Michigan, Gaza, York

☆ Opinion: Trump’s facing a legal one-two punch
▼ + stars: | 2024-03-25 | by ( Opinion Norman Eisen | Andrew Warren | ) edition.cnn.com time to read: +9 min

CNN —Contrary to the popular view that former President Donald Trump has successfully delayed accountability, this week he’s facing a one-two punch that has the potential to inflict lasting damage. Some say that this case, too, serves as an example of Trump’s success at delaying prosecution against him. On March 18, Trump’s lawyers told the court that it was a “practical impossibility” to secure such a large bond. The bottom line, however, is that the New York attorney general is likely going to continue putting liens on Trump’s properties. Whatever delays may be present in those jurisdictions, or in Florida’s Mar-a-Lago documents case, in New York the former president is facing serious hits.

Persons: Norman Eisen, Barack Obama’s, Andrew Warren, Donald Trump, Attorney Alvin Bragg, Letitia James, Norm Eisen, Bragg, Trump, Stormy Daniels, Daniels, Michael Cohen, –, Cohen, SDNY, Judge Juan Merchan, Donald , Jr, Eric, Judge Arthur Engoron, James, general’s Organizations: CNN, US Department of Justice, New, Manhattan, Attorney, New York, Trump, Andrew Warren State, US, Office, Southern, of, Trump Organization, Seven, NY, DC Locations: Hillsborough County , Florida, New York, of New York, Westchester County , NY, Springs, Manhattan, New York City, Saudi Arabia, Russia, Georgia, Florida’s Mar

☆ Biden campaign's latest broadside: A 'feeble' Trump is 'lying about having money'
▼ + stars: | 2024-03-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

A court ruling that slashed Donald Trump's civil fraud appeal bond was a financial win for the former president. But the campaign of his rival, President Joe Biden, found a way to capitalize on the news. "Donald Trump is weak and desperate – both as a man and a candidate for President," the Biden campaign said in a searing statement Monday afternoon. "He spent the weekend golfing, the morning comparing himself to Jesus, and the afternoon lying about having money he definitely doesn't have," said Biden campaign spokesman James Singer, in response to a Trump press conference earlier in the day. Trump campaign spokesmen did not immediately respond to CNBC's request for comment.

Persons: Donald Trump, Donald Trump's, Joe Biden, Biden, Jesus, James Singer, Singer, Trump, Letitia James Organizations: U.S, Trump, New York Locations: New York City, U.S, Manhattan, New York

☆ Opinion: Trump catches a bond break, and maybe Democrats do, too
▼ + stars: | 2024-03-25 | by ( Opinion W. James Antle Iii | ) edition.cnn.com time to read: +7 min

The action may also spare Democrats backlash from voters who would be incensed at the potential seizure of Trump’s assets. W. James Antle III Courtesy W. James Antle IIITrump became an A-list celebrity as a symbol of extreme, almost gaudy wealth. The New York civil fraud case raises questions about how Trump acquired much of his wealth in the first place. My inbox is filled with fundraising appeals asking donors to help stop James from taking Trump Tower. If so, Trump could once again turn a legal and personal setback into a political windfall.

Persons: James Antle III, Donald Trump, James Antle, James Antle III Trump, Trump, stoked, Letitia James, Republican nominee’s, James, isn’t, ”, Ruth Marcus, “, Cenk Uygur Organizations: Washington Examiner, CNN, White, The New, Republican, Republican Party, Democratic, New, Associated Press, GOP, Trump, Trump’s, Washington Post, Turks Locations: The New York, New York, Trump’s New York, Washington, York

Read previewAn appellate court decision reducing former President Donald Trump's bond to $175 million was a win for the former president — and certainly a rare one, according to legal experts. But the former president was tossed a last-minute lifeline Monday when an appeals court ordered a whopping 62% reduction in the size of the bond. AdvertisementIn that time, he's only heard of roughly a couple dozen instances when a New York appeals court reduced an appeal bond — and those involved far lower judgments. While the lowered bond buys Trump time, he'll still owe the entire sum if he loses on appeal. As part of Monday's decision, Trump is required to file a full appeal argument in time for the court's September 2024 session.

Persons: —, Donald Trump's, Trump, Neil Pedersen, Pedersen, he's, Letitia James, Eric Snyder, Wilk Auslander, Snyder, he'll, Arthur Engoron, Engoron Organizations: Service, Business, Sons, New York, Trump, New, Trump Organization Locations: York, New York, he'll

☆ Trump New York fraud bond cut to $175 million in appeal from $454 million
▼ + stars: | 2024-03-25 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A New York appeals court on Monday paused for 10 days a massive civil fraud judgment against former President Donald Trump, and sharply reduced to $175 million the bond amount he would have to post to obtain a longer stay of that damage award. The ruling came the same day that New York Attorney General Letitia James would have been allowed to start seizing Trump's real estate and bank accounts to satisfy the $454 million-and-rising business fraud judgment in the case. Because of the size of the fraud judgment, the companies insisted that Trump show "cash reserves approaching $1 billion," according to his lawyers. But neither Trump nor the Trump Organization company has that amount of cash on hand, the filing said. The order also stayed Engoron's judge's ruling that had barred Trump's sons, Donald Trump Jr. and Eric Trump, from serving as officers and directors of New York companies for two years.

Persons: Donald Trump, Letitia James, James, Trump, Arthur Enfgoron's, Donald Trump Jr, Eric Trump Organizations: Manhattan Criminal, New York, Trump Organization, Trump, Manhattan, New Locations: New York City, York, New York

☆ Trump attends major hush money case hearing as he seeks trial delay
▼ + stars: | 2024-03-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

A combination photo shows adult film actress Stephanie Clifford, also known as Stormy Daniels speaking in New York City, and then- U.S. President Donald Trump speaking in Washington, Michigan, U.S. on April 16, 2018 and April 28, 2018 respectively. Donald Trump is attending a New York court hearing where his lawyers will try to push off his trial date on charges of falsifying business records in a scheme to silence women who say they had affairs with him. It's a hoax," Trump told reporters as he walked into the courtroom in Manhattan Supreme Court. Trump's attorneys have asked Judge Juan Merchan to either dismiss Bragg's indictment entirely or delay the trial for at least 90 days. Merchan is expected to set a new trial date during or following Monday's court proceedings.

Persons: Stephanie Clifford, Stormy Daniels, Donald Trump, Trump, Attorney Alvin Bragg, Judge Juan Merchan, Merchan, Letitia James Organizations: New, Manhattan, Attorney, Trump, New York Locations: New York City, Washington , Michigan, U.S, New York, Manhattan, New

☆ Fact check: Trump repeats baseless claims about Biden orchestrating his trials
▼ + stars: | 2024-03-25 | by ( Daniel Dale | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump repeated some familiar baseless claims in remarks on Monday after major developments in two of his New York legal cases. Colangelo and Bragg knew each other before Bragg was elected Manhattan district attorney. The lawsuit emerged from an investigation she began in 2019, roughly two years before Biden succeeded Trump as president. Colangelo served as acting associate attorney general in the first months of the Biden administration in early 2021 and then as principal deputy associate attorney general. As acting associate attorney general, he was third in command of the department – never the top official there, as Trump has previously claimed.

Persons: Donald Trump, Trump, Matthew Colangelo, Attorney Alvin Bragg, “, Joe Biden, Biden, Bragg, Letitia James, Colangelo, Biden James, Jack Smith, Smith, General Merrick Garland, Garland, – Organizations: CNN, Biden, Department, Manhattan, Attorney, Trump, New York, federal Justice Department, DC, Justice Department Locations: York, Manhattan, Fulton County , Georgia, New York , Georgia, Florida, Washington

☆ Letitia James likely won't see a dime of Trump's fraud judgment until after Election Day — and by then he'll owe nearly $29M more
▼ + stars: | 2024-03-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

That makes it unlikely he'll have exhausted his appeals by Election Day, a former assistant AG said. AdvertisementThere's now pretty much no chance Donald Trump's New York civil fraud case will be resolved by Election Day, a former assistant state attorney general told Business Insider. AdvertisementThat timing means there's no way Trump's appeals will be exhausted by Election Day, says Kenneth Foard McCallion, a former New York assistant attorney general. By Election Day, the original $454 million judgment against Trump will have accrued more than $28.6 million in additional interest. He argues many cases at the appeals court, which covers Manhattan and the Bronx.

Persons: Trump, —, Donald Trump's, Kenneth Foard McCallion, McCallion, they've, Letitia James, Donald J Organizations: NY, Trump, Service, Business, Manhattan's, Department, McCallion, Associates, First Department, New Locations: York, Manhattan, New York

Seizing assets is a common legal option when someone doesn’t have the cash to pay a civil court penalty. In Trump’s case, potential targets could include such properties as his Trump Tower penthouse, aircraft, Wall Street office building or golf courses. Trump maintained on social media Friday that he has almost $500 million in cash but intends to use much of it on his presidential run. Engoron sided with the attorney general and ordered Trump to pay $355 million, plus interest that grows daily. Some co-defendants, including his sons and company executive vice presidents, Donald Trump Jr. and Eric Trump, were ordered to pay far smaller amounts.

Persons: Donald Trump, Letitia James, James, Trump, doesn’t, Arthur Engoron, Stewart Sterk, ”, Engoron, Donald Trump Jr, Eric Trump, what's, wouldn't Organizations: Trump, ABC, Cardozo School of Law, New, underwriters Locations: New York

☆ Donald Trump is just hours away from a $457 million deadline
▼ + stars: | 2024-03-25 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

Donald Trump faces a Monday deadline for paying a bond to New York state. The payment follows last month's verdict that Trump and his company inflated the value of assets. The NY attorney general may move to seize Trump's assets if he fails to pay in time. AdvertisementDonald Trump is hours away from a deadline to pay a $457 million bond to New York Attorney General Letitia James . Trump's debt rises daily by $111,984 in interest , meaning he owes New York state another $1 million every nine days.

Persons: Donald Trump, Trump, —, Letitia James, Judge Arthur Engoron Organizations: NY, Service, New York, Trump Organization, New York Times Locations: New York, New

Before noon, Merchan had already dismissed the allegations from Trump’s attorneys, ruling there were no violations and that the trial will begin with jury selection on April 15. Trump faced a Monday deadline to post bond or else New York Attorney General Letitia James could have begun the process of seizing his property. ‘It will be my honor to post,’ Trump saysTrump didn’t speak inside the courtroom Wednesday, but he still had plenty of chances to make his views of Monday’s developments known. In the other three, he may yet be successful, though the New York trial is now set to begin in three weeks. Immediately after Merchan’s decision to start the hush money trial next month, Trump’s attorneys sought another way to push back the start of the trial.

Persons: Donald Trump, Juan Merchan, Trump, Michael Cohen, Trump’s, Merchan, Attorney Alvin Bragg, reimbursements, Cohen, Stormy Daniels, Letitia James, Jean Carroll, staving, James, ’ Trump, ” Trump, ”, …, “, ” Merchan, Bragg’s, Todd Blanche —, Blanche, Daniels Organizations: CNN, Trump, Manhattan, Attorney’s Office, US, Office, Southern, of, Attorney, New, FBI Locations: New York, York, of New York

☆ Here’s what happens if Trump can’t get a $464 million bond
▼ + stars: | 2024-03-24 | by ( Mark Morales | ) edition.cnn.com time to read: +8 min

Trump personally owes over $454 million stemming from the ruling made by Judge Arthur Engoron back in February. Here’s what happens if Trump can’t secure the bond:Seizing bank accounts and cashIn theory, officials can begin the complicated legal process of taking his assets, barring any other strategic legal maneuvering from state prosecutors and countering from Trump’s legal team. “They walk in and give it to the manager,” said Adam Pollock, a former assistant New York State Attorney General who now specializes in judgment enforcement at Pollock Cohen LLP. “The attorney general’s office is the largest firm in New York State, if you think about it as a law firm. That is really the end of the day, I think, for the Trump organization in New York,” Litman said.

Persons: Donald Trump’s, Trump, Judge Arthur Engoron, Eric, Donald Jr, Letitia James, they’ll, ”, Peter Katz, Marshall, Adam Pollock, Pollock Cohen, “, “ They’re, Alden B, Smith, Pollock, Pollack, ” Pollock, ” Smith, Tish James, Harry Litman, “ That’s, James “, ” Trump, Chris Kise, ” Kise, Jean Carroll, Litman, ” Litman Organizations: CNN, New York Attorney, Trump Organization, Eastern, of, New, New York City Sheriff, New York, Springs ., New York State, “, Trump Locations: York, New York City, New York, Westchester County, Briarcliff Manor, Springs, Lago, Florida, Mar

☆ Opinion: Trump’s image is on the line
▼ + stars: | 2024-03-24 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. … Deals are my art form.”Having a lot of money distinguished him from other presidential candidates, Trump contended. ‘I don’t need anybody’s money,’ Trump said in his June 2015 presidential campaign announcement.”“Now Trump needs money, a lot of it. In July 2006, she met Trump at a celebrity golf tournament and says that the two had sex that weekend. “Whatever the Fifth Circuit and Supreme Court decide next, the question for President Joe Biden is what to do now,” wrote Lawrence Downes.

Persons: Charles Dickens, “ David Copperfield, Micawber, ” Micawber, “, Dickens, Donald Trump, Letitia James, Trump, he’ll, ”, Tony Schwartz, I’ve, Frida Ghitis, ’ Trump, … Dana Summers, Joe Biden’s, Julian Zelizer, Biden’s, ” Bill Bramhall, Stormy Daniels, Peacock, Ana Marie Cox, Daniels, she’s, Peter Navarro, He’s, Mike Johnson, Kevin McCarthy, House Republicans —, Matt Gaetz ’, Marjorie Taylor Greene, Johnson, Clay Jones, Paul Sracic, Fareed Zakaria, Biden, Peter Bergen, Bashar al, Assad, ” Bergen, Vladimir Putin, Richard Aboulafia, ” David Horsey, Joann, Lynda Gorov, it’s, ” Kate Middleton’s, Princess, Wales, Sara Stewart, Kate, that’s, she’ll, Joe Biden, Lawrence Downes, “ Biden, Greg, Abbott, ’, ” Downes, Trump’s, Jared Kushner, Kushner, Donald Trump’s, Aseel Mousa, Drew Sheneman, Max Besbris, ” Besbris, Linda Thomas, Greenfield, Thomas, Eleanor Roosevelt, ‘, ” Don’t, Grace Elizabeth Hale, Elizabeth Yuko, Avi Weiss, Jennifer Jones, Jill Filipovic, Christine Blasey Ford Derrick Johnson, Peter Rutland, Holly Thomas, Lily Allen, Mary Ziegler, Lanhee Chen, Steve Garvey, Adam Schiff, Patricia Grisafi, Caitlin Clark Walt Handelsman, Caitlin Clark, Amy Bass, Kamilla Cardoso, UCLA’s Kiki Rice, ’ ” Clark, Bass, Pete ’ Maravich, Court, Serena Williams, Clark, Maravich …, — Organizations: CNN, New, Trump, Agency, Twitter, Save, Maga Inc, Biden, Content Agency Trump, House Republicans, Rep, Ohio GOP, Russia ISIS, ISIS, Boeing, Airbus, Crafts, Boys, BBC Studios, Circuit, Texas Gov, Abbott, of Justice, Texans, Harvard, National Association of Realtors, United Nations, “, University of Iowa, ESPN, Iowa Hawkeyes, NCAA Division Locations: Save America, New York, Baton Rouge , Louisiana, Ohio, Russia, Moscow, Iraq, Syria, Syrian, “, Iran, Afghanistan, ”, Ukrainian, Windsor, ” Texas, Texas, Gaza, Southern, Rafah, Egypt, Israel, Gaza City, Al, Grace Elizabeth Hale : Mississippi, ‘, California

☆ Trump's lawyers dance for him when he's in the courtroom. At a criminal trial, that could torpedo his chances of winning.
▼ + stars: | 2024-03-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +15 min

And at a criminal trial, causing a ruckus can bring its own consequences. In a criminal trial, Trump, along with his eager-to-please lawyers, must attend every day. he quipped in response to an argument from one of Trump's lawyers. Technically, Trump faces a maximum of four years in prison for each count he's charged with in his criminal case. The criminal trial will give Trump a chance to hold multiple campaign-boosting rallies before the hallway cameras each day.

Persons: —, Donald Trump, they're, Trump, he's, Jean Carroll, Juan Merchan, Carroll, Roberta Kaplan, Carroll's, Arthur Engoron, shrewdly, TIMOTHY A, CLARY, Stormy Daniels, Melania Trump, Kaplan, Eliza Orlins, Orlins, there's, Susan Necheles, Steven Hirsch, Maggie Haberman's, huff, Lewis Kaplan, Alina Habba, Randy Zelin, they've, Engoron, Letitia James of, York —, Kaplan quizzed, Merchan, He's, Donald Trump's, Seth Wenig Merchan, Prosecutors, Zelin, OJ, I'm Organizations: Service, Secret Service, Business, Trump, New York, sophistry, Attorneys, Getty, Manhattan Criminal, Trump Organization, New York Times, Truth, New, AP, Merchan Locations: Manhattan, New York, New York City, Brooklyn, York, America, U.S, Trump

☆ Trump Will Face His Greatest Fears as Two Legal Threats Coincide Monday
▼ + stars: | 2024-03-24 | by ( Maggie Haberman | Ben Protess | ) www.nytimes.com time to read: +1 min

Donald J. Trump is expected to spend his Monday morning in the courtroom of a New York judge who might soon preside over his criminal trial and, ultimately, throw him behind bars. And that’s not even the legal predicament that worries Mr. Trump most that day. To avoid a mortal threat to the Trump Organization, Mr. Trump must persuade another company to post a bond on his behalf, promising that it will cover the judgment if he loses a pending appeal and fails to pay. Unless Mr. Trump strikes an 11th-hour deal, Ms. James could freeze his bank accounts, and begin the long and complicated process of seizing some of his properties. And barring Mr. Trump’s lawyers achieving an improbable legal triumph, the judge in his criminal case could set a trial date for as soon as next month.

Persons: Donald J, Trump, —, Letitia James, James Organizations: New, Trump Organization, Mr Locations: New York, Manhattan

☆ Why this is a wild week for Trump even by his standards
▼ + stars: | 2024-03-24 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

But exemplifying the roller-coaster nature of his public career, Trump is also soon poised for a massive financial windfall. The case, related to payment to an adult film star ahead of the 2016 election, could lead to Trump being a convicted felon by November’s election. His legal team said last week the bond amount was a “practical impossibility” for Trump, whose wealth is tied up in skyscrapers and golf resorts. Trump’s legal team has also said he shouldn’t be required to sell assets to meet the deadline since doing so would create a fire sale devastating to his business. The White House has done its best not to comment on the case, to avoid giving Trump more political ammunition.

Persons: Donald Trump’s, impeachments, Trump, he’s, Joe Biden, It’s, Letitia James, Jean Carroll, James, subpoenaing Trump, –, litigator Mitchell Epner, ” Epner, Fredricka Whitfield, Biden, Arthur Engoron, ” Trump, Alexandria Ocasio, Cortez, Donald Trump, Juan Merchan, Michael Cohen, Trump’s, there’s Organizations: CNN, Trump, Republican Party, Trump Organization, New York, New, Biden White, , New York, Republican, ”, The New, The New York Democrat, Trump Media, Technology Group, Southern, of, White Locations: New York, Manhattan, Westchester County , New York, ,, Alexandria, “ State, The New York, of New York, Lago, America

☆ As Trump's $454 million fraud judgment deadline looms, son Eric gripes 'they want to bankrupt him'
▼ + stars: | 2024-03-24 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

"They're trying to deprive him of his cash, they want to bankrupt him, they want to hurt him so badly," Eric Trump told Fox News in an interview. Trump's son Eric, a co-defendant in the fraud case, accused Attorney General Letitia James on Sunday of trying to bankrupt his father with the judgment. Eric's complaint came days after news that James's office had registered the massive fraud judgment with the Westchester County, New York, county clerk's office. Donald Trump Jr. and Eric Trump have run their father's company since he was elected president in 2016. Losers in New York civil cases must routinely post an appeal bond or be liable for the judgments against them as they appeal a verdict.

Persons: Donald Trump, Morton, Barbara Mandel, Eric Trump, Donald Trump's, James, Eric, Letitia James, Donald Trump Jr, Arthur Engoron, Trump, Engoron Organizations: U.S, Center, Fox News, Trump Organization, Trump Locations: Palm Beach , Florida, York, Westchester County , New York, Trump's, Springs, Manhattan, New York

☆ Trump stares down first derailment of his campaign-to-courthouse strategy
▼ + stars: | 2024-03-23 | by ( Phil Mattingly | ) edition.cnn.com time to read: +11 min

Yet even if the higher-end estimate is accurate, as Trump’s lawyers have made clear in sober, detailed filings, it wouldn’t be enough. And at least some of the money Trump does have is tied up in loan agreements that include terms requiring him to have tens of millions of dollars in cash on hand. One insurer, Chubb, underwrote a $91.63 million bond just two weeks ago in another Trump legal loss – E. Jean Carroll’s defamation case. In the past week, the insurer informed Trump’s team it could not accept property as collateral. In total, 30 insurers contacted by Trump’s team declined to pursue the effort to secure a bond.

Persons: Donald Trump’s, Letitia James, Trump, It’s, ”, –, James ’, “, Trump’s, Joe Biden’s, Biden, haven’t, SSRS, “ He’s, mused, Chubb, underwrote, Jean Carroll’s, ” Trump, Charlie Rose, “ You’re, I’m, ” Biden, ‘ Mr, ‘ Donald, ’ Organizations: CNN, New, White, New York, Trump, Republican, House, GOP, Senate, Capitol, Biden, Trump’s, Trump Media, Technology Group, Truth Locations: New York, York, Westchester County, Manhattan, Pennsylvania, Michigan, Dallas

☆ Going once, going twice: How Trump's cash and properties would be garnished and auctioned to pay his NY fraud debt
▼ + stars: | 2024-03-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

AG Letitia James plans to go after Trump's cash and property if he doesn't pay his civil fraud debt. Is the ball in Letitia James' court? "The burden is on Letitia James to find Trump's assets" and decide what she wants garnished or auctioned, he said. D'Orazio predicts James would first target the cash that Trump and the Trump Organization keep in New York-registered bank accounts. He would then remit $95 million to the Attorney General's Office, and that would go toward paying Trump's judgment.

Persons: Letitia James, —, padlocks, Donald Trump's, Trump, James, Bernard D'Orazio, D'Orazio, — James, Mark, we're, doesn't, It's, she'll, Arthur Engoron, Jeff Greenberg, — Trump Organizations: Service, Trump, Trump Plaza, New, Social, Trump —, GOP, AP, Trump Organization, Radio City Music Hall, Forbes, New York, Fire Locations: New York, New York City, Manhattan, New, Westchester County, Trump, Americas

☆ The last time a Trump company went public it didn't go well for investors
▼ + stars: | 2024-03-23 | by ( Dareh Gregorian | ) www.cnbc.com time to read: +4 min

The newly merged company that's set to go public, Trump Media, will be listed on the Nasdaq stock exchange with the letters DJT, Trump's initials. In the initial public offering, the company raised $140 million, selling 10 million shares at $14 each. He also used company cash to buy Trump-branded merchandise, including $1.2 million on Trump Ice bottled water, the report said. Under the merged company, Trump would have nearly 80 million shares, worth around $3 billion. It's unclear when exactly Trump would be able to cash in on the upcoming listing for his social media company.

Persons: Ina, Revel, Wayne Parry, Donald Trump's, Trump, Jean Carroll's, Letitia James, doesn't, James, Donald Trump Jr, — CNBC's Dan Mangan Organizations: Taj, Atlantic City, Trump, Casino Resorts —, Trump Media, Nasdaq, Trump Hotels, Casino Resorts, New York Times, New York Stock Exchange, CNBC, The Washington Post, Social, Shareholders, Corp, Trump Media & Technology Group, New York Locations: Atlantic City, Washington, Atlantic City , New Jersey, —

18-22 View All 11 ImagesMeanwhile, Trump's campaign – and the national Republican Party – are having cash problems of their own. President Joe Biden's campaign raised $21.3 million in February – almost twice the $10.9 million Trump's campaign raised during the same period, according to filing with the Federal Election Commission. The Democratic National Committee also outraised its counterpart, with the Democratic group pulling in $16.6 million in February, compared to the $10.7 million the Republican National Committee raised in the same period. The amounts for both parties and candidates do not include money raised by outside groups or coordinated committees on behalf of each candidate. Big donors might be reluctant to contribute money to a Trump or GOP committee if they think it will go to pay Trump's private legal bills.

Persons: Donald Trump, Trump, boastful Trump, Letitia James, –, Republican Party –, Joe Biden's, Richard Lau, Lau, Biden, “, I’m, ” Biden, Donald, ’, it's, Sarah Bryner, Bryner, Donald Trump Jr Organizations: Republican National Committee, Republicans, Republican Party, Federal, Commission, Democrat, Trump, Democratic National Committee, Democratic, Save America PAC, RNC, Republican, GOP, Rutgers University, Biden –, Responsive, Trump Media, Acquisition Corporation Locations: New York, Dallas

☆ Opinion: The cracks are beginning to show in Trump’s campaign finances
▼ + stars: | 2024-03-22 | by ( Julian Zelizer | ) edition.cnn.com time to read: +5 min

CNN —Former President Donald Trump is starting to struggle under the weight of multiple legal cases against him. His leadership political action committee, Save America, spent nearly $5.6 million in legal fees in February alone. And while the super PAC Maga Inc. has refunded nearly all of that money, that’s money that could have been used for Trump’s campaign. According to recent Federal Election Commission filings, the president had $71 million in available cash in his principal campaign account at the end of February, compared to Trump’s campaign, which reported $33.5 million. It’s likely that big-ticket supporters would rather back a campaign for the next president than fund a collective bailout.

Persons: Julian Zelizer, Donald Trump, Trump, Joe Biden, Biden’s, Jean Carroll, Letitia James, Biden Organizations: CNN, Princeton University, The New York Times, America, Trump, Save, Maga Inc, Biden, New, Republican National Committee, Trump Media, Trump Media & Technology Group Locations: Save America, America, New York

☆ Trump social media company will go public as DWAC shareholders approve merger
▼ + stars: | 2024-03-22 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Shareholders in Digital World Acquisition Corp. voted Friday to approve a merger with Donald Trump's social media company, a deal that could net the former president an eventual windfall of $3 billion or more. The vote by DWAC shareholders comes about 2½ years after the so-called special purpose acquisition company announced plans to merge with Trump Media & Technology Group, the private firm that owns the Truth Social app platform. Shares in the newly combined company, Trump Media, could begin to be publicly traded next week under the stock symbol DJT, Trump's initials. The value of Trump's shares in the merged company would be affected by any decline in DWAC's share price.

Persons: Donald Trump, Donald Trump's, Letitia James Organizations: Corp, Trump Media & Technology Group, Trump, New York, Trump Media Locations: Washington ,

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