There have been bonds in excess of $1 billion obtained by other entities, Trump just loves being a victim. He has a hard time getting the bond he needs because his collateral is not liquid. All his properties are leveraged with little liquidity.
Fox News host Eric Shawn fact-checked former President Donald Trump's claim that the $454 million bond he has to pay by Monday is "unprecedented," saying it is "actually not true."
In February, Judge Arthur Engoron ordered Trump to pay $355 million, plus interest, and barred him from doing business in New York for three years after finding him liable for financial fraud in September 2023 in a lawsuit brought on by New York Attorney General Letitia James' office. Trump, the presumed GOP presidential nominee in the 2024 election, has claimed that he has done nothing wrong and that the case is politically motivated against him. He has appealed Engoron's judgment.
Donald Trump Indicates He Doesn't Have the Cash To Pay $400M Bond
Meanwhile, the former president has until Monday to come up with a $454 million bond to stop James from seizing his assets in order to pay Engoron's judgment. Trump has repeatedly slammed the ruling and disparaged the judge himself and James, on his social media platform Truth Social.
"A bond of the size set by the Democrat Club-controlled Judge, in Corrupt, Racist Letitia James' unlawful Witch Hunt, is unConstitutional, un-American, unprecedented, and practically impossible for ANY Company, including one as successful as mine," Trump wrote in a post last Monday.
During an interview with former federal prosecutor Alex Little on Fox News Live on Sunday, Shawn said: "We've also heard there's a lot of talk about this is unprecedented amount of money. This has never happened before. But that's actually not true. This is from Letitia James, the attorney general's own court papers I'm gonna show it to you right now."
A graphic then appeared on the screen listing multiple court cases with bonds at or over $1 billion, including Sony Music Entertainment v. Cox Communications at $1.2 billion, Apple v. Samsung Electronics at $1 billion, Oracle USA v. SAP AG at $1.3 billion, and Carnegie Mellon University v. Marvell Technology Group at $1.5 billion.
Fox News Fact-Checks Donald Trump Bond Claim: 'Actually Not True'
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Fox News host Eric Shawn fact-checked former President Donald Trump's claim that the $454 million bond he has to pay by Monday is "unprecedented," saying it is "actually not true."
In February, Judge Arthur Engoron ordered Trump to pay $355 million, plus interest, and barred him from doing business in New York for three years after finding him liable for financial fraud in September 2023 in a lawsuit brought on by New York Attorney General Letitia James' office. Trump, the presumed GOP presidential nominee in the 2024 election, has claimed that he has done nothing wrong and that the case is politically motivated against him. He has appealed Engoron's judgment.
Donald Trump Indicates He Doesn't Have the Cash To Pay $400M Bond
Meanwhile, the former president has until Monday to come up with a $454 million bond to stop James from seizing his assets in order to pay Engoron's judgment. Trump has repeatedly slammed the ruling and disparaged the judge himself and James, on his social media platform Truth Social.
"A bond of the size set by the Democrat Club-controlled Judge, in Corrupt, Racist Letitia James' unlawful Witch Hunt, is unConstitutional, un-American, unprecedented, and practically impossible for ANY Company, including one as successful as mine," Trump wrote in a post last Monday.
During an interview with former federal prosecutor Alex Little on Fox News Live on Sunday, Shawn said: "We've also heard there's a lot of talk about this is unprecedented amount of money. This has never happened before. But that's actually not true. This is from Letitia James, the attorney general's own court papers I'm gonna show it to you right now."
A graphic then appeared on the screen listing multiple court cases with bonds at or over $1 billion, including Sony Music Entertainment v. Cox Communications at $1.2 billion, Apple v. Samsung Electronics at $1 billion, Oracle USA v. SAP AG at $1.3 billion, and Carnegie Mellon University v. Marvell Technology Group at $1.5 billion.
