Fox News hostĀ Mark LevinĀ has called out billionaires for not payingĀ Donald Trumpās legal bills after the former presidentās legal team said paying his $400 millionĀ New York civil fraud penaltyĀ would be āa practical impossibility.ā
Trump is seeking a bond of $464 million to cover his fines and a stay in the execution of the monetary portion of the civil trial ruling after JudgeĀ Arthur EngoronĀ ruled in February that Trump must pay $355 million for committing fraud. The New York court held that Trump and top executives at The Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers. With interest, the full payment will be roughly $454 million. Trumpās lawyers are appealing the verdict.
On Monday, theĀ RepublicanĀ suffered a setback after Trumpās legal team admitted in a court filing that it is aĀ āpractical impossibilityāĀ for him to make the $464 million payment and requested a stay pending the outcome of an appeal process. His team had contactedĀ 33 companies to try to secure funding.
This is it. This is where Republicans turn on the wealthy and we finally start taxing them.
Please let this be it.
It could be that anyone with that level of liquid assets available knows that a āloanā will never be paid back - it was PROVEN that the Trump Org engaged in fraudulent activity, so the appeal is just to try to gain some time. Anyone who puts up cash pending the appeal will definitely lose it once the process confirms what the courts have already ruled.