Trump paid off his whole bond with help from his billionaire friends: report
Donald Trump was saddled with a hefty bond of more than $450 million to appeal a case he lost earlier this year about the Trump Organization's practice of improperly inflating assets.
However, it seems that he's managed to pay it off thanks to some help, Forbes reported.
Trump's appeal bond was so large after losing his New York fraud trial that he was forced to go to his supporters and beg for help. Ultimately, he was forced to go to the court and beg that the amount be cut so he could file the appeal.
ALSO READ: 15 worthless things Trump will give you for your money
With help from some billionaire pals, a suspicious Grand Caymans account and his Truth Social stock, he was able to pay off the total amount and clear the way for his appeal.
In fact, writes Forbes, he even had enough money left over to dip into his cash reserves to also pay off a $12 million loan related to his Trump Plaza property.
"The move, which has not been previously reported, does not mean that all is well at Trump Plaza," said Forbes. "The property has seen some tenant turnover in recent years: When American Apparel went bankrupt, the Trump Organization filled its anchor location with a nut shop. A GNC turned into an eyeglasses store."
"Some self-dealing helped bolster the business a tad—Trump’s campaign funneled almost $240,000 to Trump Plaza for 'rent' between 2015 and 2019," the report added , citing Federal Election Commission reports.
Leave a Comment
Related Post