Letitia James

Appearing with MSNBC host Katie Phang on Saturday afternoon, former Donald Trump lawyer and "fixer" Michael Cohen claimed his former client is struggling to raise the cash he needs after losing a half-billion dollar judgment in Judge Arthur Engoron's courtroom.

Worse still, he stated, the former president doesn't want New York Attorney General Letitia James pouncing on him if he doesn't meet his bond deadline.

Asked, "Your thoughts about what Donald Trump is doing in order to secure that very large bond," he replied, "Donald Trump will do anything within which to ensure the bond gets obtained and the bond gets posted."

"This is a real problem for him," he elaborated. "He had a hard enough time getting the $91 million [for E. Jean Carroll], which again, I can't understand how a publicly traded company like Federated, which is Chubb Insurance, was able to justify making to a guy that does not pay his bills, that's something we all know for sure."

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"But rest assured of something else," he added, "The last person that Donald Trump right now wants to scrap with is our unsinkable Attorney General Tish James. She already knows what is going to happen come the day the bond is not filed. She will start seizing the assets, there is going to a major sale of these assets."

"One of the things that I talk about quite often is that people do not realize just because you sell the asset does not mean the full sale price goes to, let's say Donald Trump or Letitia James in order to offset the amount of the $500 plus million bond with $110,000 a day of accruing interest," he explained. "There are taxable consequences that take place on these assets as well because his basis is substantially low."

"On top of that, many of these assets are also encumbered with mortgages. It is not as if 100 cents on the dollar will go toward paying off that $500 million obligation," he stated.

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Chubb, the insurance company that agreed to pay former President Donald Trump's almost $92 million bond in the second defamation case he lost to writer E. Jean Carroll, defended its move to customers Wednesday.

Politico's Josh Gerstein reports via X, "NEW: Insurance giant Chubb issues letter to customers defending $91.6 bond for Trump to facilitate his appeal in Carroll libel case. Company calls itself 'part of the justice system plumbing' & says bond 'fully collateralized' if verdict is upheld."

New York Attorney General Letitia James Monday filed a lengthy opposition to former President Donald Trump's request to stay his more-than $450 million civil fraud trial ruling, court records show.

The 132-page rebuttal filed to the New York Supreme Court appellate division argues Trump has yet to prove he can come up with the cash to pay damages ordered by Justice Arthur Engoron.

Brian Butler, an employee at Mar-a-Lago serving as a witness in the classified documents case against former President Donald Trump, told his side of the story to CNN's Kaitlan Collins in an interview released on Monday.

Butler, identified in court records only as "Trump Employee 5," said he was asked by the former president's body man Walt Nauta, also charged in the indictment from special counsel Jack Smith, to help him load boxes onto Trump's plane.

Donald Trump needs to scare up some cash — quickly — to pay off his legal judgments if he's going to avoid bankruptcy, an expert said.

The former president faces potentially acute problems retaining liquidity after he was hit with more than $542 million in judgments for fraud and defamation, and market economist Jon Gabrielsen told Newsweek that some reports have erroneously compared Trump's stated cash balances with his growing legal debt.

Trump's bottom line may only have two commas instead of three.

Investigative reporter Jonathan Greenberg, who a few years back published a stunning exposé of how Donald Trump rise to real estate mogul, sees a critical moment: the steep sums the former president must shell out after losing two civil cases is forcing him to own up to not the billionaire tycoon he's boasted of being.

The company underwriting the $91.6 million bond former President Donald Trump paid Friday in his civil defamation case is part of the insurance group whose appraisal of Trump’s triplex in 2010 was foiled because “Mrs. Trump was sleeping,” court and federal records show.

The Federal Insurance Company secured Trump’s bond Friday in the New York defamation case brought by E. Jean Carroll, the writer the former president has been found liable for sexually abusing and defaming, court records show.