All posts tagged "Cash"

Donald Trump's own biographer says the ex-president may have recently perjured himself.

Tim O'Brien, the author of Trump Nation: The Art of Being the Donald, appeared on Saturday on MSNBC's Weekends With Alex Witt, where he was asked about Trump's recent social media post that appears to contradict what he has argued before a judge in court.

"Is there reason to believe that he has the money, even if it contradicts his lawyer's claims they're struggling to secure a bond? Is it worth noting that he has not contributed his own money to his presidential campaign since 2016?" the host asked....

New York Attorney General Letitia James has made it clear that if the courts don't intervene in her plans to seize former President Donald Trump's assets, she will begin that process as soon as Monday. And it's likely she'll start with his cash.

In a Friday report, Politico's Erica Orden broke down how James would begin with her asset seizure. Assuming Trump's appeal for a last-minute stay is unsuccessful, the New York Attorney General's office would then seek Judge Arthur Engoron's approval to access the former president's bank accounts.

"In order to seize a defendant’s bank accounts, a judgment creditor typically first goes through a discovery process to identify where they are. Then the creditor asks the banks to freeze the accounts — and asks a judge to have the money in the accounts turned over," Orden explained, adding that the typical process for asset seizures involves "a brief hearing and then a decision within about a week."...

Andrew Weissmann, the former senior prosecutor on Robert Mueller's special counsel team, questioned the validity of Donald Trump's claim that he's broke.

Filling in for Nicolle Wallace on Wednesday, MSNBC host Alicia Menendez said that something doesn't quite add up in Trump's latest claim that over 30 companies wouldn't bond him. Attorney General Letitia James questions whether the refusals are actual people saying they wouldn't bond him or if Trump simply wasn't open to the terms outlined.

Weissmann agreed that was what seemed fishy to him as well. ...

There's something worse than being forced to sell off assets to pay a fine.

Longtime investigative reporter Susanne Craig noticed a key moment in the final arguments in the New York fraud trial against Donald Trump. Trump's lack of liquidity was cited as a possible motive for his grossly inflating his wealth.

"The argument has been that he submitted these statements of financial condition in order to get better rates at the banks," she said. "And they went through some of the spending that Donald Trump has been doing recently. There have been a lot of renovations at three properties. He put $250 million into Doral and the old post office; he spent $225 million on renovations."...

NEW YORK (Reuters) - Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.

WASHINGTON — The US government on Friday slapped sanctions on a high-profile Afghan money exchange house and its executives, accusing them of laundering cash for drug traffickers.