Cohen: 'He's watching the entire family legacy coming to a screeching halt'
MSNBC・2 minutes read
Former President Trump faces a $454 million bond deadline to prevent seizure of his assets in a civil fraud case in New York. Trump's lawyer, Michael Cohen, warns that Trump's sources of money for the bond could pose a national security risk if borrowed from mega-billionaire donors or foreign entities.
Insights
- Trump is facing a $454 million bond deadline in a civil fraud case, with discrepancies between his lawyers' claims of inability to pay and Trump's assertions of having substantial cash reserves.
- Cohen emphasizes the importance of the source of money Trump uses to pay the bond, warning against borrowing from mega-billionaire donors or foreign entities due to potential national security risks, showcasing the complexity and broader implications of the situation.
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Recent questions
Why is former President Trump facing a $454 million bond deadline?
Due to a civil fraud case in New York.
What complicates the option of bankruptcy for Trump?
Changes in bankruptcy laws.
Why are there discrepancies regarding Trump's ability to pay the bond?
Trump's lawyers claim he cannot pay, while Trump asserts having over $400 million in cash.
What steps has New York State Attorney General Letitia James taken?
Initiated actions to seize Trump's assets if necessary.
Why is the source of the money Trump uses to pay the bond crucial?
Borrowing from mega-billionaire donors or foreign entities could jeopardize America's national security.
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