‘Pure Bullsh*t’: Trump Campaign Erupts at CNN Report He’s in ‘Panic Mode’ and Trying to Offload Assets to Post Bond

 

CNN’s Kaitlan Collins reported on Tuesday night that Donald Trump is seeking wealthy supporters and is considering selling assets so he can meet a key deadline in New York appellate court.

The former president was ordered to pay the state $454 million last month after he was found liable for defrauding banks and insurance companies. To appeal, he must post a bond in that amount by March 25. However, Trump’s lawyers told the appeals court on Monday that after contacting more than 30 underwriters, none can accommodate the massive figure. His attorneys said posting the full amount “is a practical impossibility.”

In her report, Collins said Trump’s team is looking for wealthy supporters who may be able to help liquidate some of his assets lickety-split to meet the deadline:

Trump’s team has sought out wealthy supporters and weighed what assets could be sold – and fast. The presumptive GOP presidential nominee himself has become increasingly concerned about the optics the March 25 deadline could present – especially the prospect that someone whose identity has long been tied to his wealth would confront financial crisis.

In response, Trump’s presidential campaign flatly denied CNN’s report:

“These baseless innuendos are pure bullsh*t,” Trump campaign spokesman Steven Cheung said in a statement Tuesday. “President Trump has filed a motion to stay the unjust, unconstitutional, un-American judgment from New York Judge Arthur Engoron in a political Witch Hunt brought by a corrupt Attorney General. A bond of this size would be an abuse of the law, contradict bedrock principals [sic] of our Republic, and fundamentally undermine the rule of law in New York.”

Trump has lucrative real estate holdings in multiple states that New York Attorney General Letitia James could begin seizing if he does not post bond on Monday. The former president has claimed he is a billionaire, though it is unclear how liquid his assets are. Additionally, selling off large real estate holdings in such a short period is a tall order, to say the least.

Watch above via CNN.

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Mike is a Mediaite senior editor who covers the news in primetime. Follow him on Bluesky.