Experts say a cash crunch in coming weeks could thrust the former president’s business into greater uncertainty than it has seen in decades.
Former president Donald Trump speaks to the press at Mar-a-Lago on Feb. 16 about a New York judgment that handed him a $355 million penalty. to pay a $355 million penalty for submitting false data to financial institutions, the former president railed against the decision during a fundraiser at his Mar-a-Lago Club with some of the Republican Party’s wealthiest donors.Trump claimed at that Feb.
Lawyers for Trump and other defendants did not respond to a request for comment, nor did a spokesperson for his campaign. A lawyer for the Trump Organization declined to comment. As a result, bond issuers might require Trump to put up the full amount, or nearly that, in cash, to avoid having to potentially press the occupant of the White House for assets. He would also have to pay a fee to the bond issuer, beyond the judgment penalty and interest, according to Pedersen.
hundreds of millions of dollars more would almost certainly require Trump to borrow against or sell some of his real estate, experts said.A surety company might accept Trump’s properties as collateral, but that carries its own risks. Experts in issuing bonds may not be equipped to do their own investigations into Trump’s property values, and they may not know what his assets are really worth, according to New York trial and appellate attorney Mark C. Zauderer.
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