Donald Trump ramps up offensive amid looming $454M deadline pressure

• Trump’s social media company could start trading on the stock market as early as Monday.
• Trump Media plans to merge with shell company Digital World Acquisition Corporation.
• Despite his estimated net worth of $2.6 billion, his lawyers argue it has been impossible to come up with the $454 million bond.

As the clock ticked down on the possible seizure of his assets and threatened bankruptcy if he failed to come up with cash to pay a half-billion-dollar bond, Donald Trump lashed out at prosecutors on Friday. The former president, who is running again in this year’s election, faces pressure after a New York court ruled that he, his sons, and his family company lied about the value of assets, deceiving banks and insurers.

Shares of his social media company could start trading on the stock market as early as Monday, potentially increasing his worth by $3 billion, but it remains uncertain when the cash would be available to cover his $454 million bond.

“No trial, no jury, no crime, no victim,” Trump wrote on his Truth Social platform. “Only a crooked judge and a corrupt, Trump-hating attorney general, who takes her orders directly from the White House.

“Election interference at a level never seen before!“

Trump asserted that his nearly $500 million in cash, accumulated through “hard work, talent, and luck,” was intended for his election campaign, stating that the judge “knew this and wanted to take it away from me.”

Trump Media plans to go public by merging with shell company Digital World Acquisition Corporation.

A vote on Friday could approve the much-delayed merger, potentially creating a windfall for Trump—though the cash influx may be months away.

Trump established a public profile as a property developer and businessman in New York before entering politics.

Despite the real-estate mogul’s estimated net worth of $2.6 billion—and his claims of having cash on hand—his lawyers assert that it has been impossible to come up with the $454 million bond, due Monday.

Typically, insurers or specialized bond companies would underwrite such bonds.

However, Trump’s lawyers state that after approaching 30 such companies, none are willing to accept the ex-president’s real-estate holdings as collateral.

Facing 91 criminal counts in other cases, Trump has seized on his legal woes to fire up supporters and denounce his opponent, President Joe Biden, claiming that all the court cases are a political tactic to thwart his election chances.

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