Idiot Trump Confesses He Actually Has the Money to Post Bond
The former president has until Monday to pay off the half-billion-dollar disgorgement—and if he doesn’t, James can begin taking steps to seize his assets to cover the debt, including 40 Wall Street and Trump Tower.
But Trump is juggling more than the fine deadline. Paying out of pocket could potentially put a major Wall Street deal on the line for the former president, as well. On Friday, investors in Truth Social are expected to sign off on a deal that would allow the company to go public, potentially offering a gigantic financial windfall for the GOP presidential pick. In a public version of the company, which would begin trading in just a few weeks, Trump would own at least 58 percent of the shares—a stake valued at $3 billion, reported Politico.
It would, however, trip him up in the short term. In order to begin the process, Trump would need to tie up his shares of the company in a lock-up agreement for the next six months, and any potential off-loading by the former president could be seen as cataclysmic to a deal that rides on his involvement.