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International

Bankruptcy? Donald Trump is finally coming clean about his finances

Former President Donald Trump says he has money for a fraud and re-election bond.  — Reuters
Former President Donald Trump says he has money for a fraud and re-election bond. — Reuters

After taking a broadside from President Joe Biden and his campaign, Republican presidential candidate Donald Trump has denied claims he’s broke, issuing new statements about his re-election financing and fraud bond.

Donald Trump – who faces 91 criminal charges across four counts – said Friday morning: “Through hard work, talent and luck, I currently have nearly five hundred million dollars in cash, a significant amount of which I intended to use in my campaign for President.”

President Biden’s re-election campaign on Thursday took a swipe at former President Trump’s fundraising numbers, calling him the “Broke Don.” “Not a winning campaign: Broke Don is hiding in the basement,” the campaign wrote in an email. “Trump can’t raise money, doesn’t campaign, and lets convicts and conspiracy theorists run his campaign.”

The 77-year-old businessman was ordered last month by a New York judge to pay $355 million in a civil fraud case. Noting difficulties in filing the bond, Trump’s lawyers said they could find no state-approved company to cover him.

Recalling the judge’s decision, Trump wrote on Truth Social: “The oft-overturned political hacker judge in the rigged and corrupt AG case, where I’ve done nothing wrong, knew this, wanted to take it away from me, and that’s why he found a staggering figure which, combined with his insane demand for interest, is about $454,000,000.”

“I didn’t do anything wrong except I won the election in 2016 that they didn’t expect me to win, I did even better in 2020 and now I’m ahead, by a lot, in 2024,” repeating that he is being wronged.

“No trial, no jury, no crime, no victim, just a crooked judge and a corrupt, Trump-hating attorney general who takes her orders directly from the White House,” Trump said of Judge Engoron and District Attorney New York Letitia James. .

The former president has been under financial pressure as $3 million was spent in January and the total amount of legal trouble is over $55 million as of early 2023.

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