Trump Could Be Hit With Perjury Charge For Lying About His Wealth
Trump told the court that he had the $400 million+ in cash needed to post his fraud judgment bond, but it appears he lied, which could mean a perjury charge.
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Trump Could Face Perjury Charge For Lying About Ability To Post Fraud Bond
In a court filing on Monday, Donald Trump’s lawyers admitted that the former president doesn’t have enough cash to post the $454 million fraud judgment bond, and it is nearly impossible for Trump to find a bond company to underwrite it because bond companies want cash.
On MSNBC’s Deadline: White House, former Trump lawyer Michael Cohen said:
We are talking about a half-billion-dollar bond. He is in the real estate industry. Much of his assets are leveraged. Real estate is not what as some of your other guests have already pointed out. It's not where they want to go. They don't want to go with that because, let's not forget, if he sells the assets, there are also tax consequence points that will be due. He has long-term capital gains, and because…
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