Eric Trump, the executive vice president of Trump Organization Inc., spoke out against the massive half-billion dollar bond his father, former President Donald Trump, must secure in the New York civil fraud case by Monday’s deadline. The bond is required to prevent his Empire State assets from being seized by state Attorney General Letitia James.
During a discussion with Fox News’ Maria Bartiromo, Eric Trump called the case “legal lawfare” and criticized the judge’s ruling, stating that the ultimate goal is to “hurt a man” and send “tremors across this country.”
Despite the looming deadline, former President Trump has indicated that he has nearly $500 million in cash to post the bond as required. His legal team has appealed the civil fraud judgment and requested a stay on the bond.
Eric Trump expressed confidence that his father will ultimately prevail in the case, insisting that those behind the outcome seek to “bankrupt” and “hurt him badly.” He also emphasized that the fight is far from over, with the legal team intending to “exhaust all options.”
The ruling in Trump’s case has raised concerns among those who do business in New York, with Eric Trump highlighting the potential damage to America’s standing in the world. Trump’s attorney has argued that the efforts of Attorney General James are “unconstitutional.”
If Trump is unable to secure the bond by the deadline, Attorney General James and her staff are prepared to seize his New York properties. The ongoing legal battle continues to make headlines as the deadline approaches.
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