Former federal prosecutor Andrew Weissmann said he highly doubts former President Donald Trump s claim that hes been unable to obtain a $464 million bond to appeal his civil fraud conviction.
It just doesnt make any sense at all, Weissmann told MSNBC s Alicia Menendez on Wednesdays broadcast of Deadline: White House.
In a filing to the New York State Supreme Court, Trump called it a practical impossibility that hell get the money together, and said that 30 bond companies had turned him down.
But New York Attorney General Letitia James, who brought the civil case against Trump, fired back in a separate filing by suggesting Trump hadnt offered appropriate evidence to back up his claims. James also argued that the total required could be split up into smaller sums between multiple companies.
Weissmann agreed, adding that the former president could also mortgage his assets.
Trump could do all that, but the real issue here is that he may be just too leveraged, Weissmann said.
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He says hes worth so much, but all of these properties are used to back loans from other institutions, he added. He may not actually have all that much money either cash on hand or property that isnt already pledged for other loans. So the reason hes having so much trouble, and the reason he might be having this meltdown, is he cant post the money himself, and he needs to find a lifeline through some third party who is going to be able to bail him out.
Watch the video here:
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