Results: Trump claims he has $500 million in cash as asset seizure looms

Former President Trump in an all-caps Truth Social missive Friday claimed he has almost $500 million in cash as a deadline looms to pay an appeal bond in the New York civil fraud case against him, undercutting his own lawyers. Why it matters: New York Attorney General Letitia James, who brought the suit, has already moved toward seizing Trump's properties, as the clock ticks for him to post the $454 million bond. Trump's post comes days after lawyers warned it's proven "impossible" to secure the nearly half-billion-dollar bond — setting off a frenzy over how exactly the GOP presidential frontrunner, facing mounting legal fees and penalties, will avoid a financial crisis. The judgment is accruing sizable interest daily. Also Friday, a shareholder vote passed allowing Truth Social to go public, adding billions of dollars to Trump's net worth. But he's not allowed to sell any shares for at least six months. Driving the news: "Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president," Trump wrote Friday. https://www.axios.com/2024/03/22/trump-civil-fraud-trial-bond-500-million