Donald Trump’s niece, Mary Trump, has been quite vocal with her criticisms of her uncle. In her most recent roast, she outlined the three problems the former president faces when it comes to paying the $450M fine he owes after being found guilty of fraud in New York. Keep reading for more information.
Donald Trump Ordered To Pay $450M In Fraud Case
After months in the courtroom, Judge Engoron has finally found Donald Trump guilty of fraudulently inflating his assets in order to secure a more favorably loan, and has hit him with a $450M fine as a result. The judge found $354M in damages from fraud from the various properties, and added the interest that started accruing from different points for the different properties of about $100M more, bringing us to a grand total of $450M.
“Donald Trump is finally facing accountability for his lying, cheating, and staggering fraud,” New York Attorney General Letitia James’ statement reads. “Because no matter how big, rich, or powerful you think you are, no one is above the law.”
Donald Trump's Niece Explains Trump's Financial Struggles
In an edition of her newsletter, The Good in Us, Mary Trump laid out three reasons why her famous uncle may face some difficulties as a result of the outcome of the trial.
Reason #1: While the former president has made it clear that he wants to appeal the result of the trial, James has made it equally clear that it will be a waste of time.
"In remarks during her interview with ABC News, James emphasized that she is 'very confident' about the strength of her case on appeal," Mary Trump wrote. "Why? Because Engoron's conclusions themselves were based on hard evidence—evidence that includes documents that clearly contain fraudulent valuations that defendants used in business."
Reason #2: Mary Trump then claimed that James' has threatened to seize Donald Trump's assets, including his Manhattan skyscraper, insinuating that he wouldn't be able to pay the fine. "The urgency with which he clings to the false idea that he is richer, more successful, and more talented than he is serves to hide the truth–not just from us, but from himself–that he is, quite simply, a loser," Mary wrote.
Reason #3: Mary's final reason is the fact that he reportedly only has $400M in cash, which quite obviously not cover the rising debt he owes, including the $83M he owes to E. Jean Carroll for defaming her. According to Mary, Donald Trump could be at risk of liquidation. In closing, she says this would "push him closer to the edge."
