Former President Donald Trump disclosed his financial situation this week, showing that he owes tens of millions of dollars in liabilities in connection to judgments he owes in civil cases.
The $83 million judgement came in a defamation case in which a New York jury found that Trump was liable for publicly calling Carroll a liar after she accused him of assaulting her in the 1990s. Months before that, a jury awarded her with $5 million in compensatory and punitive damages last year in the sexual assault case.
Another liability, also linked to his legal issues, includes a sum of more than $50 million to cover his appeal bond in the civil fraud case that was brought by New York’s attorney general. The money owed to the state, also listed as “litigation; stayed pending appeal; bonded,” came after a judge ordered him and his company to pay $455 million for allegedly defrauding banks and over-inflating his company’s assets.
In February, Judge Arthur Engoron of the New York State Supreme Court ruled that the former president must pay more than $350 million in penalties plus $100 million in interest, also barring him from serving as an officer in a New York company or legal entity for three years. The former president has since posted a $175 million bond after a state appeals court reduced the bond payment from $454 million.
In July, his attorneys urged a New York appeals court to overturn the Engoron judgment, arguing that it was “erroneous” and “egregious.”
His lawyers argued that New York Attorney General Letitia James’s lawsuit should have been promptly dismissed, the statute of limitations barred some allegations, that no one was harmed by Trump’s alleged fraud, and that James’s involvement in private business transactions threatens to drive business out of the state.
Engoron rejected many of the same objections as the case proceeded to trial last year and fining some of Trump’s lawyers $7,500 each for “repetitive, frivolous” argument. The Appellate Division previously denied Trump’s bid to end the case on statute of limitations and other grounds.
The Appellate Division has said it will hear oral arguments in late September. Trump’s lawyers initiated the appeal days after Engoron’s ruling and had until Monday to file written arguments.
Thursday’s financial disclosure also noted that Trump has more than $1 million in cryptocurrency and that Truth Social, his social media company, is worth about $50 million.
Trump has embraced the cryptocurrency industry in recent months, attending a crypto conference in July. There, he hailed the currency and proposed a national strategic stockpile of cryptocurrency.
“For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin,” Trump said during the event, held in Tennessee.
He added, “This afternoon I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world and we’ll get it done.”
According to his financial disclosures, Trump also earned royalties from several books including “A MAGA Journey” and “Letters to Trump” as well as “The Greenwood Bible,” a venture with singer Lee Greenwood.
