Trump Gets MASSIVE Financial News After Sudden Decision
Former President Donald Trump received positive financial news following a significant appellate court decision in his fraud trial. A New York court of appeals reduced the bail amount required for his civil fraud trial expenses from an enormous $454 million to a somewhat smaller $175 million.
The reduction in bail coincided with a notable increase in shares of Digital World Acquisition Corp. (DWAC), the special purpose acquisition company set to merge with Trump Media & Technology Group. DWAC shares saw a gain of up to 21 percent during Monday's trading session, reflecting investor confidence after the court's ruling, according to Fox Business.
Trump views this transaction as significant, valuing his interest in Truth Social at about $3.3 billion. The platform is positioned as a sanctuary for conservative viewpoints facing exclusion or censorship on mainstream social media platforms.
The timing of Monday's decision was crucial, as New York Attorney General Letitia James announced plans to seize assets from the Trump business to satisfy the initial verdict. Concerned about the financial burden, Trump had previously mentioned the possibility of selling properties to raise funds.
"The lawfare that they’re doing is incredible," Trump commented, attributing the legal actions to Biden and his administration. "The only way they think they can get elected. And I think so far it’s backfiring because the people of this country understand it."
The unanimous ruling by the New York Court of Appeals marked a pivotal moment in Trump's ongoing financial and legal challenges. Trump expressed frustration with the cases, calling them "ridiculous" and accusing the DOJ and FBI of weaponizing legal proceedings.
"I can’t believe it. Nobody can believe it. And we’ll see how that all works out in the end. But it’s illegal what they’re doing. It’s criminal what they’re doing and it’s never been done before," Trump remarked.
Despite receiving $84 million in his favor in the E. Jean Carroll civil lawsuit, Trump still faces four criminal prosecutions, two initiated by President Biden’s Justice Department. He has ten days to raise the $175 million required for his bond.