Donald Trump has gone off on another social media rant scorning a “crooked” judge for allegedly undervaluing his Mar-a-Lago mansion by “50 to 100” times.
The Republican presidential nominee posted a $175million (£140million) bond in his New York civil fraud case on Monday, April 1 – preventing New York Attorney General Letitia James from seizing his properties, including Trump Tower and his prized Mar-a-Lago estate. The initial $454million (£362million) bond was knocked down last week thanks to Trump’s lawyers who deemed repayment as a “practical impossibility,” with Justice Arthur Engoron ruling on the condition he paid the smaller fee within 10 days.
In February, the former US president was found to have fraudulently inflated his net worth in order to swindle banks and insurers. Trump denied any wrongdoing and slammed the case as a political “witch hunt”. The 77-year-old Republican will head to court and appeal against a three-judge panel.
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Arthur Engoron, Letitia James and of course Joe Biden were the targets in Trump's social media rant (Getty Images)Despite making the belated bond payment on Monday and staving off the seizure of his assets by the state, Trump was unable to contain his disdain towards Judge Arthur Engoron and state Attorney General Letitia James.
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“I’ve just posted a 175 Million Dollar Bond with the sadly failing and very troubled State of New York, based on a Corrupt Judge and Attorney General,” he posted to his social media company Truth Social in the early hours of Tuesday morning.
In the lengthy monologue, the former president went on to claim that he committed no crime nor damage, adding there was "only success and happy banks". “The case was a fabricated ELECTION INTERFERENCE con job, so bad for New York, where businesses are fleeing & violent crime is flourishing,” he added with his usual conspiratorial rhetoric.
Mar-a-Lago was valued between $18-$27 million in a tax assessment (AFP via Getty Images)The highly contested value of Trump’s Mar-a-Lago resort in Florida, which he previously called the “Mona Lisa” of properties, was another of his gripes. A tax appraisal valued it at between $18million (£14million) and $27million (£21.5million). Trump previously claimed that his Palm Beach estate was worth more than $1billion (£797million).
Trump wrote: “The Crooked Judge, to suit his narrative, valued Mar-a-Lago, in Palm Beach, Florida, at $18,000,000, when it is worth 50 to 100 times that amount.
“He ruled I was guilty before he ever saw the case. He should be disbarred, and Letitia James, who campaigned on getting TRUMP, Impeached.”
A final jibe against “crooked” Joe Biden and declaring the circumstances as a “witch hunt,” and Trump had signed off.
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Trump's Truth social stock price has plummeted after it made a near-$60 million loss in 2023 (AFP via Getty Images)His latest social media criticism comes following a gag order he was handed by Judge Juan Merchan concerning his Stormy Daniels hush-money criminal trial. His rants which were dubbed “relentless” and “threatening” meant that the former president was inhibited from commenting publicly about witnesses, prosecutors, court staff and jurors ahead of his April 15 trial.
And share prices of Trump’s Truth Social tanked on Monday following a blockbuster debut on Nsadaq last week. The platform’s parent company, Trump Media & Technology Group, was down as much as 27% by lunchtime.
Post-merger financial statements revealed the company had only achieved revenue of $4.1million in 2023, with net losses reaching $58.2million, according to a regulatory filing with the Securities & Exchange Commission.
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