Letitia James thought she leveled Donald Trump’s business empire when she turned her sham witch hunt for allegedly inflating property values into a $464 million judgment against him.
She’s now learned that it’s best not to count your chickens before the eggs hatch.
And Letitia James lost all control after Donald Trump hit her with the ultimate trump card just in the nick of time.
With the deadline fast approaching for former President Donald Trump to come up with $464 million to cover the judgment New York Democrat Attorney General Letitia James secured against him for allegedly inflating property values to secure bank loans – even though real estate experts admit the values were accurate, and the banks in question never once claimed to be victims of any crimes – many thought it would be the end of his business empire.
As a matter of fact, Democrats and their media allies were openly licking their chops over the prospect that Trump wouldn’t be able to come up with such a large amount of cash so quickly, which would have allowed James to begin seizing his assets.
After Democrat-appointed and openly anti-Trump Judge Arthur Engoron sided with James in the case, Trump took to Truth Social to rip the decision, particularly the completely unprecedented judgement, as unconstitutional, unfair, and a politically-motivated maneuver to meddle in the 2024 election.
“THE NEW YORK A.G. USED A STATUTE TO GO AFTER ME THAT HAS NEVER BEEN USED BEFORE, NOT ONCE, FOR SUCH A PURPOSE,” Trump declared. ‘IT, IN AND OF ITSELF, IS SOOO UNCONSTITUTIONAL AND UNFAIR. UNDER THIS STATUTE, I GET NO JURY AND HAVE NO RIGHTS. All DECISIONS AND RIGHTS ARE GIVEN TO, IN THIS CASE, A CORRUPT, TRUMP HATING JUDGE, WHO CAME UP WITH A CRAZY, OUT OF THIN AIR AWARD, IN ORDER TO DAMAGE ME POLITICALLY, AND NOT ALLOW ME TO USE ANY OF THE LARGE AMOUNT OF CASH I HAVE BUILT UP OVER THE YEARS, THROUGH HARD WORK, INSIGHT, INSTINCT, AND DILIGENCE, ON MY POLITICAL CAMPAIGN FOR PRESIDENT. THAT IS JUST WHAT CROOKED JOE BIDEN WANTED THIS POLITICAL HACK, COUPLED WITH A CORRUPT AND RACIST ATTORNEY GENERAL, TO DO.”
‘I DID NOTHING WRONG!” he added. “THIS IS SIMPLY A ‘TAKING.’ MUCH LIKE WHAT IS DONE IN COMMUNIST COUNTRIES, AND WILL LEAVE AN IRREPARABLE STAIN ON NEW YORK STATE AND ITS JUDICIAL SYSTEM. IT IS TOTALLY UNCONSTITUTIONAL, INCLUDING THE HARSH GAG ORDER IMPOSED. THE STATUTE OF LIMITATIONS WAS ALREADY RULED ON, FOR ME!”
As Trump suggested, a media analysis recently discovered the fact that over at least the past 70 years, no other New York Attorney General has ever used a fraud statute to target a business when there was no crime or money lost – as mentioned, the banks in question stated that they were not victims of any crime, and that Trump’s company had repaid the loans in full with interest before their predetermined repayment plan.
But this is Donald Trump we’re talking about – did anyone really believe that he wouldn’t have a trump card (pun intended) at the ready?
In a bombshell announcement, Digital World Acquisition Corporation (DWAC) approved a merger that would see the company join forces with Trump Media and Technology Group’s (TMTG) Truth Social platform.
As a result of the merger, Trump Media will now be a publicly traded company, and based on DWAC’s current $44 per share stock price, the merger will see the new company’s valuation open at more than $5 billion.
And as The New York Times reported, thanks to Trump’s near total ownership of TMTG and Truth Social, the former President’s personal share in the new company is now $3 billion.
“Based on Digital World’s stock price of $44 a share just before the vote announcement, Trump Media will debut with a market value of more than $5 billion,” The Times reported. “That means Mr. Trump’s personal stake will be worth more than $3 billion.”
“Shares of Trump Media could begin trading under the new stock symbol as soon as next week,” the report continued. “The deal’s approval comes as Mr. Trump is facing a Monday deadline to cover a $464 million penalty in a civil fraud case in New York.”
Trump had previously expressed doubt that his company would be able to come up with that much cash in such a short amount of time – virtually no business could.
But with a $3 billion windfall coming in just in the nick of time, Trump may have pulled out the ultimate trump card on Letitia James.
As The New York Times noted, under the merger agreement, Trump is technically “restricted for six months from selling any of his shares or using them as collateral for a loan,” but “could ask the board of the merged company to waive that rule for him” – considering the fact that he just helped them all make billions of dollars, it’s probably likely they’ll comply.
Nevertheless, with Donald Trump’s net worth skyrocketing by another $3 billion seemingly overnight, Letitia James and her fellow Democrats may have just missed yet another chance to stop him.
Political Animal News will keep you up-to-date on any new developments in this ongoing story.