New York:

Donald Trump lashed out at prosecutors on Friday over the potential seizure of his assets and threatened to face bankruptcy if he cannot come up with the cash to pay a $500 million bond.

The former president, who is running again in this year’s election, is under pressure after a New York court ruled that he, his son and his family company lied about the value of their assets, defrauding banks and insurance companies.

Shares in his social media company could begin trading on the stock market as early as Monday, adding $3 billion to his net worth, but it’s uncertain when cash will be available to pay off his $454 million bond.

“No trial, no jury, no crime, no victims,” ​​Trump wrote on his Truth social platform. “Just a dishonest judge and a corrupt, Trump-hating Attorney General, She takes orders directly from the White House.

“Election interference reaches unprecedented levels!”

Trump said he has nearly $500 million in cash that he plans to use on his campaign due to “hard work, talent and luck,” adding that the judge “knew that (and) wanted to take it away from me Take it in your hand.” “

Trump Media plans to go public through a merger with the shell company Digital World Acquisition Corporation.

Friday’s vote could approve the long-delayed merger and provide Trump with a windfall – although the cash inflow could take months.

Before entering politics, Trump built his public profile in New York as a real estate developer and businessman.

Although the real estate mogul has an estimated net worth of $2.6 billion and claims to have cash on hand, his lawyers said it would be impossible to come up with the $454 million in bonds due Monday.

Typically, such bonds will be underwritten by an insurance company or a professional bond company.

But Trump’s lawyers said after approaching 30 such companies, none would offer real estate held by the former president as collateral.

Trump, who faces 91 criminal charges in other cases, has used his legal woes to incite supporters and denounce his opponent, President Joe Biden, claiming all the court cases are a political ploy to hinder his chances of being elected.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)