Mark Cuban defends Trump after Dem Rep. Ted Lieu accused him of being too broke to pay $464 million judgment


Mark Cuban defended Donald Trump Tuesday after a Democratic lawmaker accused the previous president of lying about his net worth

Rep. Ted Lieu (D-Calif.) used the hashtag “TrumpIsBroke” in a submit on X after the previous president’s attorneys advised a New York courtroom that the 77-year-old did not safe the nine-figure bond sum in his civil fraud case regardless of approaching greater than 30 companies. 

“Trump claims he’s a billionaire. However he can’t pay a $464 million judgment. Which means he’s mendacity. How do I do know? Math,” Lieu wrote.

Lieu accused Trump of mendacity about his web value. Bryan Olin Dozier/NurPhoto/Shutterstock

Cuban, a billionaire entrepreneur and former “Shark Tank” host, got here to Trump’s protection In a prolonged response to the Democratic congressman, arguing that “Internet value is totally totally different than money within the financial institution.” 

“Ted, you realize I’m no supporter of Trump. That’s for rattling certain,” Cuban, 65, began his post.

“How anybody can vote for somebody who has so lots of his govt workers activate him,  and, say he’s incompetent is past me.” 

“However you might be mistaken on this subject Ted.” 

Cuban famous that in a “zero rate of interest surroundings” it might’ve been “dumb” for Trump to maintain his money in a financial institution or cash market account. 

“Additionally dumb was conserving rates of interest that low for that lengthy. One thing Trump demanded extra of, “ the Dallas Mavericks minority proprietor claimed. 

“So you possibly can argue that [Trump] put himself on this state of affairs by ensuring that the one option to develop his web value was non money investments. You may as well argue Trump sucked at rising his web value which led to him placing himself on this place by mendacity to banks about his belongings,” Cuban continued.

“There is just one purpose to lie on a mortgage software  – you need to.”  

Cuban argued that it might be unfair to anticipate Trump to have 45% of his belongings liquid. Getty Photographs

The founding father of Price Plus Medicine stated “few individuals are conserving greater than 45 % of their belongings” liquid, and Trump’s non-liquid business actual property and overseas belongings could be unattainable to make use of as collateral. 

“No bond firm is loaning towards them on this business actual property market, if ever,” Cuban argued. 

Trump refuses to dump his properties to place up the bond in his civil fraud judgment since that form of fireplace sale would end in large losses, his attorneys stated in a courtroom submitting.

Trump’s attorneys notified a Manhattan courtroom Tuesday that the previous president has been unable to safe a bond for the $454 civil fraud judgement towards him. Getty Photographs

Earlier this month, Cuban revealed that he voted for former South Carolina Gov. Nikki Haley within the Texas GOP presidential main over Trump and he plans to cast his ballot for President Biden in November. 

“In the event that they had been having his final wake, and it was him versus Trump, and he was being given final rites, I might nonetheless vote for Joe Biden,” Cuban advised Bloomberg Information. 


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