From Le Figaro with Portal and AFP
Published yesterday at 10:24 p.m., updated yesterday at 10:24 p.m.
Donald Trump, on January 11th. Shannon Stapleton/Portal
The former President of the United States asked for bail of just $100 million, rather than the full amount of the fine he was sentenced to for financial fraud.
Donald Trump will not be able to pay the entire $454.2 million fine he was sentenced to for financial fraud by the New York State Supreme Court in mid-February, his lawyers said Wednesday, March 28. February, with the news agency Portal and The Guardian. The former President of the United States, candidate for a new term, actually asked to pay bail of only $ 100 million while appealing the court decision.
In a 92-page court document released on February 16, Judge Arthur Engoron of the New York State Supreme Court suspended and ordered him from directing “any corporation or legal entity in New York” for a period of three years Pay a $355 million fine. In addition, there are daily interest charges that have been accruing since 2019. In addition, Donald Trump is prohibited from taking out loans from banks in New York state for three years.
That state's attorney general, Letitia James, filed a complaint against Donald Trump in October 2022, forcing him, along with his two adult sons, Donald Jr. and Eric, and their family group, the Trump Organization, to file a civil lawsuit for fraud.
“Totally wrong”
Trump's father and son appeared several times during this lengthy civil trial in a tense political climate. They were accused of enormously inflating the value of the Trump Organization's assets, its skyscrapers, luxury hotels and golf courses around the world, in the 2010s in order to obtain cheaper loans from banks and better insurance conditions. After the announcement, the former tenant of the White House (2017-2021) criticized the “completely wrong” ruling.
In fact, Donald Trump's lawyers called for a temporary stay of the sentence pending an appeal, claiming that paying the entire fine would cause him “irreparable harm.” They also claimed that “the exorbitant and punitive amount of the sentence, coupled with an illegal and unconstitutional ban on lending transactions, would make paying a full fine impossible.” They asserted that a $100 million bond along with Trump’s “huge “ Real estate holdings would be more than enough to cover the rest of the payment.
For her part, prosecutor Letitia James rejected a stay of the sentence, calling it “particularly inappropriate” since the defendants “almost admit” that Trump does not have sufficient liquid assets to pay the fine. James also said there was a “significant risk” that Trump would not pay or withdraw his money from the United States if he lost his appeal. Trump estimates his net worth at billions of dollars, but much of that consists of real estate rather than cold hard cash.
During the trial, in the courtroom, in the hallways of the Manhattan courthouse and on the platforms of campaign rallies, Donald Trump continued to rail against the justice he believes lies in the hands of President Biden's Democrats, denouncing “a trial that is worthy of punishment.” Banana Republic. Unlike the criminal trials scheduled for this year – such as the one scheduled for Thursday, March 25, over payments aimed at silencing a pornographic film star – Donald Trump and his sons took risks in this civil case no prison sentence.