MADRID, 25 Mar. (EUROPA PRESS) –
The New York appeals court that is judging the fraud case in which former President Donald Trump is accused has reduced from $464 million to $175 million the deposit that it has demanded from the magnate to avoid the initiation of seizure processes and has given him a period of ten days to make the payment effective.
The ruling also suspends the disqualification from position in a company imposed on Trump, and his partners Allen Weisselberg, Jeff McConney and his sons Donald Trump Jr. and Eric Trump, according to US television NBC.
However, the court has not granted Trump’s request to prohibit the appointment of an independent monitor or an independent director to ensure compliance with judicial decisions.
Nor does it maintain the prohibition imposed on the defendants from requesting loans from financial entities registered in the state of New York.
The decision represents a victory for Trump’s defense, which had argued that it was “practically impossible” for him to comply with the requirement for this Monday, as initially anticipated. In fact, they assured that they had tried to obtain the endorsement of about 30 entities through four different agents to negotiate with the largest insurance companies in the world.
However, last Friday Trump himself published on social media that he had almost 500 million in cash that he intended to invest in his campaign for the November 5 presidential election despite the fact that he has not spent his own money on the campaign since 2016. He also speculated on the possibility of mortgaging or selling properties forced to do so “at a bargain price” by this judicial process.
Trump’s legal team had alleged that deposits of this type usually amounted to 120 percent of the amount judged, which in this case would mean about $557 million.
Trump, after learning of the ruling, has expressed his “great respect for the decision of the appeals court” and has charged against the judge who handed down the conviction for fraud that he is now appealing. «What he has done is a detriment and should never have been allowed. The state of New York is being battered by his decision. “Judge (Arthur) Engoron is a disgrace to this country,” he declared, according to CNN.
For her part, New York Attorney General Letitia James recalled that “Trump has yet to be held accountable for his shocking fraud.” “The court has determined that he has committed fraud and falsely inflated his net worth for years to unjustly enrich himself, his family, and his organization.” “The sentence of 464 million plus interest against Donald Trump and the other defendants is still in force,” she argued.
The appeal concerns the sentence of Judge Arthur Engoron, who found the former president guilty of having inflated the personal net worth of the Trump Organization by $3.6 billion between 2011 and 2021. Two of his sons, Donald Trump Jr. and Eric Trump, They were also found guilty
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– 2024-05-01 12:13:07
