The billionaire tycoon Donald Trump managed to pay this Monday, April 1, the modest bail of 175 million dollars, necessary to avoid the seizure of his assets in Manhattan, New York.
The sum was imposed on him as part of the civil fraud case against the state of New York, for which two of his properties were going to be seized, because he was sentenced to pay 454 million dollars in total.
After his defense alleged that the sum was “impossible” to pay, The state appeals court agreed to postpone collection of the judgment if the former president paid 175 million in a period of less than 10 days.
With this, the former president bought time for his case, as he is awaiting the resolution of the appeal he made against his sentence of almost half a billion dollars, which he obtained when he was found guilty of engaging in deliberate deception to inflate his net worth in financial documents, with which he obtained business loans and other benefits.
The ruling against him not only means that he has to pay the agreed sum, but Judge Arthur Engoron ordered that Trump cannot serve as an officer or director of any corporation in New York, or any other legal entity in the state for three years. .
If the sentence is confirmed, Trump would be obliged to pay the total sum of 454 million, plus the interest that continues to accrue daily to the sentence. However, if he wins the appeal, the former president would recover the amount deposited and would be exempt from the debt.
At the moment there are no indications about the court’s final ruling. Trump has strenuously denied the allegations against him, calling them a “witch hunt” by Democrats.
However, in addition to the civil fraud case, the former president also faces a criminal trial for 34 crimes related to irregular payments to adult film actress Stormy Daniels, which occurred in 2016.
The trial for this case will begin this April 15 in a New York court, being one of the four criminal cases that Trump will face, with more than 90 charges against him.
The other cases are linked to alleged attempts to reverse the result of the last presidential election, in addition to being suspected of hiding classified White House documents in his Mar-a-Lago mansion, after dozens of documents were found in 2020. boxes with more than 300 documents of classified material in his residence.
In the framework of all these criminal proceedings, Trump has become the virtual presidential candidate of the Republican Party for the November elections. The confirmation of the candidacy, however, will occur at the national convention of this political institute, scheduled from Monday, July 15 to Thursday, July 18 in Milwaukee.
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