Trump offers bail of 100 million dollars to suspend fine of more than 350 million in New York

Former American President donald trump (2017-2021) offered this Wednesday to an appeal court the payment of a bond of 100 million dollars to suspend the fine of more than 350 million (which with interest rises to 450 million) that a judge imposed on him two years ago weeks in New York.

Even if the court agrees to consider the proposalthe former president’s defense would still have to convince a panel of judges to accept this pause in the sentence.

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The attorney general of New York, Letitia JamesWho was the one who promoted the civil case against the Trump Organization for inflating asset values ​​to obtain favorable deals with banks and insurance companies, threatened to confiscate his assets if the former president did not pay the money.

“The exorbitant and punitive value of the penalty, combined with a illegal and unconstitutional prohibition of (accessing) loans would make it impossible to secure and pay off a full bond“, said the defense of trump in a court document.

The Public Prosecutor’s Office, in turn, asked the court of second instance to reject the request for trumpand suggested that his proposal to pay only part of the sentence as bail shows that the former president does not have enough money.

On the other hand, if the former president paid the more than 450 million dollars of the sentence as bail, the prosecutor could not receive the money until his appeal was resolved.

Although it is not known for sure how much money he accumulates trumpSome North American media outlets have speculated in recent days that the businessman may be forced to sell some of his properties to pay the fine.

On February 16th, the judge Arthur Engoronfrom the New York Supreme Courtordered to trump pay more than 350 million dollars for several cases of fraud in the Trump Organizationand prohibited him from taking out loans from New York banks for three years or from serving as an officer of any company or legal entity in the state during that period.

Source: Elcomercio

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I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.