Courts cut Donald Trump’s bail, granted an additional ten-day period to pay it

Donald Trump can breathe… or almost. The former US president’s bail, which he says he is unable to pay, has been reduced from $454 million to $175 million, according to a New York court ruling on Monday. According to this decision, he is also given an additional ten days to find this money, whereas the deadline was set for this Monday.

This Monday, Donald Trump was expected to provide a guarantee that he would pay nearly half a billion dollars in fines he was sentenced along with his sons Eric and Don Jr. for financial fraud within their Trump Organization real estate empire in the 2010s. the risk that their real estate assets will be seized and their bank accounts frozen by local Attorney General Letitia James, who sued them in October 2022 until New York Judge Arthur Engoron sentences them on FEBRUARY 16.

Previously, the former Republican tenant of the White House, who dreams of returning there on January 20, 2025, once again denigrated the democratic authorities on his social network Pravda: “These are rigged deals, all of them are coordinated by the Blanche Chamber and the Department. justice for the purpose of interfering in elections (…) Our country is CORRUPT! »

Trump was in danger

Donald Trump’s lawyers said they were unable to post a $454 million bond that would have suspended the February ruling, which also barred Trump’s father and son from operating their businesses in New York for three and two years, pending appeal. However, on Friday the former head of state assured that he has “nearly $500 million in cash, much of which is earmarked for use in (his) campaign” against Democratic President Joe Biden.

If he were required to post bail on Monday and was unable to respond to the injunction, the Republican would be at great risk. “Humiliation,” decried Carl Tobias, a law professor at the University of Richmond. Because, according to the expert, he could be forced to “sell his properties” or “seize them” by Attorney James, such as Trump Tower on 5th Avenue and his building on Wall Street, or even “declare personal bankruptcy.” He now has ten days grace to avoid these pitfalls.