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Trump can’t pay full bail in fraud case, offers $100 million

  • February 28, 2024
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Donald Trump Can’t Afford Full Bail while appealing a $454.2 million judgment handed down to him by a judge in a civil fraud case against him in New

Donald Trump Can’t Afford Full Bail while appealing a $454.2 million judgment handed down to him by a judge in a civil fraud case against him in New York State, and Instead, he wants to keep one of the $100 million.his lawyers said this Wednesday.

Trump is appealing a Feb. 16 ruling by State Court Judge Arthur Engoron in Manhattan that includes three-year ban from holding high positions in any company in New York, or negotiate a loan with banks registered in the state.

Engoron ruled in a case brought by the state attorney general. Letitia James, who accused the former president and his family’s company of exaggerating the value of their properties. to increase your net worth and get more favorable terms on loans and insurance.

The judge imposed a fine of $354.9 million on Trump.which last week increased to 454.2 million with interest. Another $112,000 added every day interests.

Former US President Donald Trump at a Fox News event in South Carolina Photo: Reuters.

In a filing with the Appellate Division, a mid-level appeals court, Trump’s lawyers said that “an exorbitant and punitive sum” regulations, as well as an illegal and unconstitutional blanket ban on credit transactions, will make it impossible to secure and pay the full deposit“.

Lawyers stated that $100 million bailalong with Trump’s “extensive” real estate holdings and ongoing oversight by a court-appointed monitor of the Trump Organization, would be more than enough to warrant a conviction.

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Trump’s lawyers too They asked to temporarily suspend the execution of the sentence pending an appeal.claiming he would suffer “irreparable harm” if Attorney James forced him to sell his properties to raise capital.

James’ office did not immediately respond to requests for comment.

(Reuters)

Source: Aristegui Noticias

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