Trump posts $175 million bail, avoids possible embargo
- April 2, 2024
- 0
Former US President Donald Trump has posted $175 million bail in a New York state tax fraud case for inflating the value of Trump Organization assets. By this
Former US President Donald Trump has posted $175 million bail in a New York state tax fraud case for inflating the value of Trump Organization assets.
By this action, he avoids the possible seizure of his assets while he appeals the decision.
The deposit is guaranteed by the insurance company. Knight Special Insurancebased in California, and automatically bars New York Attorney General Letitia James from seeking $464 million plus interest in the judgment against Trump and his co-defendants.
Last week, an appeals court allowed the tycoon to pay $175 million within ten days while he appeals his $454 million verdict after he said he had no money to pay.
Trump had 30 days to post bail while he appeals, as required by state law, but his lawyers said they couldn’t find any insurance companies that would issue a bond of that size. With this in mind, James announced preparations to confiscate Trump’s assets if he fails to post bail.
Trump wants to scare witnesses in hush money case, prosecutors say
New York prosecutors on Monday called on a judge to ban Donald trump criticize the relatives of those involved in the upcoming trial in his case bribeclaiming he is trying to intimidate potential witnesses.
In court filings, prosecutors asked Judge Juan Mercian to clarify that his current gag order, which prohibits trump Public comments from witnesses and court staff also extend to family members.
This is how they responded to the post. trump on social networks on March 28, who called Merchan’s daughter”rabid hater trump” in a social media post and called for Merchan to be removed from the case.
“Family members of litigants should be strictly prohibited,” prosecutor Matthew Colangelo wrote. “The defendant’s insistence to the contrary reveals a dangerous sense of entitlement to incite fear and even physical harm to the loved ones of those he sees in the courtroom.”
Merchan’s daughter runs a digital marketing agency called Authentic Campaigns, which works with Democratic candidates and nonprofits.
Lawyers trump They argued that his work constituted a conflict of interest and unsuccessfully tried to remove Merchan from the case. (Europe Press and Reuters).
Source: Aristegui Noticias
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