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A few weeks ago, former US President Donald Trump (77) was sentenced to pay a $454 million fine in the fraud trial in New York. His problem: He doesn’t have that much cash on hand right now.
Now Trump has offered bail of $100 million in New York, as the New York Times reports. Trump said he may have to sell some of his assets to get the money.
But an appeals court judge immediately denied Trump’s request. However, Trump can still appeal to another panel of the court.
Penalty interest charges are added every day
The New York Times sees the ex-US president’s request as a clear sign that Trump does not have the money to pay the full amount. If Trump cannot pay the $454 million demanded, prosecutors could seize his real estate and bank accounts.
The fact that the amount now amounts to 454 million is due to the penalty interest: on top of the originally requested 350 million, another 112,000 dollars are added every day.
It is not the only construction site that endangers Trump’s cash reserves: in addition to the fine in the fraud trial, Trump was also ordered to pay more than $80 million to the author E. Jean Carroll.
In addition, as a real estate entrepreneur, Trump is banned from running a business in New York state for three years. Trump’s sons Eric and Donald Jr. must each pay a fine of about four million dollars and are banned from running a business in New York state for two years. (neo)
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
