2024-03-18 19:56:00
“Practically impossible”
Trump can’t pay $450 million fine
Former US President Donald Trump will probably have to dig deeper into his pockets than he is capable of. Because of a fraud trial, he has to deposit $450 million. According to lawyers, he cannot guarantee this amount.
Published: 8:56 p.m
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Updated: 59 minutes ago
Donald Trump (77) has serious money problems. He cannot guarantee his 450 million fine.
According to his lawyers, former US President Donald Trump cannot currently guarantee the payment of a fine from a fraud trial amounting to more than 450 million dollars (around 415 million euros).
Despite great efforts and negotiations with around 30 companies, it has not yet been possible to obtain such a guarantee, according to a letter from his legal team to the responsible court in New York, from which the US media unanimously quoted on Monday. It was “practically impossible,” it was argued.
Million dollar fine for fraud case
The lawyers therefore asked the court to either suspend payment of the fine, which was due in a week, or to initially accept a guarantee of payment of only $100 million. The judge responsible initially did not react.
In February, the 77-year-old, who wants to be re-elected US President in November, was sentenced to a fine of more than $350 million in the fraud trial. With interest, the total amount is more than $450 million. The judge’s ruling also means that the real estate entrepreneur is not allowed to operate a company in New York state for three years. Trump has appealed.
In the civil lawsuit, Trump, his sons and employees were accused of manipulating the value of the “Trump Organization” for years in order to get cheaper loans and insurance contracts. (SDA)
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