Financial fraud fine | Trump offers a guarantee of 100 million

Financial fraud fine |  Trump offers a guarantee of 100 million

(NEW YORK) – Donald Trump has offered a $100 million bond covering less than a third of the fine for financial fraud within his real estate empire for which he was sentenced in mid-February, according to a New York court document on Wednesday.


On Monday, the former US President appealed the ruling of the New York Civil Court issued on February 16, which ordered him to pay fines amounting to $355 million (not including interest amounting to more than $100 million).

The appeal filed Monday also took aim at the court's February 16 order banning Mr. Trump and his adult sons, Donald Jr. and Eric, from conducting businesses in New York state for three and two years, respectively.

Instead of securing the full amount of the fine, Trump's lawyers filed an appeal Wednesday with the Appellate Division of the New York Supreme Court “for $100 million bail,” according to an excerpt of the nearly 1,800-page court document. Made in general.

This is the guarantee that the former tenant of the White House (2017-2021), who intends to run for re-election in November, can pay if the appeal fails.

Trump's lawyers considered that the amount of the fine decided by New York Judge Arthur Engoron on February 16 was “exorbitant and disturbing” and that the “comprehensive ban” on conducting businesses in the state was “illegal and unconstitutional”, making it “impossible.” For insurance and deposit the full security voucher.

In his ruling, Judge Engoron ordered the former President of the United States to pay $354.86 million in fines on charges of financial fraud, and each of his two sons must pay four million dollars.

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New York State Attorney General Letitia James filed a complaint against Donald Trump in October 2022 and forced him, along with his two adult children and the Trump Organization's family group, to go to a civil trial for fraud, which will be held from October to January.

It was later calculated that the fine amount with interest would amount to more than $450 million. On his X account on Sunday, MI James revalued this amount to $464.8 million.

The businessman, who made his fortune in property and has upset the world's leading power democracy, slammed the “totally bogus” ruling and verbally attacked Justices James and Engoron.

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About the Author: Hermínio Guimarães

"Introvertido premiado. Viciado em mídia social sutilmente charmoso. Praticante de zumbis. Aficionado por música irritantemente humilde."

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