2 apr 2024 om 05:28 Update: 27 min. geleden
Donald Trump has paid a bail of 175 million dollars (163 million euros) to appeal a fraud case. In this way he temporarily prevents the New York State authorities from seizing his assets.
Trump was found guilty of fraud in February. A New York court ruled that he may have exaggerated how much money he has to deceive investors and lenders.
The former American president was fined a total of 454 million dollars (419 million euros). In order to appeal the ruling, he initially had to pay that amount as a deposit.
Last week, the court lowered the amount to $175 million. Trump had to pay that amount within ten days. The Republican met that condition with his payment on Tuesday.
If Trump loses the appeal, he will also have to pay the rest of the fine. If he wins, he gets his money back. It is not yet known when the appeal will be filed.
Posting the bail prevents prosecutors from seizing Trump’s accounts and assets. American media report that his Trump Tower in New York, his golf resort in Westchester and his Mar-a-Lago residence, among others, were on the list for seizure.
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Tags: Trump pays million bail prevents seizure money property
