Donald Trump filed a $175 million guarantee with the American courts on Monday, avoiding the humiliating prospect of legal seizures of his assets after his conviction to pay $454 million in fines for financial fraud in February, according to a court document released audience.
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The former President of the United States, candidate for his return to the White House, had until Thursday to post this guarantee covered by an insurance company and which is equivalent to a deposit, in this civil case in which he appealed .
This guarantee gives him a breath of fresh air, while he must be tried from April 15, on criminal charges this time, in a case of hidden payments to cover up embarrassing affairs in 2016, a historic first for a former American president .
A New York appeals court had lightened a week ago the financial pressure on the 77-year-old Republican billionaire, by reducing the bail in the civil case to 175 million.
“ I deeply respect the decision of the court of appeal and I will deposit 175 million dollars (…) very quickly, within ten days », Reacted the Republican candidate for the November presidential election, who increased virulent attacks against his judges in the cases in which he is being prosecuted.
Donald Trump was sentenced in mid-February to $454 million in fines with his sons Eric and Don Jr., for financial fraud within their real estate empire Trump Organization. They were accused of having inflated the assets of their real estate assets, such as the Trump Tower or the 40 Wall Street building in New York, to the tune of several billion dollars throughout the 2010s to be granted larger loans. favorable from the banks. After the conviction, New York State Attorney General Letitia James threatened to launch legal seizures to recover the value of the fine, citing the building at 40 Wall Street.
The legal obstacle course is, however, far from over for the former president of the United States, who flew through the primary for his party’s nomination in the presidential and will face Joe Biden in November, unless there is a surprise, because he still sees four criminal cases standing before him.