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Trump faces bankruptcy in court - verdict expected soon

2024-02-16T09:40:38.286Z

Highlights: Trump faces bankruptcy in court - verdict expected soon. Donald Trump could be convicted in New York on Friday. His lawyer expects the worst. Trump's legal team has so far failed to prevent charges against him for attempted election manipulation in Georgia. In New York, an attempt to postpone the start of the trial against Trump in the case of hush money payments to Stormy Daniels failed. Trump faces an astronomically high fine and a lifetime ban from the New York real estate market. He could also be forced to sell parts of his real estate empire.



As of: February 16, 2024, 10:30 a.m

By: Daniel Dillmann

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Things are happening in quick succession: Donald Trump could be convicted in New York on Friday.

His lawyer expects the worst.

New York – He is doing very well in the polls for the Republican primaries for the 2024 US election.

But Donald Trump is currently facing one setback in court.

In the US state of Georgia, Trump's legal team has so far failed to prevent charges against him for attempted election manipulation.

In New York, an attempt to postpone the start of the trial against Trump in the case of hush money payments to Stormy Daniels failed.

Another civil trial against Donald Trump is also nearing its end in New York.

This began with the lawsuit filed by public prosecutor Letitia James.

She accused Trump and his family business, the Trump Organization, of falsifying balance sheets and real estate values ​​in order to either evade taxes or get cheap loans.

40 witnesses were heard in the trial, including:

Donald Trump's children among witnesses in New York trial

  • Allen Weisselberg, longtime chief financial officer of the Trump Organization

  • Donald Trump Jr., eldest son of Donald Trump and CEO of the Trump Organization

  • Ivanka Trump, the eldest daughter, former White House adviser and vice president of the family company

  • Eric Trump, second son and current vice president of the Trump Organization

The trial ended in January 2024. A verdict is still pending, even though the responsible judge, Arthur Engoron, has already stated that Donald Trump is guilty of fraud.

According to information from the news portal

The Hill,

a verdict is expected this Friday (February 16).

Donald Trump faces an astronomically high fine

The punishment that Donald Trump is facing in New York is tough.

Prosecutor James is demanding no less than $370 million from the promising Republican candidate for the US election.

The former reality TV star and billionaire heir is also expected to receive a lifetime ban from the New York real estate market.

But according to research by the

Daily Beast

news portal , the penalty could be even higher.

Trump could be forced to pay interest on top of the fine, which would have been collected since the investigation began in 2018.

That could mean an additional $200 million in fines and Trump having to pay an astronomical sum of more than $500 million.

US experts firmly believe that Trump would not be able to raise this amount from petty cash.

The former president would then probably be forced to sell parts of his real estate empire.

Donald Trump is currently spending a lot of time in the New York courtroom.

© IMAGO/Seth Harrison

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The seriousness of the situation is now apparently making Donald Trump's team nervous.

His lawyer Alina Habba was pessimistic in an interview with the ultra-right TV channel

Newsmax

.

“I don’t have high hopes,” said the 39-year-old lawyer.

She doesn't expect any surprises, but she does expect her client to be convicted.

“If I could appeal now, I would do so,” said Habba, who immediately promised her audience the next rumbling performance in New York: “I will be loudly short-tempered after the decision.” (dil)

Source: merkur

All news articles on 2024-02-16

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