As of: March 24, 2024, 10:19 a.m
By: Fabian Hartmann
Comments
Press
Split
Trump has not yet presented the bail amount estimated in the fraud case.
If this doesn't happen by Monday, his assets will be seized.
New York – Donald Trump's core brand includes the image of the extremely wealthy entrepreneur.
But although his fortune is currently estimated by the US business magazine Forbes at around 2.6 billion US dollars, the Republican candidate in the presidential election seems to currently find himself in a financial mess.
According to several media reports, Trump is currently having problems paying a bail amount of more than $450 million including interest to a New York court.
The former US President was sentenced to it in February by US Supreme Court Judge Arthur Engoron, after he considered it proven that Trump had misrepresented his financial circumstances in order to obtain better loan conditions.
New York prosecutor Letitia James had previously filed a lawsuit against Trump.
As a result, Trump has repeatedly publicly lambasted James.
Trump's payment deadline is set for tomorrow, March 25th.
If he does not submit the total $464 million bail by then, he will face confiscation of his assets.
Even personal bankruptcy then seems possible.
Estimated bail of $464 million – can Trump pay it or not?
Last Monday (March 11, 2024), Trump's lawyers said they were unable to secure bail in the fraud case brought by James.
They had previously tried to find a company to post the amount of money set for Trump in court as bail while they appealed the verdict.
However, they failed despite negotiations with around 30 insurance companies, reported the German Press Agency (dpa), among others.
“Very few bail insurers will consider a guarantee of this size,” said Trump’s lawyers.
On Friday, Trump caused a stir with a post on the social media platform Truth Social.
There he claimed to have “almost $500 million in cash” that would allow him to pay bail.
The court has not yet responded to Trump's statements.
Trump's real estate is threatened with seizure if he does not provide the bail required by the court
It remains to be seen whether Donald Trump will deposit the million-dollar bail he has requested with the court by tomorrow.
And which of his assets could be threatened with seizure if the former US President does not deposit the estimated $464 million with the court?
My news
The wave of bankruptcies continues: cult beverage manufacturer is insolvent
Sad background: WDR presenter says goodbye after 16 years of reading
Weather models decide: “The latest forecast for Easter Sunday is a blast” read
After a devastating olive oil test: Edeka and Kaufland are withdrawing affected products from circulation
Skoda's novelty with a combustion engine impresses fans - read “It's sustainable”.
Bavaria's smallest community is shrinking: "We are becoming less and less" read
Donald Trump faces a multi-million dollar bail payment © IMAGO/BRENDAN MCDERMID
The US news portal
Newsweek
has seen a document from the Attorney General's Office listing properties owned by Trump that the court says have "fraudulent" and "misleading" values and could be seized as part of a judicial seizure: In addition to Trump Tower in In Manhattan, the Trump Building on Wall Street, among other things, could be affected by a potential seizure.
If the payment deadline is missed – these Trump properties could be affected by a seizure
There are also a number of other properties and land on the list.
This includes a number of golf clubs on both the east and west coasts of the United States, and two Trump golf clubs in Scotland.
The full list of Trump's assets that would be eligible for seizure, seen by
Newsweek
, includes the following properties:
Trump Tower, New York, NY
Trump Park Avenue, New York, NY
40 Wall Street, New York, NY
Seven Springs, Westchester County, NY
Trump International Hotel and Tower, Las Vegas, Nevada
Mar-a-Lago, Palm Beach, Florida
Trump National Golf Club Westchester, Briarcliff Manor, NY
Trump National Golf Club Charlotte, Mooresville, North Carolina
Trump National Golf Club Colts Neck, Colts Neck, New Jersey
Trump National Golf Club, Washington, DC, Sterling, Virginia
Trump National Golf Club Hudson Valley, Hopewell Junction, NY
Trump National Golf Club Jupiter, Jupiter, Florida
Trump National Golf Club Los Angeles, Rancho Palos Verdes, California
Trump National Golf Club Philadelphia, Pine Hill, New Jersey
Trump International Golf Links Scotland (Aberdeen)
Trump International Golf Links Scotland (Turnberry)
Trump recently sharply criticized the fraud proceedings again
In a post on the social media platform Truth Social, Trump clearly criticized the proceedings against him on Friday: "No trial, no jury, no crime, no victim, just a corrupt judge and a corrupt, Trump-hating Attorney General, who receives her orders directly from the White House.
Election interference at an unprecedented level,” Trump wrote.
The court case is just one of many that Trump is currently dealing with: the main hearing in four other criminal cases has not yet begun, and civil proceedings are also ongoing.
In January, for example, a New York court sentenced Trump to pay more than $80 million in damages to author E. Jean Carroll for defamation.
The Republican appealed, but had to submit a kind of bail amount of more than $90 million to the court.