At the dawn of a presidential election that promises to be financially demanding, Donald Trump's fortune could be on a roller coaster ride.
The former tenant of the White House must provide the New York justice system by Monday with a guarantee that he will pay nearly half a billion dollars in fines for financial fraud within his real estate empire, after his civil conviction in February.
Even if he appealed, the decision taken at first instance is “accompanied by provisional execution”, says Terrence Richoux, a Franco-American lawyer specializing in commercial law.
Thus, if the fine is not paid on Monday, “his appeal will be rejected, and the first instance decision becomes immediately enforceable”.
Trump is therefore playing big: without this financial guarantee, he exposes himself to a humiliating seizure of his assets - like the Trump Tower on 5th Avenue - or even to a declaration of bankruptcy.
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