As of: March 25, 2024, 4:51 p.m
By: Erkan Pehlivan
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In order to appeal, Trump has to raise half a billion dollars - actually.
Now a New York court has decided differently.
Update from March 25th, 4:46 p.m.:
Lucky for Donald Trump: The ex-president does not have to deposit the entire sum of $454 million as an appeal deposit for the time being.
Instead, the 77-year-old has to deposit “only” $175 million (around €160 million) within ten days.
The decision was made by the responsible appeals court in New York.
Trump is said to have artificially inflated real estate because of cheap loans
New York - A deadline for former US President Donald Trump expires on Monday (March 25, local time): He is expected to provide security of almost half a billion dollars after his conviction for business fraud.
The New York judiciary requires that the presidential candidate deposit around 454 million dollars (418 million euros) or provide bail bonds of this amount.
The amount corresponds to his fine plus interest.
A judge imposed the punishment because Trump is said to have artificially inflated the value of his real estate empire in order to get cheap loans from banks and other lenders.
Trump has appealed, but will have to provide security in case he fails.
A few days ago, his lawyers declared that the expected renewed presidential candidate for the 2024 US election would not be able to perform.
This threat has not been averted by the fact that the IPO of his media company TMTG was decided on Friday - Trump initially has no access to the resulting billions in revenue.
The Republican has until March 25 to post bail.
Otherwise, New York prosecutors could begin seizing some of his assets.
So far, the ex-president has not been able to say how he will raise this sum.
Donald Trump has to pay almost half a billion US dollars in bail.
© IMAGO/Ron Sachs
Meanwhile, the US magazine
Newsweek
has published a list of properties whose values have apparently been inflated:
Trump Park Avenue, New York, NY
Trump Tower, New York City.
40 Wall Street, New York City.
Trump Seven Springs, Westchester County, NY
Trump International Hotel, Las Vegas.
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.
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Criminal proceedings against Trump for hush money payments
Also this Monday, a court in New York could set a new - and possibly soon - date for the start of the trial in a criminal case against Trump in connection with hush money payments to a porn actress.
The public prosecutor's office wants the main proceedings to begin in mid-April, but the Republican's lawyers are trying to delay the proceedings further.
There has never been a criminal trial against a former president in US history.
The hearing in the hush money trial on Monday morning (local time) will focus on procedural questions.
According to the
New York Times,
Trump also wants to take part in the hearing himself.
In the case, Judge Juan Merchan had briefly postponed the start of the trial, originally scheduled for Monday, by 30 days in mid-March after the defense and prosecution had requested a delay.
The public prosecutor's office had asked for more time to examine new evidence, but is now calling for the trial to begin in mid-April.
Observers believed it was likely that Merchan would now set a new date for the start of the trial.
“Non-disclosure agreements” are not illegal in the USA
The case in New York revolves primarily around a hush money payment of $130,000 to the porn actress Stormy Daniels - the money flowed in 2016 shortly before Trump was elected president.
She had claimed that she had had sex with him.
Trump denies an affair, but does not deny that money was flowed.
Non-disclosure agreements between two parties are not illegal in the United States.
However, Trump is accused of illegally recording the payments, trying to conceal them illegally and thereby trying to cover up other violations of the law.
The ex-president has pleaded not guilty.
Four criminal trials against Trump
A total of four criminal trials are currently being prepared against Trump (77), including for attempted election fraud and taking secret government documents.
In some cases, Trump, who wants to be re-elected president in November, and his lawyers have already successfully blocked or at least delayed them.
The hush money trial involves less serious allegations than the other cases, but experts say it is the trial that could possibly be completed first.
Trump denies all allegations against him and sees himself as a victim of a politically motivated justice system.
Trump has already been sentenced to pay $80 million in damages
In January, a New York court ordered the wealthy real estate entrepreneur Trump to pay more than $80 million in damages to the author E. Jean Carroll in a civil defamation case.
The Republican appealed, but had to pay a kind of bail of more than 90 million US dollars (about 83 million euros) with the court.
(erpe/dpa/AFP)