As of: March 26, 2024, 11:58 a.m
By: Christian Stör
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Donald Trump originally had to make an extremely high bail in New York.
Rich friends wanted to help him raise the money.
This is no longer necessary.
New York – Donald Trump needs money – urgently.
After all, he has to shell out a million-dollar fine in his fraud trial in New York.
But even Trump apparently couldn't easily raise a sum of more than $450 million.
Good advice was expensive.
Could someone help him out?
Trump was lucky – for two reasons.
For one thing, an appeals court reduced his bail and gave him more time to pay.
On the other hand, he would probably have received help from the highest financial circles at the last second.
Donald Trump can look forward to help from financial sharks.
© Curtis Means/afp
Financial sharks are raising money for Donald Trump
Apparently some financial sharks organized a collection for the former US president, who, according to his team, was unable to raise the sum demanded by the court.
However, after the decision of the appeals court in New York, the fundraising campaign was no longer necessary.
This was reported by three people familiar with the matter to the
Reuters
news agency .
But who is one of those friends who were willing to support the ailing Trump even in times of extreme financial need?
Two names were mentioned by
Reuters
: John Paulson and Harold Hamm.
Neither immediately responded to requests for comment.
Billionaires support Donald Trump's election campaign
Both are billionaires.
Paulson is a hedge fund manager, the oil and gas magnate Hamm is the founder of the company Continental Resources.
Both are also involved in an upcoming campaign fundraiser for Trump.
Paulson is listed as host and Hamm as co-chair on the invitation for the event.
The money collected there will be used to support Trump's election campaign, the Republican leadership committee and an organization that has already covered part of Trump's legal fees.
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As early as mid-March, according to a report, Trump had brought Paulson into discussion as finance minister if he won the US election in November.
Paulson's name was mentioned in recent deliberations, the
Bloomberg
agency reported , citing people familiar with the matter.
The discussions are informal and preliminary.
But Trump has not yet made a decision about a possible cabinet.
A Trump spokesman said there had been no consideration of who would serve in a second Trump administration.
Paulson is the founder of Paulson & Co.
Fundraising for Trump is no longer an issue at the moment
When asked, Trump campaign spokesman Steven Cheung denied that there had been a fundraiser.
Trump has “more than enough money” to pay for the security deposit himself.
In any case, the issue is no longer acute at the moment.
Trump can probably raise the guarantee of 175 million dollars (around 160 million euros) within ten days without help.
In any case, the 77-year-old immediately announced that he would fulfill the conditions: “I deeply respect the court’s decision and will deposit the $175 million in cash, bonds or guarantees,” he said.
In mid-February, Trump was ordered to pay $354.9 million plus interest, which is continually added up.
He was given 30 days on February 23 to provide that amount or a security deposit.
The judge found it proven that the former president had overstated his assets in order to defraud lenders.
As in all of his legal proceedings, Trump denies any guilt.
(cs)
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