Donald Trump awaits the start of a hearing in New York City Criminal Court, New York, U.S., February 15, 2024.
Donald Trump has been ordered to pay nearly $355 million US in penalties for fraudulently overstating his net worth, a New York judge ruled on Friday. But does the former U.S. president have enough money to pay it off?Donald Trump awaits the start of a hearing in the New York City Criminal Court on Feb. 15. Donald Trump has been ordered to pay $354.9 million US in penalties for fraudulently overstating his net worth to dupe lenders, a New York judge ruled on Friday.
Between Friday's ruling and the two judgments in Carroll's case, Trump would be on the hook for about $542 million US in legal judgments. As part of Friday's ruling, the judge also ordered both of Trump's sons to pay $4 million apiece.Trump's legal bills appear to be piling up for donors, according to election expenses reportIt's possible some of the high-dollar amounts could be reduced on appeals.
Trump could also post a smaller amount with collateral and interest by securing a type of loan called an appeal bond. But he could have trouble finding a lender after Justice Arthur Engoron ruled Friday that he'd lied to banks about his wealth. At the end of the day, it'll be up to the courts to decide how much Trump must put up as he mounts his appeal.
"The likelihood of the Federal Election Commission in its current configuration pursuing these violations is not terribly great," said Daniel Weiner, director of the Brennan Center's Elections and Government Program.Legally, the consequences Trump would face are the same ones facing any American refusing to pay a legal judgment.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Judge orders Trump and his companies to pay $355-million in New York civil fraud caseFormer president won’t have to pay out the money immediately as an appeals process plays out, but the verdict still is a stunning setback
Lire la suite »
Trump Ordered to Pay $355 Million in Fines for Manipulating Net WorthA New York judge has ordered Donald Trump and his companies to pay $355 million in fines, plus interest, for manipulating his net worth in financial statements. This comes shortly after Trump was ordered to pay $83.3 million to E. Jean Carroll for damaging her reputation after she accused him of sexual assault. With interest payments, these judgments could significantly impact Trump's personal fortune.
Lire la suite »
Trump liable for $354.9M in civil fraud case, New York judge rulesFormer U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 6, 2023. REUTERS/Brendan McDermid/Pool
Lire la suite »
Donald Trump Unveils Trump-Branded Sneakers at Sneaker ConFormer U.S. president Donald Trump made a highly unusual stop at Sneaker Con to unveil his new Trump-branded sneakers. The launch comes after a judge ordered Trump to pay $355 million in penalties for lying about his wealth.
Lire la suite »
New York Islanders win in Patrick Roy's debut as coachBo Horvat scored the winning goal in overtime as the New York Islanders defeated the Dallas Stars 3-2 in new coach Patrick Roy's first game. The Islanders had previously struggled on a four-game trip, going 0-3-1.
Lire la suite »
Igor Shesterkin gets first shutout of season as New York Rangers beat Calgary Flames 2-0Igor Shesterkin stopped 30 shots for his first shutout of the season and the New York Rangers beat the Calgary Flames 2-0 on Monday night for their fifth straight win.
Lire la suite »