Aviva Fried (US correspondent) / Photo credit: JOE RAEDLE / GETTY IMAGES NORTH AMERICA / GETTY IMAGES VIA AFP
Donald Trump has until Monday to find $500 million in bail, so he can appeal his fraud conviction in New York. A sum that the former president has not yet found. His lawyers filed a motion, asking that he be exempted from this bond. While waiting for a decision, what will happen at the deadline?
Tick, tock, the clock is ticking. Donald Trump must pay a colossal fine reaching nearly $454 million, including interest, for multiple convictions. And the real estate tycoon, candidate for the American presidential election, simply risks losing everything he owns. On ABC, New York prosecutor Letitia James announced that she would not hesitate. “If he does not have the funds to pay the judgment, we will ask the judge to seize his property. He is guilty of massive fraud, it was not a simple mistake,” explains- she severely.
His real estate possibly seized?
The prosecutor should seize Donald Trump’s bank accounts and put his real estate up for sale. But she could still wait for the court’s response, on the possible bail exemption requested by the former president. If this is not granted, Donald Trump could also declare bankruptcy, which would allow him not to pay. But it would not be very good for his image as a billionaire who succeeds in everything and for whom we must therefore vote.
On his social network, the former president nevertheless claimed that he had $500 million in cash, but that he intended to use it for his campaign, which is not very credible. Finally, his social network could be his lifeline: Donald Trump has announced his next IPO for three billion dollars. But the former president will not have the right to sell his shares for six months, which will be far too late. Deadlock ?