News Formal

Appellate Judge Refuses To Freeze Trump Civil Case Fine But Lifts Ban On Trump Seeking Loans And Running Business

  • 📰 LegInsurrection
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 95%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

'The ruling by Justice Anil Singh ratchets up pressure on Trump to either pay the full amount—nearing half-a billion dollars with interest—or put up a bond that Trump’s lawyers estimated at $550 million to hold off collection while he appeals.'

Appellate Judge Refuses To Freeze Trump Civil Case Fine But Lifts Ban On Trump Seeking Loans And Running Business

New York Trial Court Justice Arthur Engoron ordered Trump to pay $355 million and another $100 million in interest for supposedly defrauding someone. I guess the banks, even though the banks defended Trump.Trump has to post a bond in the full amount “to stop enforcement of the judgment” while he appeals.

Lawyers for Trump, a billionaire and Republican presidential front-runner famously boastful about the size of his wealth, acknowledged he lacks the liquidity to cover the judgment. They said he might have to unload his prized real estate in a fire sale without judicial intervention. What do I mean? Well, in 2023 alone, James spent over $28,500 on hotels. Over $15,000 of that was spent on luxury hotels in Puerto Rico.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: globebusiness - 🏆 31. / 66 Läs mer »

Donald Trump must pay US$354.9M, barred from N.Y. business for 3 years, judge rulesDonald Trump must pay US$354.9 million in penalties for fraudulently overstating his net worth to dupe lenders, a New York judge ruled on Friday, handing the former U.S. president another legal setback in a civil case that imperils his real estate empire.
Källa: CTVNationalNews - 🏆 82. / 51 Läs mer »