Donald Trump contributed 175 million dollar bail in a fraud case

Former US President Donald Trump paid 175 million dollars on Monday. bail to gain the right to appeal the New York court’s decision in the fraud case. Mr. Trump paid the bail through Knight Specialty, a California-based insurance company, according to reports court documents.

In February of this year, a New York court found D. Trump guilty of falsifying the Trump Organization’s financial data. The court ruled that Donald Trump had been providing inflated data about his company for a decade in order to get more favorable loan terms.

At that time, the court awarded 354.9 million. USD fine, which was later increased to 454 million. dollars.

Trump’s lawyers appealed the court’s decision, arguing that the former White House chief, who is now running for president again, would not be able to pay such a large bail.

Therefore, the American media actively discussed the possible bankruptcy of the former president and the subsequent confiscation of part of his property to pay the fine.

However, last week the court satisfied D. Trump’s demands and reduced the bail amount to 175 million. dollars. She was given ten days to pay. Trump made the payment within that deadline, and the fraud case will now go to an appeals court.

If the lower court’s decision is upheld, the former president will have to pay the full fine.

In March, Donald Trump contributed $92 million. dollar bond for an appeal in another case – because of libel against the writer Jean Carroll. Last May, the court admitted the former president is accused in the case of the attempted rape of Mr. Carroll in 1996.

The court ordered him to pay 2 million to the victim. dollars as part of the lawsuit, as well as another 3 million compensation for defamation and damage to the journalist’s reputation. But Trump has since called the reporter a liar, prompting her to file a second lawsuit against the former president. The court sided with the writer for the second time.

As noted by The Wall Street Journal, despite the difficulties associated with these lawsuits, Donald Trump effectively avoided further monetary sanctions at least until the end of the presidential election, which will be held in November of this year. Appeals in these cases will not begin until the fall.

However, Trump remains a defendant in several other cases. So on April 15 The first hearing in the 2016 payments case to porn star Stormy Daniels is scheduled to take place in New York. on the eve of the presidential election.

In addition, the former president faces criminal charges related to an attempted storming of the Capitol, an attempt to interfere in the presidential election in Georgia, and violations of classified documents while he was president.