NewsTrump on the verge of severe sanctions

Trump on the verge of severe sanctions

The deadline for payment of his $464 million fraud trial is just around the corner. Will Donald Trump succeed in getting the money? Probably not, but he is not so far away from getting the cash from the stock sale of his Trump Media company.

Former U.S. President Donald Trump awaits the start of a hearing at New York Criminal Court in New York, New York, USA, 25 March 2024. Trump is facing 34 felony counts of falsifying business records related to payments made to adult film star Stormy Daniels during his 2016 presidential campaign. EPA/JUSTIN LANE / POOL Dostawca: PAP/EPA.
Former U.S. President Donald Trump awaits the start of a hearing at New York Criminal Court in New York, New York, USA, 25 March 2024. Trump is facing 34 felony counts of falsifying business records related to payments made to adult film star Stormy Daniels during his 2016 presidential campaign. EPA/JUSTIN LANE / POOL Dostawca: PAP/EPA.
Images source: © PAP | PAP/EPA/JUSTIN LANE / POOL

What happens if Donald Trump does not pay the fine today or the court does not agree to shift the deadline?

It is hard to asses, but legally speaking the court will be able to freeze all his bank accounts and start execution of his real estate properties and other assets. The process of execution could be started.

Where is Donald Trump right now?

Donald Trump is in New York right now, specifically at the New York Criminal Court where he is trying to convince the court to delay the deadline of his payments. Shall the deadline be delayed he could be able to get the money from the stock market sell of his media company Trump Media which has estimated value at about $3 billion dollars and Trump has about 58% of its stocks. Should be enough for the fine and some very badly suited suits too.

It is not the end of the hard day for Trump

The issue for Donald Trump's sleep and his spring day in New York is the fact that it is not the only legal case that he is taking care of today. There are also the cases of Mar-A-Lago documents trial and the defamation trial.

CNN News reports on what could happen if Donald Trump fails to pay the fine:

In theory, officials can begin the complicated legal process of taking his assets, barring any other strategic legal maneuvering from state prosecutors and countering from Trump’s legal team. Officials will have to weigh what assets they want to take, whether it’s his bank accounts or his properties. Experts think the first action should be seizing his bank accounts. (...)
Taking money from Trump’s accounts requires state prosecutors to ask the New York City Sheriff or a US Marshall to go into the main branch of whichever bank Trump has his money, armed with a court order.

CNN

To read the full article on CNN News go to: https://edition.cnn.com/2024/03/24/politics/what-happens-trump-civil-fraud-bond/index.html

Follow the coverage of the presidential campaign on essanews.com

Sources: BBC News; CNN News

Related content
© essanews.com
·About us
·Terms of service
·Contact us
·Privacy policy
·

Downloading, reproduction, storage, or any other use of content available on this website—regardless of its nature and form of expression (in particular, but not limited to verbal, verbal-musical, musical, audiovisual, audio, textual, graphic, and the data and information contained therein, databases and the data contained therein) and its form (e.g., literary, journalistic, scientific, cartographic, computer programs, visual arts, photographic)—requires prior and explicit consent from Wirtualna Polska Media Spółka Akcyjna, headquartered in Warsaw, the owner of this website, regardless of the method of exploration and the technique used (manual or automated, including the use of machine learning or artificial intelligence programs). The above restriction does not apply solely to facilitate their search by internet search engines and uses within contractual relations or permitted use as specified by applicable law.Detailed information regarding this notice can be found  here.