355-million-dollar fine
Prosecutor threatens to seize Trump building
Former US President Donald Trump has been ordered to pay 355 million dollars (329 million euros) for financial fraud - according to the ruling, he has 30 days to do so. So far, no money has been paid. New York Attorney General Letitia James declared that she would not shy away from seizing his assets - alluding to the Trump Building.
355 million dollars is a lot of money, even for the real estate mogul - with interest, the value even adds up to more than 450 million dollars, as reported by "Forbes". And it's getting more and more expensive: new interest accrues every day until the sum is paid. Almost 90,000 dollars per day (around 32 million per year) are added to the already high sum.
Prosecutor shows toughness
So far, Trump has made no attempt to pay the fine or post a surety - the latter option would also cost Trump millions more. However, the attorney general's office in New York does not want to be taken for a ride. If Trump does not pay, it will "seek mechanisms in court to enforce the judgment and we will ask the judge to seize his assets," James explained in an interview with ABC television.
The attorney general added that she "looks at 40 Wall Street every day" - the address where the Trump Building is located. However, according to Forbes, the building could only fetch around 80 million US dollars. The total value of 205 million US dollars is offset by debts amounting to 125 million US dollars.
Trump was sentenced to the high fine in a civil trial on Friday. Together with his sons Donald Junior and Eric, he is said to have inflated the assets of the family real estate empire by billions of dollars for years. This enabled them to obtain favorable conditions from banks and insurance companies.
Penalty payment could "wipe out entire cash reserve"
Naturally, Trump did not show any understanding after the ruling - he is exploiting the situation for election campaign purposes and portraying himself as politically persecuted. The situation is also threatening for the real estate tycoon: as the New York Times reported, the fine could "wipe out his entire cash stash".
Kommentare
Liebe Leserin, lieber Leser,
die Kommentarfunktion steht Ihnen ab 6 Uhr wieder wie gewohnt zur Verfügung.
Mit freundlichen Grüßen
das krone.at-Team
User-Beiträge geben nicht notwendigerweise die Meinung des Betreibers/der Redaktion bzw. von Krone Multimedia (KMM) wieder. In diesem Sinne distanziert sich die Redaktion/der Betreiber von den Inhalten in diesem Diskussionsforum. KMM behält sich insbesondere vor, gegen geltendes Recht verstoßende, den guten Sitten oder der Netiquette widersprechende bzw. dem Ansehen von KMM zuwiderlaufende Beiträge zu löschen, diesbezüglichen Schadenersatz gegenüber dem betreffenden User geltend zu machen, die Nutzer-Daten zu Zwecken der Rechtsverfolgung zu verwenden und strafrechtlich relevante Beiträge zur Anzeige zu bringen (siehe auch AGB). Hier können Sie das Community-Team via unserer Melde- und Abhilfestelle kontaktieren.