(FixThisNation.com) – Following last week’s ruling in the New York civil fraud trial and the judge determining that former President Donald Trump would be required to pay $335 million within the next 30 days, Trump might need to sell a number of his assets in order to pay the fine.
The assets that could be put up for sale include certain of the most iconic buildings of the Trump Organization, including Trump Tower, 1290 Avenue of the Americas, 40 Wall Street, Trump Park Ave, Seven Springs, and the Trump National Golf Club in Westchester.
Currently, it is only speculated that Trump might end up selling any of these properties, and legal experts have pointed out that Trump has strong grounds for appealing in this case.
Alina Habba, Trump’s lawyer, told Martha MacCallum on Monday that even though they were planning on appealing this case they would still be required to post the bond, which is larger than the full amount. As she pointed out this is something that they would need to be prepared for.
Friday’s verdict could ultimately leave Trump owning half a billion dollars or more as Trump would be required to also pay interest on the amount of the fine.
Judge Arthur Engoron ended up imposing $363.9 million in fines for Trump and the other co-defendants in this case. However, when interest is added onto that amount it is brought up to $464 million.
Habba argued that this was an attempt to put Trump out of business but that it would not work ultimately.
Copyright 2024, FixThisNation.com
