NY judge rejects Trump's request to pause payment of $350 million

EFE

A New York judge on Wednesday rejected the request to pause the fine of over 350 million dollars (450 with interest) for former U.S. President Donald Trump (2017-2021). Earlier, Trump had proposed to pay a bond of 100 million while an appeals court reviews the case.

However, Judge Anil Singh did block part of the sentence against Trump from February 16 for various fraud cases in his family company.

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Specifically, the judge paused the prohibition on seeking loans from New York entities for the next three years, which the defense had cited as one of the reasons why the former president would be unable to pay the 450 million.

Although it is not certain how much cash Trump has accumulated, some U.S. media have speculated in recent days that the businessman might be forced to sell some of his properties to pay the fine.

On February 16, Judge Arthur Engoron of the New York Supreme Court ordered Trump to pay over 350 million dollars for various fraud cases in the Trump Organization. He also prohibited Trump from seeking loans from New York banks for three years or serving as a director of any company or legal entity in the state during that time.

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Trump appealed the decision on Monday, and a panel of judges from the appeals court is expected to make a final decision on the case by mid-March.

New York Attorney General Letitia James, who pursued the civil case against Trump for inflating asset values to secure favorable deals with banks and insurers, has threatened to seize his assets if the former president does not pay the money.