The New York Court accepted this Monday (25) Donald Trump’s appeal to reduce the fine for his tax fraud conviction. Bail fell by more than 60% and the new amount to be paid by the former president will be US$175 million.
As a result, the deadline to pay bail, which would have ended this Monday, was extended and Trump has 10 days to deposit the amount into the court’s account.
With the agreement, Trump also gains time to prevent his assets from being confiscated by the courts as a way of executing the fine for his conviction. The former president ran this risk if there was no agreement and he had not paid the fine.
In addition, the appeals court also reversed other aspects of the conviction, such as the ban on Trump and his sons Eric Trump and Donald Trump Jr., executive vice presidents of the Trump Organization, from holding corporate leadership positions for a few years.
The original value of the fine stipulated by the New York Court was US$454 million. The new value represents a 61% reduction in the bail amount to be paid by the former president. Last week, Trump said he would not have that money and asked for the amount to be reduced.
It is worth remembering that in February, Donald Trump was convicted in the first instance for having defrauded the balance sheets of one of his companies, the Trump Organization, which operates in the real estate sector, with the purpose of obtaining loans and doing business under better conditions.
This Monday, there was an update on another case involving Trump: the Stormy Daniels case. The court did not accept an appeal from the former president’s defense for a further postponement of the start of the trial and maintained the date on April 15.
