USA: Trump Posts $175 Million Bail
The money was paid as part of the Trump Organization's lawsuit over inflated assets
After paying a $175 million bail, Donald Trump has suspended a verdict related to a New York City lawsuit alleging overstated assets of his companies, whose operations were designed to get favorable terms with banks and insurance companies.
Thus, the US presidential candidate is wasting time filing appeals, avoiding the seizure of his assets after a $454 million fine imposed by a New York court.
The month of April opened lively for the tycoon, who did not miss the “April Fool’s joke” by announcing that he was withdrawing his candidacy for the presidential election. The joke was sent out to his supporters via email and text messages. The first post was followed by a second, in which Trump provided a link to a website where you could donate to his campaign and an offer that read: “Did you really think I was going to suspend my campaign?”
What happened to his Truth social media site is not as “funny.” Trump Media & Technology Group shares lost more than 20 percent on Wall Street; the big takeaway is the SEC filing that reported 4 million in revenue versus 58 losses in 2023. Trump Media’s global value has fallen to $3.7 billion from a peak of $6 billion.