The New York Court of Appeal temporarily put an end to Donald Trump’s ordeal on Monday by temporarily suspending the imminent execution of the judgment handed down last February against the billionaire for conspiring to manipulate the accounts of his real estate empire.
The Republican candidate for the next American presidential election announced last week through his lawyers that he was unable to obtain a guarantee of the bail he must pay to support the appeal he has filed. filed in this fraud lawsuit. The amount stood at 464 million on Monday, the deadline offered to the ex-president to fulfill this legal obligation.
In a terse decision, however, the appeals court’s five-judge panel gave the Trump Organization and its top executives 10 more days to post a lower bond amounting to $175 million, otherwise the judgment would then be executed, thus exposing Donald Trump to possible seizure by the courts of some elements of his real estate assets.
However, if the populist has just obtained a breath of fresh air in this affair which, with several others, punctuates his new race towards the White House, his image still risks being damaged.
It is that by displaying an “impossibility” of having such a high deposit guaranteed, after having contacted around thirty companies involved in the matter, the billionaire has in fact been hit to the heart in his reputation as a formidable negotiator and uncompromising character that he likes to display, and that of a successful and wealthy businessman who paved his way to the American presidency in 2016 and on whom he is still counting on to return there in 2024.
“All of this completely undermines the brand [de Donald Trump] which he uses mainly to make money all over the world, not just in the United States,” summarized criminologist Nikos Passas, a specialist in criminal justice at Northeastern University, in an interview on CNN. “Ultimately, this could really mean the end of Trump’s business in New York but also lead to further problems for him in other jurisdictions. »
On his social network, Donald Trump announced Monday that he would respect the decision of the court of appeal and post “either a deposit, equivalent securities or cash”, he wrote while asking himself once increasingly an innocent victim of New York justice.
Friday, on the same network, the populist boasted that he had less than eight months before the 2024 presidential election, Donald Trump seems to be having difficulty attracting donors, unlike his opponent in the race, Joe Biden. “nearly $500 million in cash,” a “substantial sum that I intended to use in my election campaign” and raised “through my hard work, talent and luck,” he said. he added, to maintain his own myth.
Shortly before the appeal court’s decision, former federal prosecutor Andrew Weissmann predicted, however, that Donald Trump’s inability to post the 464 million bail would certainly change his image “radically in the eyes of many people because he has always presented himself as a successful billionaire,” he said, quoted by Agence France-Presse.
For lawyer Mark Zauderer, a regular in New York courtrooms, Donald Trump has been exposed for months to “slow torture” from which he cannot emerge a winner, including by seeking to delay deadlines and limit certain damage. “Trump has nothing to gain here,” he said in the pages of the New York Times on Monday. “The only question is: how much will he lose and how long will it take. »
As Monday’s deadline approached, uncertainty hovered over Donald Trump’s real estate empire over which New York State Attorney General Letitia James could have exercised control as early as Tuesday. seized to collect the money owed in this lawsuit. Last week, she also published the judgment condemning Donald Trump to a fine of some 350 million for fraud – without interest – in Westchester County, where the golf course and the private estate of Donald Trump known as the name Seven Springs. This procedure is usually the first step towards foreclosure.
On Friday, the Republican candidate sought to exploit this threat to encourage his supporters to contribute to his electoral fund. In an email, he called on his base to support him financially against Democrats who are seeking to get their hands “on Trump Tower,” he said without providing proof. He also reiterated his baseless accusations that Joe Biden coordinated this trial, of which he claims to be a victim.
The force of the war
In 2023, political action committees supporting the populist spent at least $64 million to cover his legal costs, according to documents filed with US election authorities. After taking control of the Republican National Committee by placing several of his close friends there, including his daughter-in-law Lara Trump, as vice-president, Donald Trump passed a donation-sharing agreement last week. between the organization and the financial arm of its electoral campaign. The goal ? Allow the use of a portion of party members’ contributions to finance its numerous legal setbacks and the lawyer bills that come with it.
Less than eight months before the 2024 presidential election, Donald Trump appears to be having difficulty attracting donors, unlike his opponent in the race, Joe Biden. At the end of February, the Democratic Party announced that it had $155 million in cash to orchestrate the re-election of its candidate. The populist’s team boasts of having $42 million in its accounts, while the Republican National Committee has an additional $11.3 million.
On Monday, Donald Trump confirmed his unique status as candidate for the presidency of the United States, by finding himself facing two different courts in New York City on the same day. While the five judges of the court of appeal granted him 10 days to post his bail, another magistrate rejected his lawyers’ request to further delay the start of his criminal trial for secret payments made during his 2016 presidential campaign in order to hide his extramarital affair with a porn actress.
The ex-president’s team claimed not to have had enough time to consult the evidence accumulated against Donald Trump and accused the prosecutors in this case of “misconduct”. Charges dismissed by Judge Juan M. Merchan who set April 15 for the start of this trial which will thus become the first of four criminal trials that the Republican candidate could have to face during his electoral campaign.