3800 crore fine, Trump is in another quagmire
- The easiest way for Trump not to hurt himself or lose his wealth is to collect funds by spreading the word to his supporters.
- The easiest way for Trump not to harm himself or reduce his wealth is to raise funds by spreading lies against his supporters. Trump can raise money from supporters by starting a new campaign, but the question is how much money people will give given Trump's declining image and increasing cases. Lawyers' fees in cases against Trump exceeded $40 million last year. No matter how much love there is for Trump, Americans are not stupid enough to empty their pockets for the taxes Trump has done, so it is difficult for Trump to extort money from supporters.
The former President of America Donald Trump is currently sitting on a par. On the one hand, Trump is dying to become the president of the United States again and is putting all his strength to become the presidential candidate of the Republican Party, while on the other hand, the sins of the past are also haunting Trump. Trump is being punished one after another in old cases and is being fined crores. The question of what will happen to Trump due to all these blows is being discussed not only in America but in the whole world.
In one such blow to Trump, the New York court imposed a fine of 35.50 million dollars, and Trump has fallen into another quagmire. Trump was accused of fraud by creating false documents to show the value of his assets to be higher in order to get more loans from banks. In reality, Trump's wealth was 260 million dollars, but in 2015, Trump showed this wealth to be 360 million dollars so that he could cheat the banks and take more loans at low interest. In this case, New York judge Justice Arthur Ngoron found Trump guilty and fined him $35.50.
The hardship of Trump's debt is still not over as the court has also ordered Trump to pay the low interest loan and other charges. The exact amount of this charge has not been decided yet, but Trump will have to pay a total of 460 million dollars, considering that another 100 million dollars may have to be paid in Latka. If calculated in Indian rupees, this amount would be more than 3800 crore rupees.
Justice Ngoren's judgment is like falling for Trump because before this the writer E. Trump was found guilty of sexually assaulting Jean Carroll. The court has ordered Trump to pay $8.33 million in damages to Carroll for the mental torture she suffered due to her defamation and rape. The question of how Trump will pay such a huge amount is still being asked, now Trump has received another blow of 360 million dollars.
Trump has the option of challenging the New York court ruling in a higher court. It is unlikely that the Supreme Court will overturn the fine imposed on Trump as the court's verdict against Trump has been given on the basis of documentary evidence. In America, a jury usually decides any case, but where there is documentary evidence, a jury is not required. The case against Trump also went directly to court because of this.
There is not even a point one percent chance that the lower court's verdict will change in this type of case. If you are very lucky, the judgment will be changed, and what is left is to be thought of as gold. Even if Trump proves to be the lucky one and the fine imposed on him is cancelled, Trump will have to deposit 80 percent of the fine, i.e. about 300 million dollars, in the court before appealing to the Supreme Court. Considering that Trump has to appeal within 30 days and at that time also has to deposit this amount, Trump's problem has increased.
Considering that Trump still personally owns 260 crores of rupees, the amount of 35 crores for him is not small if not very big. This amount is said to be around 15 percent of his total wealth, so Trump will not be on the road to pay the fine, but the problem is that Trump does not have the necessary cash to pay in the bank or even liquid assets.
Under these circumstances, Trump has to sell or mortgage some of his assets that earn him millions every year. Trump has another option. Trump to present bond in court. Meaning, even if a third party pays the fine by becoming a guarantor in the court on behalf of Trump. Of course no one is going to feel sorry for Trump like that. In return, one has to pay crores of fees and interest.
Usually 10% of the bond amount has to be given to the third party. Even if Trump wins the case, this amount will not be returned, so Trump will be hit with 3.50 million dollars. One option Trump has is to sell his stake in Trump Media and Technology Group. In all these options, Trump will suffer a big financial blow.
The easiest way for Trump not to hurt himself or lose his wealth is to raise funds by spreading lies against his supporters. Trump is running two campaigns to raise money to run for president. 10 percent of the money raised from it is spent on the cases against Trump. Trump could raise money from supporters by launching a new campaign.
Of course, the question is how much money people will pay given Trump's declining popularity. Lawyers' fees in cases against Trump exceeded $40 million last year. No matter how much love there is for Trump, Americans are not stupid enough to empty their pockets for the taxes Trump has done, so it is difficult for Trump to extort money from supporters.
It will be known very soon what Trump will do, but given the way Trump is getting bogged down in cases, he may be disqualified from contesting the elections at the end of the year. If that happens, Trump will fall completely because his last hope rests on becoming the president of America again. If Trump becomes the president again, there is no doubt that he will get rid of all the cases against him.
- Trump will have to pay $8.33 million to A Carroll who was raped in the trial room
In January, the court ordered Donald Trump to write E. Instead of defaming Jean Caro, the court ordered him to pay $8.33 million. The verdict in the defamation case comes from Carroll's accusations of rape and defamation against Trump.
Carroll alleges that in 1996, he suddenly met Trump at the Bergdorf Goodman department store. Trump wanted to buy a tie so he used to try different ties. Trump took Carroll into the dressing room under the pretense of seeing how a tie looked on himself. Closing the door of the dressing room, he pressed Carol's mouth and had sex with her. In an article written by Carroll in New York magazine in 2019, Trump blasted that he had raped her. Then he repeated this in his book.
Trump called Carroll a liar and threatened to sue Carroll for defamation. Instead of fearing the threat, Carroll filed a defamation suit against Trump for calling himself a liar. Trump has to pay 8.33 million dollars in this case.
Carol Trump will still have a hard time because Carol Trump has collected details of more than two dozen young women with whom he sexually assaulted Havas and put them in court. In all these cases, Trump may have to pay compensation to the women.
Trump has assets of 260 million dollars but less liquid assets
Donald Trump has a wealth of 260 million dollars, in which liquid assets, i.e. cash or assets that can be immediately sold and converted into cash, are very less.
Trump's assets include golf clubs, hotels, wineries and resorts worth $870 million, real estate properties in New York City worth $690 million, and assets outside New York City worth $190 million. Social media and brand business is valued at $160 million while cash and personal assets are at $640 million. Trump is in the running for the US presidential election, so he cannot afford to be tight-fisted by withdrawing cash or liquid assets.
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