153
Eric Trump says $454m fine imposed on his father ‘doesn’t exist in this country’
(www.theguardian.com)
this post was submitted on 25 Mar 2024
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This is the best summary I could come up with:
As a court-imposed deadline ticks down on the former president’s family and their businesses to come up with almost half-a-billion dollars, the 40-year-old executive vice-president of the Trump Organization told Fox News on Sunday that bond issuers laughed when he approached them for that sum.
On Friday, Donald Trump said he has nearly $500m in cash and suggested he could afford bond in the New York case, which resulted in the former president, his company and some of its executives all being found liable for fraudulent business practices.
As soon as Tuesday morning, the New York attorney general, Letitia James, could begin to seize Trump’s assets, including his bank accounts and property.
Business executives, including Shark Tank host and investor Kevin O’Leary, have also questioned the massive judgment and the now-expiring, 30-day deadline to meet it.
From the other side of the New York political spectrum, progressive Democratic congresswoman Alexandria Ocasio-Cortez said there was a risk if James decided not to move on Trump’s assets.
Separately, Trump is grappling with more than 80 pending criminal charges across various jurisdictions in connection with efforts to forcibly overturn the result of the 2020 election that he lost to Biden, retaining classified materials after his presidency and hush-money payments.
The original article contains 682 words, the summary contains 206 words. Saved 70%. I'm a bot and I'm open source!