According to CNN, former US President Donald Trump's lawyers admitted he did not have enough cash to appeal the financial fraud case in New York.
Last month, federal judge Arthur Engoron in New York state ruled that Mr. Trump must pay a fine of $354,9 million on charges that he unjustly inflated and manipulated asset values. legally to obtain bank loans and preferential insurance terms.
Plus interest, Mr. Trump must pay a total fine of $464 million. The implementation deadline is 30 days from the time Judge Engoron issued the official ruling on February 23. Otherwise, the New York Judicial Executive has the right to confiscate the assets of the former president,
Mr. Trump's lawyers revealed that so far, the former president, his two sons and other Trump Group executives have approached 2 guarantee companies but were unsuccessful. Mr. Trump's side also argued that the $30 million fine was "completely disproportionate" because "there was no victim, because there was no damage and there was no financial loss" in the lawsuit.
Mr. Trump's lawyers also called on the appeals court in New York state to delay the implementation of Judge Engoron's ruling, citing the reason the fine amount was too large, and asked the court to allow Mr. Trump deposit 100 million USD during the appeal period.
In addition to civil lawsuits, Mr. Trump is currently facing criminal charges in four other cases.
THE SOUTH
