The former President of the United States, Donald Trump, who aspires to return to the White House soon, managed to cancel a bail before the US justice system for USD 175 million to avoid the seizure of his properties.

Let us remember that Trump was accused of allegedly inflating the prices of his real estate to obtain better credit from banking institutions. In mid-February, the Republican was fined USD 454 million, as were his sons Eric and Don Jr., accused of financial fraud within his Trump Organization real estate empire. The deadline for payment was established at that time for next Thursday, April 4, to deliver the bond in this case and for which the appeal was filed.

The candidate to win the presidential election on May 5 declared: “I deeply respect the decision of the appeals court and I will pay 175 million dollars (…) very quickly, within ten days.”

By paying bail for the financial fraud case, Trump avoided the seizure of his assets while he appeals the Court’s decision and having to pay more than USD 454 million he owes.

M.Pino

Source: vozdeamerica

(Reference image source: Sasun Bughdaryan in Unsplash)

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La entrada Trump pays bail for USD 175 million in financial fraud case apareció primero en Bitfinance.

In a surprising turn, former Binance CEO Changpeng Zhao has resigned from the position and agreed to post a personal recognizance bond in the hefty sum of $175 million. This decision comes after pleading guilty to criminal charges in the United States.

According to court documents, Zhao is scheduled to appear in court in Seattle on February 23 for sentencing hearings. In addition to the impressive bail, it has been revealed that the former CEO is depositing the additional sum of $15 million into a trust account under the management of Davis Wright Tremaine.

This surety agreement imposes specific requirements, requiring the participation of two guarantors willing to pledge $250,000 and $100,000, respectively. Zhao’s legal fate is now in the spotlight, with the hearing date marked as a pivotal moment in this intriguing judicial chapter.

K. Tovar

Source: Criptotendencia

(Main referential image source: X, @_NOALCOMUNISMO)

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La entrada Changpeng Zhao had to pay a million-dollar bail apareció primero en Bitfinance.