The two sentences that I can decide today on Donald Trump’s election campaign
Former American President Donald Trump this week, or rather probably today, will receive two sentences that will greatly influence his electoral campaign, even deciding who will be the next US president.
Monday, March 25 promises to be a decisive day for him on the judicial front, due to the coincidence of two proceedings in which the former President of the United States finds himself in a difficult position.
The first is more of a formality : the Republican candidate in the next presidential elections has been summoned to New York for a hearing aimed at setting a new date for his criminal trial in the Stormy Daniels affair, named after a pornographic actress that Donald Trump is suspected of having paid illicitly to keep quiet about an adulterous relationship they allegedly had in the past. This in itself would not be a major event if it had not led to a theoretical misstatement of the Trump Organization's financial statements.
A document revealed by New York judges seems to indicate that the court is preparing to postpone this trial, which is historic due to its unprecedented nature: it is the first time that a former President of the United States has been criminally prosecuted. On April 25, the US Supreme Court is due to rule on the scope of presidential immunity, to determine whether it is likely to protect Donald Trump from possible conviction in this trial.
The New York judiciary seems determined to wait for the Supreme Court's decision before starting the trial, thus giving in to the arguments of Donald Trump's lawyers, who are intensifying procedures to postpone the trial. The candidate, for his part, constantly repeats that the race for the White House should not be hindered by judicial twists, which he blames on the pandering of judges by the Democratic camp.
Half a billion dollars at stake
Paradoxically, the second decision seems even more important for the former President of the United States, even if this time it is no longer a possible prison sentence like the one he faces for the Stormy Daniels affair. The Republican candidate is in fact under pressure to have his assets seized if he does not provide the New York State courts with a guarantee to pay almost half a billion dollars in compensation, for which he was convicted in February in a sentence that will be appealed because of dubious legal quality, but which in the meantime exists.
At the end of the proceedings initiated in 2022 by Attorney General Letitia James, Donald Trump and his sons Eric and Donald Jr. were sentenced by Judge Arthur Engoron to 464 million dollars in fines and interest for fraud, in particular for lying in the 2010s on the value of the assets of their Trump Organization real estate empire, in order to obtain bank loans.
So far Trump has been unable to provide a guarantee, casting doubt on his ability to be "liquid". Fortunately for Donald Trump, a financial windfall could come from his company Trump Media & Technology Group (TMTG), which will merge with a publicly traded vehicle, following the favorable vote of the general assembly on Friday. This should provide fresh financial resources without punishing the funds available to the president.
Trump owns large real estate properties, the problem is essentially linked to the liquidity which, at this moment, he has certainly allocated to support the electoral campaign and which, instead, the court would like to freeze. Given that resources, in any situation, are limited, the court comes to influence the electoral campaign heavily, with the decision to request half a billion in guarantees.
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The article The two sentences that I can decide today from Donald Trump's election campaign comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/le-due-sentenze-che-oggi-posso-decidere-della-campaglena-elettora-di-donald-trump/ on Mon, 25 Mar 2024 09:00:05 +0000.