New York [US], March 22: CNN on March 22 reported that the New York State Attorney General's Office (USA) has just transferred the judgment against Mr. Donald Trump to Westchester County, a sign that the former president's golf course and villa here may be confiscated. .
Lawyers said Mr. Trump is still struggling to find a guarantor for the $464 million (VND 11,500 billion) fine and appeal in the business fraud case in New York.
According to court records, Mr. Trump's "persistent and diligent" efforts have not yielded results. Accordingly, Mr. Trump approached about 30 guarantee companies through 4 separate brokers.
Lawyers said the above companies do not accept assets such as real estate as collateral. Instead, they only accept cash or equivalents, such as marketable shares.
The former president owns Trump National Golf Club and the Seven Springs mansion in Westchester County. If he cannot find a guarantor for the above fine before March 25, New York State Attorney General Letitia James may confiscate the above assets.
In principle, Mr. Trump can still appeal the ruling, but cannot prevent the confiscation of assets, according to Newsweek magazine .
Prosecutors said that Mr. Trump inflated the value of his assets by up to 3.6 billion USD/year to receive preferential treatment in buying insurance and borrowing money. Mr. Trump has denied any wrongdoing and emphasized that he has paid back many of the loans involved.
"If I sell the assets and then win the appeal, the assets will be gone forever. Also, it is very expensive to spend money before the appeal. When I win, all that money will be gone." died, but I did nothing wrong," he wrote on the social network Truth Social on March 21.
Source: Thanh Nien Newspaper
