Private equity fund manager Grant Cardone of Cardone Capitals said he has already invested $500 million in Florida that he had planned for New York real estate.
Former President Donald Trump won a suspended sentence on Monday after an appeals court blocked a move by New York state authorities to seize his assets and agreed to extend the deadline and reduce the required bail to $175 million. Ta.
President Trump posted bail Monday morning to cover a $454 million fine imposed by a New York court in a civil fraud judgment against the former president, who inflated his net worth and the value of his real estate to secure more lucrative assets. I was facing a deadline of 0:00. Terms and conditions of loans and other transactions.
The appeals court's ruling reduced the required bail to $175 million and gave President Trump an additional 10 days to provide the funds. Trump's lawyers said that unless he put aside more than $557 million, he would not have been able to find a surety company willing to provide a bond to cover the judgment while he appeals it. They said that amount would require a total of $1 billion in cash and cash equivalents. Having sufficient capital to operate the business.
Digital World Acquisition Corporation (DWAC) stock rose 21% during trading Monday following the Court of Appeals' rule. DWAC is a special purpose acquisition company that plans to take Trump Media & Technology Group public on the stock market through a merger that would value Trump's shares in Truth Social at about $3.3 billion.
An appeals court reduces the bail former President Donald Trump must pay while he appeals a $454 million civil fraud judgment to $175 million, giving him an additional 10 days to pay it. ordered. (Photo by Joe Radle/Getty Images/Getty Images)
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| DWAC | Digital World Acquisition Co., Ltd. | 36.94 | -5.87 | -13.71% |
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