The former US President will attend the second session of the trial today on charges of inflating the value of his assets by more than two billion dollars, although he is not obligated to attend and does not have to testify before the judge. Naturally, he took the opportunity to launch a new fundraising campaign for the election race.
Today is the second day that former US President Donald Trump has paraded through the New York courts for a trial where his athletic ability is being called into question when calculating the value of his assets and assets. From his business empire. According to Judge Arthur Engoron, Trump inflated the accounts by nearly $2 billion not only to deceive public opinion and convey a distorted image of success, but also to achieve economic benefit, for example by obtaining better financing terms when he requested money loaned to banks.
The trial may last months and Trump does not even have to appear in court, but he decided to attend the first two sessions. Adding two and taking ten can be a scam when it comes to calculating the value of an estate, but this formula works for the former president when he returns to the running to return to the White House.
Every time he appears in court, his popularity rises dramatically. Not only is he ahead by full points in the polls over his political rivals, over whom he already has a practically insurmountable advantage, but the money allocated to his campaign is also doubling. In fact, just this week, coinciding with the opening of the trial and the front pages of the press around the world, it launched a new initiative to raise money from its supporters.
On March 30 of this year, he became the first former US president to sit in the dock and face criminal charges of forging documents and paying a bribe to a pornographic actress to cover up a scandal that preceded the 2016 presidential elections, in which he defeated Hillary Clinton. . In less than 24 hours since the indictment, Trump has raised more than $4 million (3.8 million euros). Fifteen days later, his campaign fund had raised $15.2 million.
In August, the scene was repeated again, when he was arrested and detained in Atlanta (Georgia) in the case governing his participation in attempts to reverse the results of the 2020 elections, when Trump lost to Joe Biden. On this occasion, within two days, his campaign collected $7.1 million.
So the former President of the United States did not want to miss the opportunity this time to make money again, allowing himself to be seen and photographed in court. Since he did not testify before the judge, he did so on his social network and in the corridors of the courts. He repeated his message. “It’s a witch hunt” to keep him from returning to the White House and pulling the blanket. “They are trying to hurt me, so that I will not perform as well as I do in the elections.”
The former president’s legal defense responded by saying that many of the assessments referred to in the case are “subjective” and may differ. The judge accepts this hypothesis, but to the maximum extent. We realize that it can fluctuate by up to 30%, but not by more than 200%. Moreover, this only happens when it comes to economic value. It is quite another thing to say that the three-storey family home at the top of Trump Tower in New York is 2,800 square metres, when in reality it is barely 1,000 square metres. Thus, the former president’s accounts later go out of balance, as he confirms in his financial statements that the value of the residence is estimated at about 327 million dollars, while in reality it does not amount to 130 million.
In his inner circle they also point out that this issue is particularly “personal” for the politician, because it reaches to his vanity as a businessman. This explains his presence at the trial, other than his interest in raising money for his campaign. This is a civil case, not a criminal one, as what it is about is your success as an entrepreneur. Ultimately, what the judge is saying is that the “Trump brand” is adulterated and is worth far less than what the 45th President of the United States values. Specifically, 2000 million less.
