Is Trump going to prison after guilty verdict?

Investing.com
Updated
Mitrade
coverImg
Source: DepositPhotos

Investing.com-- Donald Trump was found guilty in a hush money trial by a New York court on Thursday, with a judge now set to determine whether the former president will be imprisoned over the conviction. 


Trump was found guilty by the jury on 34 felony counts for falsifying business records and covering up a $130,000 hush money payment to adult film star Stormy Daniels before the 2016 election. 


But whether the former president will be sent to prison is still to be decided. Trump will be sentenced on July 11, and will not be considered a convicted felon until then.


The verdict will also not prevent Trump from running for president, with the former President free to travel, campaign and speak to the press until his sentencing. 


Trump’s sentencing will also happen just four days before the Republican National Convention, where he is widely expected to be nominated to run against incumbent President Joe Biden in November. 


Potential sentences include prison time


Trump’s sentencing will be largely decided by Judge Juan Merchan. 


Under New York law, each charge against Trump carries a maximum sentence of four years in prison.


The charges against the former president are Class E felonies, which are considered as the least serious class of felonies in the state. 


Trump’s sentencing is likely to include fines and restitutions, and probation. But whether he will face prison time remains to be seen, given his advanced age, as well as the complications associated with imprisoning a former President- a scenario that no U.S. prison has ever faced before.


Also complicating matters is the lifetime protection from the Secret Service that is offered to Trump, as a former president. Judge Merchan was seen repeatedly indicating that he did not want to jail Trump, citing complications linked to maintaining Trump’s Secret Service protection in prison. 


If the former President were to face jail time, he could either serve it in a New York penal facility, or a correctional facility such as Rikers Island.


But if Trump were to be sentenced to probation or home detention, he would likely carry out the sentence at his Mar-a-Lago estate in Florida. 

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
GBP/USD: Set to face significant support at 1.2100 – UOB GroupThe Pound Sterling (GBP) is likely to trade in a 1.2150/1.2275 range. In the longer run, deeply oversold conditions signal GBP could trade in a range for a couple of days; any decline is expected to face significant support at 1.2100, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Author  FXStreet
13 hours ago
The Pound Sterling (GBP) is likely to trade in a 1.2150/1.2275 range. In the longer run, deeply oversold conditions signal GBP could trade in a range for a couple of days; any decline is expected to face significant support at 1.2100, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
placeholder
USD: Core CPI can come in hot – INGA surprisingly mild US PPI inflation print yesterday caused some dollar softness.
Author  FXStreet
13 hours ago
A surprisingly mild US PPI inflation print yesterday caused some dollar softness.
placeholder
EUR/USD looks up from the low end ahead of key CPI printEUR/USD found enough gas in the tank for an intraday rally on Tuesday, rising over eight-tenths of one percent on the day as Euro bidders hope that a potential accord in France could stave off a total collapse of the European country’s government.
Author  FXStreet
22 hours ago
EUR/USD found enough gas in the tank for an intraday rally on Tuesday, rising over eight-tenths of one percent on the day as Euro bidders hope that a potential accord in France could stave off a total collapse of the European country’s government.
placeholder
EUR/USD Price Analysis: Trades around 1.0250 after rebounding from 26-month lowsThe EUR/USD pair halts its five-day losing streak, trading around 1.0250 during Tuesday's Asian session.
Author  FXStreet
Yesterday 05: 42
The EUR/USD pair halts its five-day losing streak, trading around 1.0250 during Tuesday's Asian session.
placeholder
EUR/USD refreshes two-year low as traders reassess Fed policy outlookEUR/USD slides to a fresh over two-year low to near 1.0200 at the start of the week.
Author  FXStreet
Jan 13, Mon
EUR/USD slides to a fresh over two-year low to near 1.0200 at the start of the week.