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
Dollar Endures Worst Half in Decades: What's Next for 2025?The dollar experienced its weakest first half in more than 50 years, hurt by geopolitical tensions and former President Donald Trump's trade policies.
Author  Insights
14 hours ago
The dollar experienced its weakest first half in more than 50 years, hurt by geopolitical tensions and former President Donald Trump's trade policies.
placeholder
USD/CHF hits fresh long-term lows near 0.7900 as market sentiment soursThe Swiss Franc is one of the strongest G8 performers, amid higher demand for safe havens as risk aversion increased during Tuesday’s European market session.
Author  FXStreet
15 hours ago
The Swiss Franc is one of the strongest G8 performers, amid higher demand for safe havens as risk aversion increased during Tuesday’s European market session.
placeholder
USD/CAD remains subdued near 1.3600 due to improved risk appetiteUSD/CAD moves little after registering over half of a percent losses in the previous session, trading around 1.3600 during the early European hours on Tuesday.
Author  FXStreet
16 hours ago
USD/CAD moves little after registering over half of a percent losses in the previous session, trading around 1.3600 during the early European hours on Tuesday.
placeholder
EUR/USD extends the rally to near 1.1800 ahead of Eurozone inflation, US ISM PMI dataThe EUR/USD pair trades in negative territory near 1.1790 during the early European session on Tuesday.
Author  FXStreet
17 hours ago
The EUR/USD pair trades in negative territory near 1.1790 during the early European session on Tuesday.
placeholder
GBP/USD holds steady around 1.3740, remains close to multi-year top amid a bearish USDThe GBP/USD pair edges higher during the Asian session on Tuesday and currently trades around the 1.3740 area.
Author  FXStreet
18 hours ago
The GBP/USD pair edges higher during the Asian session on Tuesday and currently trades around the 1.3740 area.