Trump must urgently raise half a billion dollars to pay the fine

Now, the Republican Party’s most likely presidential candidate in 2024 could be in debt to banks, donors, or some other source of capital. That’s not to mention the legal fees he’ll have to pay and the criminal trials he’ll face.

Trump had to urgently raise half a billion dollars to pay the fine. — Former President Donald Trump in Greensboro, North Carolina, on March 2. Photo: Bloomberg

There are two important deadlines in the next three weeks.

Monday, March 11

Mr. Trump has until Monday (March 11) to pay an $83.3 million fine to satisfy a defamation judgment for author E. Jean Carroll and denying her rape accusations against him.

Mr. Trump has just been guaranteed $83.3 million in compensation by an insurance company while he awaits an appeal of a civil defamation lawsuit.

In a filing in Manhattan court on March 8, Trump's lawyer Alina Habba said her client was granted bail for a fine that was more than the $83.3 million he was ordered to pay because it included interest.

Attorney Habba asked the judge to approve the bail agreement, which was guaranteed by Federal Insurance Co., a unit of Chubb.

Trump's bail also means that Ms. Carroll, 80, cannot receive compensation during an appeal process that could take years.

Monday, March 25

This is the deadline for Trump to post $454 million in bail in a civil fraud case filed by the New York Attorney General, in which he is found to have inflated the value of his real estate.

Trump’s lawyers asked for $100 million bail, but the appeals court judge denied it. His lawyers said they could not find anyone willing to guarantee the full amount of money that Ms. James wanted to collect.

Until the bond is posted, interest will accrue at nearly $115,000 per day following the judgment.

Meanwhile, March 25 was also the first day of jury selection in Trump's first criminal trial, related to the payment of "hush money" to porn star Stormy Daniels before the 2016 election. Trump has pleaded not guilty.

Mai Van (according to CNN)

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