Now, the Republican Party’s most likely 2024 presidential candidate could be in debt to banks, donors, or some other source of funding. That’s not to mention the legal fees he’ll have to pay and the criminal trials he’ll face.
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 defaming writer E. Jean Carroll and denying her rape allegation against him.
An insurance company has just guaranteed Mr. Trump $83.3 million in compensation while he awaits an appeal of a civil defamation lawsuit.
In a filing with a 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 required to be paid 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 Insurance Group.
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 guilty of inflating the value of real estate.
Mr. Trump’s lawyers asked for $100 million bail, but the appeals court judge denied it. His lawyers asserted that 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 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)
Source
Comment (0)