Donald Trump: Does He Have the Money, but Refuses to Pay?
In a recent ruling by Judge Lewis Kaplan at the Manhattan Court in New York, the pressure on former US President Donald Trump to prepare an acceptable bail amount before March 11th to file an appeal has intensified.
Trump’s Legal Battle
The jury concluded in their January 26th ruling that Trump must compensate E. Jean Carroll for defamation, as she accused him of sexual assault in the 1990s. According to Reuters, Judge Kaplan issued the official ruling on February 8th, giving Trump 30 days to post bail during the appeal process. However, Trump has been seeking ways to delay the enforcement of the ruling until Judge Kaplan decides on his request, which was filed on March 5th.
Judge Kaplan believes that Trump should not have delayed his request for a stay of execution by 25 days after the ruling and that Trump’s current situation is a consequence of his delayed actions.
Financial Tension
To avoid posting a large bail amount, Trump’s lawyers argue that he is facing financial stress. They claim that Carroll will be adequately compensated, stating that a bail amount of $24.5 million would be more than enough to “minimize any potential risks” for her.
Carroll, however, disagrees and believes that Trump’s financial situation is not clear.
Trump’s financial flexibility has already deteriorated, as a judge previously held him legally responsible for a civil fraud case in New York, resulting in a $454.2 million fine.
The Bail Dilemma
In this case, Trump proposed a bail amount of $100 million. However, New York State Attorney General Letitia James insists that any bail amount must include the full amount specified in the ruling.
On February 28th, an appellate judge also rejected Trump’s request for a stay of execution during the appeal process. When asked if he could post bail in both cases, Trump confidently told Fox News on March 5th, “I have a lot of money. I can do whatever I want… I’m not worried about money.”
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