Trump Is Struggling To Come Up With The Cash To Appeal Fraud And E. Jean Carroll Judgments

Politics

Some new court filings from Donald Trump suggest that he is having trouble coming up with the cash needed to appeal both the New York fraud and E. Jean Carroll judgments.

MSNBC’s Katie Phang posted:

Trump just filed on 2/23 a Motion to Stay Execution of the Judgment Pending Disposition of his Post-Trial Motions. Carroll must respond by 5 pm on 2/29. Trump’s Reply by 5 pm on 3/2. The judgment was entered February 8th by Judge Kaplan.

IMO: The fact that Trump is seeking this relief so close to when the bond in @ejeancarroll’s case is coming due means he’s struggling to come up with the money for the bond…

To get more stories like this, subscribe to our newsletter The Daily.

SIDEBAR: Trump filed a “Notice of Appeal.” He must pay filing fees to the appellate ct & then file an Initial Brief. In the meantime, TO STOP COLLECTIONS on the $454 million+ judgment, he must post a bond. If he doesn’t, then @NewYorkStateAG can start collecting on the judgment.

To be clear, Trump can appeal all he wants, but if wants to keep his stuff, he better come up with the bond.

It has been suggested for years that Donald Trump doesn’t have a lot of cash, and his wealth is mostly on paper. It was widely believed in 2016 that Trump couldn’t self-fund his presidential campaign because he didn’t have the cash. Trump’s businesses have been on the downturn for years, and people who were close to Trump, like his former lawyer Michael Cohen, said that Trump never expected to win the presidency. His goal was to boost his sagging businesses with a presidential campaign.

However, once Trump found success in Republican politics, it became what appears to be his primary source of revenue.

Trump also has $900 million in loan payments coming due soon, but his immediate problem is that he needs to come up with roughly half of a billion dollars to file appeals, and he doesn’t seem to have found the cash to do so yet.

A Special Message From PoliticusUSA

If you are in a position to donate purely to help us keep the doors open on PoliticusUSA during what is a critical election year, please do so here. 

We have been honored to be able to put your interests first for 14 years as we only answer to our readers and we will not compromise on that fundamental, core PoliticusUSA value.

Read original article here.

Products You May Like

Articles You May Like

Epic Systems boots Particle Health for unauthorized sharing of data
A Unique Collaboration Using a Virtual Earth-Sized Telescope Shows How Science Is Changing in the 21st Century
Italian fashion designer Roberto Cavalli has died aged 83 | World News
Even The New York Times Poll Shows Big Momentum For Biden
Telegraph suitor Marshall to quit board of GB News owner | Business News