Former President Donald Trump has taken a significant step in the E. Jean Carroll defamation case by posting a bond of nearly $92 million. This move comes as Trump faces a looming deadline of March 25th to put up an additional $454 million in the New York Attorney General's civil fraud case.
Trump's bond in the E. Jean Carroll case was posted in court this morning for $91.6 million, allowing him to appeal the jury award of $83.3 million. The slight difference in amount accounts for the interest Trump must pay for posting the bond. The bond has been secured by the reputable global insurance company, Chubb, easing concerns about the source of the funds.
Notably, Trump signed the bond earlier this week while simultaneously requesting more time from the judge to fulfill the requirement. The judge has now called upon E. Jean Carroll's attorneys to voice any objections to the bond or its terms by Monday morning, potentially leading to further court proceedings.
In the New York civil fraud case, Trump faces a deadline of March 25th to post a bond, which was initially proposed at $100 million but later adjusted. Trump is currently presenting arguments before a panel of judges at the New York appeals court to delay posting the bond until the appeal process concludes. A decision from the appeals court panel is expected by the end of the month, adding to the mounting deadlines Trump is navigating.
While Trump's associates claim he possesses the necessary funds, including ownership of various properties, the challenge lies in assembling the required amount. Trump has hinted at the possibility of selling properties in a 'fire sale' as a last resort to meet the financial obligations.
