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Trump Has One Week To Pay $83.3 Million To E. Jean Carroll—And She’s Expressing ‘Very Serious Concerns’

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Trump Has One Week To Pay $83.3 Million To E. Jean Carroll—And She’s Expressing ‘Very Serious Concerns’

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Former President Donald Trump’s scramble to cover millions in legal fines could start to come to a head next week, as the ex-president has only until next weekend to pay the $83.3 million verdict in E. Jean Carroll’s defamation lawsuit unless a court rules otherwise—and Carroll expressed “very serious concerns” Thursday about Trump’s ability to pay.

Key Facts

A jury ordered Trump to pay $83.3 million to Carroll for defamation—based on his attacks against the writer after she accused him of sexual assault—and the formal court judgment was entered on Feb. 8, meaning Trump’s payment is due by 30 days later on March 9.

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Trump intends to appeal the judgment, but will still have to either pay the money into a court-controlled account or post an appeals bond guaranteeing his ability to pay.

The ex-president has asked the court to pause the judgment against him while he files post-trial motions in the case, or else allow Trump to post a “substantially reduced bond”—and while the court quickly rejected his request to immediately pause the judgment while it considers the motion, it still has to issue a lasting ruling.

Carroll’s attorneys argued in a court filing Thursday that Trump is asking the court to “simply trust that he’s very rich” and therefore doesn’t need to post a bond guaranteeing he’ll pay the money, while they have “very serious concerns about Trump’s cash position” and the “feasibility” of him paying what he owes.

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Trump has separately been ordered to pay $454 million—and counting—in the civil fraud case against him and his company, and Carroll’s attorneys pointed to that judgment, the criminal cases against Trump and the ex-president’s lack of transparency around his finances as suggesting there “is absolutely no reason to believe that Trump has so much readily collectible cash on hand.”

The court has given Trump until 5 p.m. Saturday to respond to Carroll’s filing, and a ruling on whether Trump has to pay the judgment immediately could come soon after, as Trump has asked the court to rule by March 4.

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Crucial Quote

Trump’s filing asking to pause the monetary judgment “simply asks the Court to ‘trust me’ and offers, in a case with an $83.3 million judgment against him, the court filing equivalent of a paper napkin; signed by the least trustworthy of borrowers,” Carroll’s attorneys wrote.

Chief Critic

Trump’s attorneys argued “there is no cognizable risk” of Trump not paying the judgment against him, noting Carroll has previously “concede[d] that President Trump’s resources suffice to satisfy the judgment.” “Having argued to the jury that President Trump has great financial resources, Plaintiff is in no position to contradict herself now and contend that she requires the protection of a bond during the brief period while post-trial motions are pending,” Trump’s lawyers claimed.

Forbes Valuation

Forbes estimates Trump’s net worth at $2.6 billion as of September. That includes just over $400 million in cash and liquid assets—enough to cover Carroll’s judgment alone, but not his total legal fines when combined with his judgment in the fraud case.

How Will Trump Pay?

It remains to be seen how Trump will cover the legal fines he owes—which total some $540 million and counting, between his fraud fine, the $83.3 million and a separate $5 million judgment from Carroll’s first trial against Trump, which has already been deposited into a court-controlled account. While Trump doesn’t have enough cash on hand to cover the costs, he does have several options, including borrowing against his assets, seeking help from wealthy friends or borrowing from financial institutions, which is now easier after a New York appeals court paused a penalty in his fraud judgment that barred Trump from seeking loans from New York-registered institutions. He could also put up some of his real estate assets for sale, his attorneys suggested in a filing in the fraud case. While the Carroll payment is coming due in a matter of days, the ex-president has a bit more time to put up the fraud ruling cash, as the New York Attorney General’s office, which brought the case, isn’t expected to start enforcing the judgment unless he hasn’t paid by March 25. Trump has similarly asked an appeals court to pause the judgment against him in that case—or post a $100 million bond—and while the court rejected his request on Wednesday to pause the monetary judgment while it considers the motion, it still has to issue a more lasting ruling.

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Key Background

Carroll sued Trump in 2019 after she publicly accused him of sexual assault, alleging the then-president raped her in a Bergdorf Goodman dressing room in the 1990s. Trump attacked Carroll in response, denying her account and claiming she isn’t “my type,” leading the writer to sue him for defamation. Trump’s reaction to her allegations caused Carroll “emotional pain and suffering at the hands of the man who raped her, as well as injury to her reputation, honor and dignity,” she alleged in the lawsuit. The case got stalled in court for years as Trump tried to dismiss the charges, and Carroll brought a second lawsuit against the ex-president alleging defamation and sexual assault under New York’s Adult Survivors Act. That case ended up going to trial first, resulting in Trump being found liable for defamation and sexual assault, but not rape. Because Trump had already been found liable in the first trial—based on substantially similar comments to the 2019 lawsuit—the second Carroll trial was only to determine how much Trump had to pay in damages. The jury ruled in January that Trump had to pay $18.3 million in compensatory damages and $65 million in punitive damages, which are meant to dissuade Trump from further defaming Carroll.

Further Reading

MORE FROM FORBESTrump Must Pay E. Jean Carroll $83 Million For Defamation, Jury Rules

MORE FROM FORBESHere Are Trump’s Most Valuable Properties
MORE FROM FORBESHere’s Why Trump Won’t Have To Sell Any Buildings To Come Up With $540 Million
MORE FROM FORBESHere’s Who Could Loan Trump $540 Million

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US Supreme Court says Donald Trump immune for ‘official acts’ as president

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US Supreme Court says Donald Trump immune for ‘official acts’ as president

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The US Supreme Court has ruled that Donald Trump has broad immunity from criminal prosecution for his actions as president in a decision likely to delay his trial on charges of trying to overturn the 2020 election.

The landmark decision on Monday shields Trump for “official” acts. Lower courts will now have to draw the boundaries between a president’s personal and official acts.

The potentially time-consuming process reduces the likelihood of any verdict in the election interference case before November’s vote, in a win for Trump, the presumptive Republican nominee.

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If elected, Trump could instruct the DoJ to drop the case. In a social media post, he wrote: “BIG WIN FOR OUR CONSTITUTION AND DEMOCRACY. PROUD TO BE AN AMERICAN!”

The positive decision for Trump comes as the campaign of his opponent, President Joe Biden, reels from a disastrous performance at a debate between the candidates last week.

In a 6-3 vote, the Supreme Court held that a former president has absolute immunity from actions taken to exercise his “core constitutional powers” and “is entitled to at least presumptive immunity from prosecution for all his official acts”.

“The president enjoys no immunity for his unofficial acts, and not everything the president does is official. The president is not above the law,” Chief Justice John Roberts wrote for the majority. “But Congress may not criminalise the president’s conduct in carrying out the responsibilities of the executive branch under the constitution. And the system of separated powers designed by the framers has always demanded an energetic, independent executive.”

In a scathing dissent, Justice Sonia Sotomayor wrote that the majority’s decision “reshapes the institution of the presidency” and “makes a mockery of the principle, foundational to our constitution and system of government, that no man is above the law”.

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The court’s majority “invents immunity through brute force” and “in effect, completely insulate[s] presidents from criminal liability”, Sotomayor added. “With fear for our democracy, I dissent.”  

Biden later on Monday quoted Sotomayor, saying: “So should the American people dissent. I dissent.”

The decision “almost certainly means that there are virtually no limits on what a president can do”, Biden said. “This is a fundamentally new principle” and the court’s latest “attack” on a “wide range of long-established legal principles”. The ruling all but quashing chances of Trump facing trial before November was a “terrible disservice to the people in this nation”, he added.

Trump’s lawyers had argued for a broad interpretation of immunity, saying presidents may only be indicted if previously impeached and convicted by Congress for similar crimes — even in some of the most extreme circumstances — to allow them to do their jobs without fear of politically motivated prosecutions. The DoJ argued that doing so could embolden presidents to flout the law with impunity.

Roberts noted that lower courts had not determined which of Trump’s alleged conduct “should be categorised as official and which unofficial”. That process “raises multiple unprecedented and momentous questions about the powers of the president and the limits of his authority under the constitution”, he added.

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Trump’s discussions with the acting US attorney-general counted as an “official relationship”, for instance, but other incidents, such as Trump’s comments to the public as well as interactions with then vice-president Mike Pence or state officials, “present more difficult questions”, Roberts added.

The court had previously ruled on presidential immunity from civil liability, but this is the first time it has made a determination with respect to criminal cases.

A federal appeals court in February unanimously ruled that Trump was not entitled to immunity in the case. The Supreme Court decided later that month to hear Trump’s appeal, with oral arguments in late April, in effect bringing proceedings in the trial case to a halt for months.

Monday’s decision will not affect Trump’s criminal case in New York state court, where he was convicted of 34 felony counts of falsifying business records, in connection with “hush money” payments to porn actress Stormy Daniels in a bid to throw out damaging stories about him in the lead-up to the 2016 general election. Trump is set to be sentenced in that case on July 11.

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The former president has also been charged in Georgia state court in a racketeering case related to the 2020 election and in a separate federal indictment accusing him of mishandling classified documents. But these proceedings have yet to go to trial amid legal wrangling between Trump and US prosecutors.

A senior Biden campaign adviser said the ruling “doesn’t change the facts, so let’s be very clear about what happened on January 6: Donald Trump snapped after he lost the 2020 election and encouraged a mob to overthrow the results of a free and fair election”.

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Biden says Supreme Court's immunity ruling 'undermines the rule of law'

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Biden says Supreme Court's immunity ruling 'undermines the rule of law'

President Biden gives remarks on the Supreme Court’s immunity decision at the White House on July 1.

Andrew Harnik/Getty Images/Getty Images North America


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Andrew Harnik/Getty Images/Getty Images North America

President Biden called the Supreme Court’s decision to grant his predecessor, Republican Donald Trump, broad immunity from prosecution “a dangerous precedent” that “undermines the rule of law.”

“Today’s decision almost certainly means that there are virtually no limits on what the president can do,” Biden said. “The power of the office will no longer be constrained by the law, even including the Supreme Court of the United States. The only limits will be self-imposed by the president alone.”

Biden’s remarks from the White House came hours after the court’s 6-3 decision along ideological lines that a former president has absolutely immunity for his core constitutional powers– and is entitled to a presumption of immunity for his official acts, but lack immunity for unofficial acts. The court sent the case back to the trial judge to determine which, if any of Trump actions, were part of his official duties and thus were protected from prosecution.

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Biden said the court’s decision puts “virtually no limits on what a president can do,” and all but ensures Trump won’t be tried for his role in the effort to undermine the transfer of power.

“Now the American people will have to do what the court should have been willing to do, but will not…render a judgment about Donald Trump’s behavior,” Biden said.

Biden, who is under pressure from his fellow Democrats to withdraw from his race after his performance in last week’s presidential debate, took no questions. He spoke clearly and calmly during the statement.

But since that debate, he’s held several events in the hope to assuage his supporters that he is up to the job. Last Friday, a day after the debate, Biden held a rally in Raleigh, N.C., where he attempted to persuade supporters that he could still do the job. And, more crucially, he spent the weekend doing damage control, telling donors and others that he understood their concern.

“I didn’t have a great night,” he told supporters gathered at the home of New Jersey Gov. Phil Murphy on Saturday night. “But I’m going to be fighting harder and going to need you with me to get it done.”

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US Supreme Court provides new reason to fear a Trumpian return

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US Supreme Court provides new reason to fear a Trumpian return

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At any other time, and with any other president, Monday’s landmark decision by the US Supreme Court vastly expanding presidential powers would generate little more than scholarly hand-wringing. 

Indeed, the 6-3 majority’s ruling that a sitting president should have “absolute immunity” from criminal prosecution from actions he takes when exercising “his core constitutional powers” has a certain pragmatic logic to it.

Since the 1990s, American political leaders have increasingly attempted to criminalise policy differences, be it Democrats seeking to prosecute George W Bush for war crimes in Iraq or Republicans launching impeachment proceedings against Joe Biden’s homeland security secretary for a surge in illegal border crossings.

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New Deal-era Supreme Court Justice Robert Jackson once said that the US Constitution is not a suicide pact, and an American president should not fear that an action sincerely taken to provide for the common defence, or to insure domestic tranquility, or to promote the general welfare, will later be picked over by federal prosecutors and land them in jail.

The founding fathers built checks into the federal system, but having the justice department setting up shop outside the Oval Office to adjudicate presidential decision-making — even those that fail spectacularly — wasn’t one of them.

The problem is that Donald Trump is not any other president, and we are living in an era that could see a man who has vowed to use the power of the US government to take revenge against his political enemies, and rule as a dictator for at least a day, returned to office in a little more than six months.

Nobody puts the threat posed by Trump under the court’s latest decision better than Justice Sonia Sotomayor, who wrote a stinging dissent for the three-judge minority: 

The president of the United States is the most powerful person in the country, and possibly the world. When he uses his official powers in any way, under the majority’s reasoning, he now will be insulated from criminal prosecution. Orders the Navy’s Seal Team 6 to assassinate a political rival? Immune. Organises a military coup to hold onto power? Immune. Takes a bribe in exchange for a pardon? Immune. Immune, immune, immune.

If the presidential actions under review were taken by, say, Richard Nixon (the only president ever to resign in scandal) or Bill Clinton (the first president to be impeached in more than a century), Sotomayor’s litany would seem absurd. For all of Nixon’s ethical failings, instigating a coup would not cross his mind. Clinton’s shortcomings were libidinous, not martial.

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Even the harshest critics of Bush, whose motives for invading Iraq have been suspect in certain corners since the day he first turned his eye on Baghdad, have been hard-pressed to find anything more than spectacularly bad judgment in his march to war.

But Trump? Can anyone who has watched his behaviour since the 2020 presidential election — or remembers his supporters clambering up the walls of the US Capitol, repeating his cries that the result be overturned — think anything on Sotomayor’s list is beyond his imagination?

Chief Justice John Roberts belittles Sotomayor’s fears, writing in his majority opinion that the liberal justices “strike a tone of chilling doom that is wholly disproportionate to what the court actually does today”. 

Writes longtime political analyst Susan Glasser: “Roberts has a lot riding on this assessment.” Indeed he does, and let’s hope that Roberts is right. But the fact that Sotomayor’s warning was even recorded in an official court dissent tells volumes about the fears that now grip American officialdom.

peter.spiegel@ft.com

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