On Friday morning, writer E. Jean Carroll reminded failed one-term former president Donald Trump that he now has exactly one week to fork over the $83.3 million he owes her as part of a defamation lawsuit she won against him.
Taking to Twitter/X, Carroll wrote, “Trump has one week to pay.”
According to Forbes, Trump’s attorneys are arguing that since he will be appealing the defamation damages, he shouldn’t have to pay the full security bond necessary before his appeal is granted.
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.
Attorneys for Carroll noted in a court filing Thursday that the disgraced ex-president is asking the court to “simply trust that he’s very rich” and 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.
In addition to what he owes Carroll, Trump is also on the hook for $454 million in bank and tax fraud penalties assessed by a court as part of a civil case brought by New York Attorney General Letitia James. That massive fine is accruing hundreds of thousands of dollars in late fees and penalties as the former president attempts to find the cash needed to cover the court’s ruling.
If Trump doesn’t have the cash needed to pay both Carroll and the state of New York, he will likely be forced to start selling properties such as Trump Tower in order to raise money. Those sales eventually could lead to the financial collapse of the Trump Organization.