Donald Trump on Friday posted a $91.6 million bond to cover the defamation verdict in favor of writer E. Jean Carroll, and began his appeal of the case that arose from his branding her a liar after she accused him of raping her decades ago.
The bond from Federal Insurance Co, part of the insurer Chubb , would cover Carroll’s $83.3 million judgment if Trump were to lose his appeal of the Jan. 26 verdict and refuse to pay.
The posting of a bond also means Carroll, 80, wouldn’t collect on the judgment during the appeals process, which could take years.
Considering a lot of the more-recent inflated value comes from him being president and “people pay for that shit”…. Yeah, “risky” is an understatement
There’s bigger percents than 100%…
He might have to put up $200 mil in assets, and they keep selling till they hit an amount, likely higher than the judgement.
It’s a risky move for everyone. trump likely didn’t have any other options.
Not really for Trump, he’ll just move what’s left of his assets and declare bankruptcy for the fourth time.
He’ll keep scamming people till he dies