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.
Someone on Mastodon noticed that the judge is giving E. Jean Carroll’s attorney’s a few days to object to the surety of the bond.
A guy who was just found guilty of inflating the values of his assets may well be trying to use those inflated assets as collateral for his bond. In this case, Chubb is a multi-billion dollar company so they’d be on the hook if he didn’t pay, or used inflated assets, so I don’t know if her lawyers will have a reason to object. But, it’s interesting that they do still have a chance to object.