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The reason he has to cough up the money is: he has to post bond before he's allowed to appeal. So either he pays what he owes, or he puts up the money to ensure he pays after the appeal is overturned.
Ms. Carroll, unfortunately, won't see that money for probably another year, but at least she can rest assured that Trump is going to lose that appeal. Even if he becomes Supreme Dictator in November, that money is gone.
To post a bond that large, someone would need to trust Trump to pay his debts...
I think it would be hard for anyone to risk 88 million to post a bond in any case. Trump is going to have to write the check.
To put a possible US president in your pocket? Plently of people would smile as they wrote that check.
Lending money to Trump doesn't put him in your pocket because he just doesn't pay his debts and somehow manages to always get away with it.
I wonder if he can secure it with rubles...
If you’ve already put $2B in trust with his son in law, what’s an extra 5% to keep daddy happy. It’s just a down payment for future intelligence.
Call J G Wentworth if thats still a thing.
I bet he can't even cover the check, since it's going to escrow and needs to be paid in full.
He doesn't have it to hand over. That's over three times what the judge in his fraud trial said Mar-a-Lago was worth (Trump claimed it was worth $1 billion).
He doesn't have it to hand over
Yes he does. He has to either pay the judgement to her, or put it in escrow if he plans to appeal.
That's over three times what the judge in his fraud trial said Mar-a-Lago was worth (Trump claimed it was worth $1 billion).
I don't understand this statement. Are you suggesting that the reason you think he doesn't have to pay is because it's a lot of money?
I think you misread what I wrote.
I said "He doesn’t have it to hand over" not "he doesn't have to hand it over."
He doesn't have it to hand over because he's not that rich.
Shoot, my bad, you're right. I misread that as "he doesn't have to hand it over".
No problem. I think I could have been clearer. Chalk it up to the perils of communicating over text with no vocal inflections.
I give both of you an A+ in communication. You can now kiss or not up to you two really
gonna just point out the collective PTSD we are all suffering. I also initially read it incorrectly and didnt bother re-reading because... well... "its the orange asshole - of course he's avoiding consequence... again!"
this puss filled ass boil needs to see jail time.
I misread it as well. Better to just be blunt and say "Trump is broke as fuck"
Wow, yeah, my brain absolutely read "He doesn't have to hand it over" 😂
Mine too. Reading too quickly for that series of words to come out correctly, I guess?
Even after you clarified here I still had to analyse those sentences for the difference
I'm not the person you replied to, but I believe the person is saying "he doesn't have it, so therefore he cannot hand over something he doesn't have."
Yep, that was my mistake.
Yes he does. He has to either pay the judgement to her, or put it in escrow if he plans to appeal
No he doesn't. I hate trump as much as anyone else, but all he has to do is get someone else to post bond (he will still have to provide a percentage to cover). There is a long list of people/companies/countries that would take that gamble assuming he gets reelected.
Time for more fundraising!
He can't do that either.
https://www.newsweek.com/donald-trump-warned-using-campaign-funds-pay-e-jean-carroll-1865016
Of course he can. He just can't say it's to help him get reelected. Smartest thing for him to do right now is spin up another set of "ai" nft images for his fan base to buy, to "help with the prosecution" he is suffering.
He cannot use campaign funds but PACs are not the same thing and Trump has directed much of his fundraising into PACs. The courts have shown zero willingness to address this because a PAC is a corporation and corporation are imaginary people and since the rules don't apply to billionaires, the rules definitely don't matter to imaginary ones.
He will grift it from his donors, like he always does.
That's less than $2 per 2020 Trump voter, and he gets more popular every time a judgment goes against him.
At some point it will run out but I don't think this is the last straw.
What's to stop Trump doing the same thing that OJ has been doing for 25 years to avoid paying out to the families of the people he murdered in cold blood?
What did O. J. Simpson do to avoid paying?
OJ declared bankruptcy. If Trump did that he’d be opening up his finances to a ton of scrutiny he doesn’t want. He’d also be admitting to the world that his status as a successful billionaire is pure horseshit.
I do believe he testified recently that he is in good financial standing and has $400m cash. Which means perjury time, baby! Let's go!
That is literally one of the reasons requiring the escrow account.
Within 30 days of the judge's written judgment, Trump has to turn over either cash or a bond.
This always, always begs the question: "or what?" Over and over we hear of what courts decide people "must" do, but when they are rich and/or powerful or honestly just stubborn enough, it doesn't seem to have any teeth.
And I get it, there are a lot of things they can do, but they always seem to scared or complacent to do any of them. It's getting real old reading about what Trump or Alex Jones or whoever "must" do without seeing them actually suffer consequences for not doing it.
In this case, Carroll can start taking possession of his assets herself. She does not seem particularly sheepish about that. For some of these people, they can hide their assets, but Trump's are publicly known. I can't say what will happen, but there's some teeth to this one. And Trump couldn't argue with the damages amount because he'd risk losing one of his other cases that hinges on his assets' worth.
Also, I think it would mean she immediately gets the $5m that Trump had to put in escrow (which essentially means the court can dispense this without any action from Trump)
Can you pay rape defamation victim damages out of your campaign fund?
Sure you caaan. And it's only illegal if you get charged and effectively punished!
This is the best summary I could come up with:
A federal jury sitting in Manhattan found that Trump defamed Carroll in 2019 by calling her a liar after she told the world he'd sexually assaulted her.
Once all post-verdict squabbles are settled, the final legal domino is expected to fall, triggering a payment clock to start ticking.
A source familiar with the case, speaking on condition of anonymity because they were not authorized to do so publicly, told Business Insider that Trump's $5.5 million was still there, pending the outcome of his appeal of that first verdict.
A surety company could make Trump provide an extra 10 percent of collateral, and would require he pay a bond premium of anywhere from $250,000 to $1 million.
Such a large bond could probably be handled only by one of the surety giants — such as Travelers Insurance, Liberty Mutual, Chubb, or JP Morgan Chase, said the expert, whose employer doesn't allow press statements.
Among the penalties the attorney general is hoping for in the upcoming verdict are a payment of $370 million and a five-year ban on Trump applying for loans from any New York-registered financial institution.
The original article contains 767 words, the summary contains 186 words. Saved 76%. I'm a bot and I'm open source!
LOL GOTTEM