Former President Donald Trump has put up a $91.6 million bond to cover the money he has to pay because of a court decision against him in a case with writer E. Jean Carroll. This is the start of his appeal process. Trump called Carroll a liar after she said he raped her many years ago, which led to a long legal fight.
If Trump loses his appeal and doesn’t want to pay, the bond, provided by Federal Insurance Co, will cover the $83.3 million he has to give Carroll. This lets Trump delay paying Carroll while he appeals, which could take a few years.
The case started when a Manhattan jury said Trump hurt Carroll’s reputation by saying she lied in June 2019. They decided Trump’s denial of raping Carroll in the 1990s was defamation.
Trump had until March 11 to get the bond or set aside money for the payment after Judge Lewis Kaplan said no to his request to wait. Kaplan also gave Carroll until March 11 to say if she had any issues with the bond.
Donald Trump (Via Shauna Harris/Shutterstock)
Trump’s lawyers said Carroll didn’t need the bond because she was already protected. But Carroll disagreed, saying Trump basically said, “Trust me.” Right now, neither Trump’s nor Carroll’s lawyers have commented on the bond.
Trump’s campaign said the decision against him was wrong and part of a plan by Democrats to hurt him. Even though it’s a lot of money, Trump still has more legal problems, like a case brought by New York Attorney General Letitia James, where he has to pay $454.2 million.
Also, Trump is facing four criminal charges, including one about paying hush money to Stormy Daniels before the 2016 election. With all these legal issues, Trump’s appeal in Carroll’s case is just one part of his ongoing legal troubles.
