politics @lemmy.world kescusay @lemmy.world 8 mo. ago

Trump posts nearly $92 million bond in E. Jean Carroll defamation case | CNN Politics

www.cnn.com Trump posts nearly $92 million bond in E. Jean Carroll defamation case | CNN Politics

Former President Donald Trump has posted a $91.6 million bond as he appeals the judgment against him in the E. Jean Carroll defamation case.

Wow, someone actually finally managed to force Trump to pay a bill.

82 comments

I hope she sues him again.
- I'm pretty sure she will, using the brand new NY Adult Survivors act.
Someone paid it. Not entirely convinced it was directly from Trump.
- It was definitely not directly from Trump.
  
  Insurance company Chubb underwrote the bond for Trump, which the former president signed on Tuesday. Under the terms of the bond, Chubb will only secure the appeal of the $83.3 million judgment, not any future appeals.
  
  Let me save you some trouble:
  
  Chubb Limited is an American company incorporated in Zürich, Switzerland. It is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and is the largest publicly traded property and casualty insurance company in the world
  
  Wouldn't be the first time Trump has paid good money for a chubb
  
  Of course it's the Chubb group. Of course. It's funny they are supposedly a huge corp, but the only time I hear about them is when they're meddling and buying politicians
  
  I wonder what kind of insane terms are on that loan
  
  so some of us premium payers took the risk, and he could send us a personal letter like he did when "He" sent us Covid Relief Checks.
- Trump's broke. That's why he put Lara trump as co chair and you hear that some ppl want the RNC to pay donnie's bills even though that would mean less money for down ballot candidates. Basically means about a billion needed and it would fuck the GOP in congress. I hope they go bankrupt.
  
  Ivanka fell out of favor?
  
  some ppl want the RNC to pay donnie’s bills even though that would mean less money for down ballot candidates
  
  The catch is that Trump's a prodigious fundraiser for the party. So not putting Lara on the co-chair spot could conceivably mean she runs of and does independent fundraising at the RNC's implicit expense.
  
  Basically means about a billion needed and it would fuck the GOP in congress.
  
  I hate to say it, but Trump's coat-tails alone are probably worth a billion in GOP organizing and advertising. His base loves him and his name at the top of the ticket will get out far more votes in 2024 than the GOP received in 2022.
- For Putin, a small price to pay if it means solidifying his grasp on American politics.
- Someone paid it. Not entirely convinced it was directly from Trump.
  
  Isn't he under financial monitoring due to the NY case? Am I mistaken?
  
  An insurance company named Chubb put up the bond money and they are not under financial monitoring.
  
  That doesn't necessarily make it public. In the NY case I remember reading that if someone paid the $354m bond even that wouldn't necessarily be transparent as to who paid it.
  
  Not him personally, but his companies are.
He's still not actually paying her. He's just securing a bond that lets him avoid paying while he seeks an appeal. Just keep kicking the can down the road.

"Donald J. Trump on Friday posted a $91.6 million bond in a defamation case he recently lost to the writer E. Jean Carroll, staving off a potential legal and financial disaster just days before a deadline to secure the deal. The bond, provided by an outside insurance company, will prevent Ms. Carroll from collecting the judgment while Mr. Trump appeals."
- The bond, provided by an outside insurance company,
  
  Someone better name some fucking names, cause I wanna make sure I don't do business with an insurance company that is that bad at risk assessment.
  
  Chubb is the underwriter
  
  Small price to pay for a Corp who may get a president to owe them a favor.
  
  Funny to say that about what, 1-2M? That'd change all our lives. But that's a rounding error for them
  
  The company who gave Trump $92MILLION is run by one of Trump's Former White House Advisors which is PROOF that DEMOCRATS are the Swamp!
  
  At that scale, you almost certainly don't do business directly, but there's a very good chance that your insurance company is re-insured by them somewhere up the chain.
- He’s just securing a bond that lets him avoid paying while he seeks an appeal.
  
  Forcing Trump to come up with $92M he doesn't have so he can't completely welch when his appeals fail is funny enough that it was probably worth Carroll's time.
- She's going to get her money now though. I wonder what sort of collateral he had to put up to secure this bond. I don't know if I'd want to be the insurance company trying to get that collateral back after all his legal cases leave him bankrupt.
- True, but in order to get that bond, he had to put up collateral.
  
  Right, not disputing that at all. I'm just saying he's (or whoever is footing the bill) a long way from actually paying anyone their due.
  
  Did he actually, though?
- Can he pardon himself from civil suits?
  
  He can't pardon himself for anything.
He definitely wants the story of being adjudicated a rapist to stay in the news through the whole campaign.

BTW, $91 million is ₽8,249,150,000 (rubles) according to the current exchange rate. Give or take...337,000,000 Saudi rials

Who paid?

A Hill and Axios didn't know.

NJT didn't know.

See BS didn't know.

Newspeak didn't know.

Forged didn't know.

But CNN says:

Insurance company Chubb underwrote the bond for Trump, which the former president signed on Tuesday. Under the terms of the bond, Chubb will only secure the appeal of the $83.3 million judgment, not any future appeals.
- Didn't he meet with Elon yesterday? I wonder he'll come up with the $450 million soon too
  
  got Kompromat?
  
  Elon and Trump both pictured with Ghislaine Maxwell— both doing Putin’s bidding
Trump is the most famous rapist in the world.
- Nah, don't let him have that, it'll go to his head like everything else. I'm sure there's more famous rapists.
  
  Ted Bundy for example.
Didn't he borrow that money from some CEO friend of his?
- From a Russian fund
  
  Ahhh, daddy big bucks
When you're poor accusation is guilt and you sit in prison without trial for years. When you're rich, losing in court is just the beginning of negotiations.
Next. Get that half a billion ready, chump.
This is the best summary I could come up with:

Former President Donald Trump has posted a $91.63 million bond as he appeals the judgment against him in the E. Jean Carroll defamation case.

The notice of Trump’s bond and appeal was made with the federal court in New York on Friday.

In January, a federal jury awarded Carroll $83.3 million in damages as a result of Trump’s defamatory statements denying he raped her, saying she wasn’t his type, and accusing her of making up the allegation to boost sales of her book.

Trump also faces a March 25 deadline to put up another $454 million in the New York attorney general’s civil fraud case.

In Carroll’s case, Trump has argued that the jury award is excessive and should be reduced.

During the trial, Carroll’s lawyers told the jury that Trump should be punished with a large number in damages so that it actually gets him to stop his defamatory behavior.

The original article contains 189 words, the summary contains 150 words. Saved 21%. I'm a bot and I'm open source!
What an amazing coincidence that these two things happen in the same day. https://apnews.com/article/republican-national-committee-trump-whatley-legal-fees-53402f8e8ac845db3cf4ab82c882ea74
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