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.
He’ll just claim that Chubb can’t collect because he’s president (regardless of whether he wins or not, he’ll claim he did just like last time). No way they’ll get anything from him. He obviously has connections in the company to get that through.