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.

  • @[email protected]
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    fedilink
    39 months ago

    It wasn’t clear what assets Trump was forced to pledge to secure the bond.

    Probably his vault filled with 40 million McChickens/McDoubles

    • @jaybone
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      29 months ago

      Those are pretty expensive nowadays.