Former President Donald Trump must pay writer E. Jean Carroll over $83 million in damages for repeatedly defaming her, a jury found Friday.
The nine-person jury began deliberations in federal court in New York at 1:40 p.m. ET and reached a verdict in just under three hours.
Can we start a pool on when/if he actually pays?
He already paid the previous $5 million. Technically it’s in an escrow pending appeal, so Carroll doesn’t have it yet. But regardless, Trump is out $5 million.
Now Trump has four choices:
Pay the $83 million to Carroll
File an appeal, which means either paying $83 million into an escrow account or putting a lien on his properties and getting a bank to pay $83 million into an escrow account. Either way, Carroll gets the money as soon as she wins the appeal
Do nothing. This is the worst option, because after 30 days Carroll’s lawyers would start choosing Trump properties to auction off and/or directly withdrawing money from his bank accounts.
Declare bankruptcy. This could introduce a delay, but it will inevitably result in Trump properties being auctioned off.
Wouldn’t New York have a lien on most of his properties with their fraud case?
I guess he will likely will try to appeal the amount and leverage another lein onto his properties. He could also use his grift money from the PAC’s to pay into the escrow.
Of course his appeal will go swimmingly when he defames her again in 3… 2… 1…
He can’t appeal the amount. He has to put the amount into escrow before he can appeal. That’s standard practice for courts, so that people don’t try to weasel out of paying. Trump isn’t the first person to lose a big lawsuit…
If all of Trump’s properties are under lien and he has nothing left in his bank accounts, then that leaves option 4.
Option 3 doesn’t seem to be working for Alex Jones’s creditors.
He chose option 4, and his estate is facing liquidation.
If it’s paid at all, it’ll be out of simp donation money.
That’s the very sad truth of current US politics
I’ll bet it all on never.
Carroll may not be paid for years if Trump strings out the appeals. But to appeal, he has to either pay the entire award to the court first, or he can use an appeal bond - assuming any financial institution will give him one. His credit rating is questionable with all these trials hanging over his head. $83 million here, maybe $370 million there, unknown amounts in the documents and vote tampering cases. And nobody is actually sure how much he’s worth. The Trump brand is damaged goods.
He’s under a financial microscope at the moment. He can’t reassign any assets until the two civil trials are completed and paid. Whether Carroll sees the entire award depends on the NY fraud outcome and what Trump’s assets are really worth. Maybe his cracker jack attorney will miss the 2 week appeal deadline, allowing Carroll to seize his liquid assets and put liens on Trump’s real estate holdings.
Is it considered paying if it’s forcefully garnished?