Former President Donald J. Trump, facing an $83.3 million verdict in the defamation case brought by E. Jean Carroll, has the financial leeway to delay payment until the appeals process is fully exhausted. As reported by The New York Times, this delay tactic, facilitated by Trump’s substantial financial resources, adds another twist to the high-profile legal battle.
Trump, known for his considerable wealth primarily tied up in property assets, has the option of either depositing the full amount with the court during the appeal or securing a bond. A bond would allow him to avoid an immediate full payment but would require a deposit, collateral, and accrue interest, fees, and a lender.
In a similar situation last year, Trump chose to pay $5.5 million to the court while appealing a related case judgment. However, securing a bond this time could prove challenging given his current legal complications and the requirement to find a financial institution willing to lend a substantial sum.
Trump’s approach to legal expenses often involves minimizing personal expenditure. He has historically used funds from his political action committee to cover legal costs arising from criminal indictments and civil trials. Yet, the $83.3 million surpasses his political accounts, compelling him to potentially use personal funds.
Despite the delay, legal experts, including Bruce Green of Fordham University, affirm that Carroll is likely to receive her dues eventually, given Trump’s financial capacity. Trump’s recent asset liquidations, including the sale of his Washington hotel for $375 million, indicate available resources to cover such verdicts.
Simultaneously, Trump faces a separate financial challenge with the New York attorney general’s pursuit of a $370 million penalty related to a civil fraud trial. The outcomes of these trials will determine if Trump needs to liquidate further assets to meet these financial obligations.