The verdict comes after a dramatic day in court that included the former president storming out of the courtroom during Carroll's closing argument.

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.

  • FlowVoid@lemmy.worldEnglish
    51·
    11 months ago

    Yes, he could get a bond. But these bonds are generally 100% collateralized, because the bank is unlikely to get their money back. So that just means his property will be under lien during the appeal and auctioned off if he loses.

    • thereisalamp@reddthat.com
      4·
      11 months ago

      Generally. Trump has an uncanny ability to secure bank loans though. And, if New York requires him to sell his properties in the fraud case it wouldn’t surprise me if he was able to leverage the impending sale to secure the bond and then pull, well, a trump.

      Remember, the rules you and I play by are not in effect here.

      • FlowVoid@lemmy.worldEnglish
        31·
        11 months ago

        Well, he was able to secure loans back before it was revealed that he misrepresented the value of his assets. Now, perhaps it won’t be so easy.

      • Wirrvogel@feddit.deEnglish
        2·
        11 months ago

        Trump has an uncanny ability to secure bank loans though

        Not after 2020 anymore because:

        President Donald Trump’s lenders have forgiven around $287 million in debt that he didn’t pay back, and most of it was related to Chicago’s Trump Tower, according to a New York Times report

        I am sure Deutsche Bank is not going to give him another Cent and any other bank will go and count stairs, because he is lying about everything, even about how many floors his buildings have. The times it was easy for him are over.

        On top of the 83 million he has a huge amount to pay to his lawyers and since he is not accepting the outcome of the trial and he has another 14 or so going on… and taking money out of his election funds is now also harder to do and getting elected is more expensive because Koch is helping his opponent and Koch has a truly endless warchest.

        Every financial transaction he does is under a looking glas now, no more face value and trust, he is seen as the financial sector should have seen him in the past: A naked “king” that pretends to wear nice clothes.