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.
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.