Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty
If Trump wins, he won’t have to pay the state anything and will get back the money he has put up now.
If Trump wins, he won’t have to pay the state anything and will get back the money he has put up now.
Trump’s lawyers have challenged the judgment, which included a $65 million punitive award, saying there was a ‘strong probability’ it will be reduced or eliminated on appeal.
‘If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets.’
A jury last year agreed that it happened and awarded Carroll $5 million in damages for sexual abuse and defamation.
‘Trump is really only there as a provocateur.’
‘It’s a disgrace, frankly, what’s happening,’ Trump told reporters, repeating his claim that author E. Jean Carroll’s rape allegation was ‘a made-up, fabricated story.’
The testimony came on the third day of a trial in Manhattan federal court that will determine what damages, if any, Trump owes.
‘He called me a liar repeatedly, and it really has decimated my reputation. I am a journalist. The one thing I have to have is the trust of the readers.’
A jury to be chosen Tuesday prior to opening statements will hear evidence pertaining to $10 million in compensatory damages and millions more in punitive damages.
‘I think it may embolden other state courts or secretaries to act now that the bandage has been ripped off.’