Now that a trial jury has ordered Donald Trump to pay $83.3 million to E. Jean Carroll, Trump’s money and assets don’t just fall through an instant trap door and land in Carroll’s front yard. There’s a legal process involved. At the same time, Trump isn’t going to be able to just avoid paying up. And that process is now officially underway.
After having shot down Trump’s post-verdict appeals, Judge Kaplan officially entered the $83.3 million verdict into the record today. This means Trump now has thirty days to appeal the verdict – and if he decides to do that, he’ll have to put up a massive bond that a lot of people think he can’t afford.
If Trump doesn’t appeal, the legal process will begin by which Carroll and the courts can begin seizing Trump’s assets. Again, it’s not an instant process. But it’s not an infinitely delayable process either. Trump either has to put up a ton of money right now so he can appeal this verdict, or he has to sit back and let the legal system start the process of taking away his assets. Either way it’ll be very expensive for him.
As of today the clock has officially started. If Trump doesn’t come up with enough money to post bond for an appeal within thirty days, $83.3 million of his assets will be in play. And that’s before getting to the perhaps $370 million in assets that Trump is set to lose in his New York civil fraud trial.
Bill Palmer is the publisher of the political news outlet Palmer Report