Judge Lewis Kaplan denied Donald Trump’s request for a stay of the $83.3 million judgment against him for defaming E. Jean Carroll.
Judge Kaplan wrote in his ruling:
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Donald Trump now must pay $83.3 million + interest to post bail to appeal the defamation verdict, or he will have to pay E. Jean Carroll.
Trump is out of options, and more importantly, it appears he doesn’t have the money to post bail to appeal the New York fraud conviction or E. Jean Carroll’s sentence. Carroll has made it clear that he wants his money. On Wednesday, Trump’s lawyer, Alina Habba, submitted a letter to the court asking for leniency and asking Judge Kaplan to stay the sentence, but Kaplan denied that request.
In real terms, this means Trump has two options. He must come up with more than $91 million to post bail so he can appeal, or he must pay Carroll. E. Jean Carroll and her team are ready to start cashing in on Trump now.
Trump’s wealth is almost all on paper. In reality he owns very few buildings outright, and many of his properties have mortgages on them and cannot be sold to post a bond.
Donald Trump is drowning fast and no one seems willing to throw him a financial lifeline.
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Jason is the managing editor. He is also a member of the White House press pool and a congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His graduate work focused on public policy, with a specialization in social reform movements.
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