After Donald Trump posted a bond of nearly $92 million on Friday as he appealed the jury’s verdict in E. Jean Carroll’s civil defamation case, legal analyst Andrew Weissmann warned on Sunday that the former president may be “beholden” to people behind the bond.
Trump, the likely GOP nominee in the 2024 presidential race, was ordered in January to pay $83.3 million to Carroll, a former Elle columnist, for damaging her reputation after she accused him of sexually assaulting her in a department store dressing room in the mid-1990s. A separate jury last year awarded Carroll $5 million from Trump for sexual abuse and defamation. Trump has denied any wrongdoing in those cases and said they were politically motivated.
The $91.6 million bond, which Trump posted on Friday, consisted of the $83.3 million judgment, along with statutory interest added by the State of New York. The bond was secured by the Federal Insurance Company, a part of insurance company Chubb Corporation. The bond has since sparked speculation over why the Federal Insurance Company decided to guarantee Trump’s bond and who within the company made the decision.
This is the best summary I could come up with:
Trump, the likely GOP nominee in the 2024 presidential race, was ordered in January to pay $83.3 million to Carroll, a former Elle columnist, for damaging her reputation after she accused him of sexually assaulting her in a department store dressing room in the mid-1990s.
He later added: “There is a simple way of looking at this, is that he has $450 million reasons to be differential if somebody else is putting up the money or co-signing…That issue of who is actually behind this is something that people who are voting should know.”
The former president owes further payments in New York after a civil fraud trial judgment was imposed by Judge Arthur Engoron.
Trump was recently fined roughly $355 million, plus interest, in his New York civil fraud case, which accused him, his two adult sons, Donald Jr. and Eric, The Trump Organization and two firm executives of fraudulently overvaluing assets to secure more favorable bank loans and taxation deals.
Meanwhile, Chubb chairman and CEO Evan Greenberg has history with Trump, having been appointed in 2018 to his Advisory Committee for Trade Policy and Negotiations during his presidency.
The Washington Post recently reported it is “not clear from court records what collateral Trump presented to obtain the bond from Chubb.”
The original article contains 635 words, the summary contains 211 words. Saved 67%. I’m a bot and I’m open source!