Good luck to this man.
Donald Trump raised a lot of eyebrows on Friday when he finally posted bond for E. Jean Carroll’s defamation lawsuit against him, amid reports that the former president is broke.
Trump posted a $91.6 million bond, which covers the $83.3 million he was ordered to pay in damages for defaming Carroll and interest for putting off payment for so long. He had repeatedly tried to get the deadline to pay delayed or get the total ruling amount reduced, but the presiding judge struck him down every time.
But the question on everyone’s mind is, how did Trump get that money together? He appears to be struggling to post bond in his multiple lawsuits and reportedly only has about $413 million in liquid assets. That’s not nearly enough to cover everything he owes in legal fines.
It turns out that Trump may have called in a major favor: Court records filed Friday show that the bond was guaranteed by the Chubb Corporation, an insurance group. In 2018, Trump appointed Chubb’s CEO Evan Greenberg to a White House advisory committee for trade policy and negotiations.
Trump only just managed to make his deadline to post bond. He had to post and then appeal by March 11, or Carroll’s lawyers could start collecting on damages. But his financial woes are far from over.
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