Donald Trump's recent posting of a $91.6 million bond for E. Jean Carroll's defamation lawsuit has raised eyebrows, especially amid reports suggesting financial troubles for the former president.
Notably, Trump appointed Chubb's CEO, Evan Greenberg, to a White House advisory committee for trade policy and negotiations in 2018. I Photo: National Committee on U.S.-China Relations
Tori Otten reports for the New Republic that Trump's bond covers the damages awarded to Carroll, along with interest accrued due to delayed payment.
Despite Trump's attempts to delay payment deadlines or reduce the total ruling amount, the presiding judge consistently denied his requests. Court records reveal that the bond was guaranteed by the Chubb Corp., an insurance group.
Notably, Trump appointed Chubb's CEO, Evan Greenberg, to a White House advisory committee for trade policy and negotiations in 2018. Greenberg's involvement in guaranteeing Trump's bond suggests a significant favor may have been called in.
Trump's financial challenges extend beyond this lawsuit.
He reportedly has limited liquid assets, insufficient to cover over $500 million in fines, damages, and legal fees. Recent court orders require Trump to pay substantial sums, including $382,000 in legal fees to Orbis Business Intelligence.
Moreover, Trump still owes $5 million to Carroll for a previous lawsuit and faces a staggering $466 million in fines for real estate-related fraud in New York, accruing additional interest daily.
Greenberg's ties to Russian ventures, particularly in oil and gas exploration, add an intriguing dimension to the situation, highlighting potential complexities in the relationship between Trump and his benefactors.
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