Money Walls Closing In on Trump?
With a jury ordering Trump to pay E. Gene Carroll $83.3 million in damages (on top of the $5 million in damages a previous jury awarded), and Trump vowing to appeal, the rules require Trump to post that amount in cash or bond to cover the appeal. The money is held by the court to be paid to Carroll if she prevails over Trump in the appeal. Once the final judgement is written by the judge (a formality that will happen soon), Trump has 30 days to appeal. If he does not appeal, he becomes immediately obligated to pay Carroll the jury mandated damages.
Posting the cash is straightforward. Trump would deliver $83.3 million in good funds to the court. Trump did that very thing with the previous $5 million. With the $83.3 million, the court may give Trump the option (or require instead) that Trump post bond. To do that, Trump would have to find a bonding company that (1) can handle that large amount, and (2) be willing to take the credit risk Trump presents. In the end, posting bond brings significantly higher costs to Trump because of the fees the bonding company requires.
Of course, if the verdict is overturned on appeal, Trump's liability for damages would be reduced to zero. While an appeals court may tinker with the $83.3 million amount, a finding of zero damages, or even vastly reduced damages, is highly unlikely. Either way, Trump must still post $83.3 million in cash or bond if he wishes to appeal the most-recent jury finding.
The risk to the bonding company is an issue because, in another trial, this one for fraud, Judge Engoron is just days away from issuing his judgement. That one could top $300 million if the NY AG gets the damages she is asking for. I can't imagine any bonding company agreeing to cover Trump's $83.3 million obligation before the amount of the Engoron judgement is known.
These puzzle pieces will come together in the next few days. Judge Kaplan will issue his written judgement, which starts the 30 day appeal clock. Judge Engoron will issue his judgement and that amount will be known.
Then we get to see if Trump actually has the cash on hand he said under oath he has.
A possible additional source of funds for Trump is his political contributors. Some of them may be perfectly happy to send more of their money to a billionaire whose behavior (sexual assault, defamation, and fraud) resulted in these expenses. It is strange but true that a good number of MAGA people will send money to billionaire Trump to help him cover the costs of (and reward) his illegal and unethical behavior.