China News Service, New York, March 8 (Reporter Wang Fan) Court documents released by the U.S. Federal Court for the Southern District of New York on the 8th showed that former U.S. President Trump has paid a deposit of US$91.63 million and is suing writer Carroll for his reputation. The defamation verdict was appealed.
Data map: Former US President Trump.
In January this year, Trump was found guilty of malicious defamation by a jury in the above-mentioned case and was required to pay Carroll a total of $83.3 million in damages.
This time, Trump used his assets to obtain a total of $91.63 million in margin bonds from Federal Insurance Company, a subsidiary of the insurance giant Chubb Group.
The bond serves as collateral to cover damages from previous judgments and interest that may accrue during appeals.
US media reported that the payment of the bond is a necessary step to delay the execution of the previous judgment. Trump is expected to delay the execution of the judgment through a mortgage bond until the Federal Court of Appeals for the Second Circuit makes a ruling on the case.
A federal court judge for the Southern District of New York will issue a response by Monday.
Recently, Trump's financial situation has attracted much attention as he faces the problem of paying huge damages in multiple civil cases.
In February this year, Trump was also fined $355 million by a New York State Supreme Court judge for financial fraud and was required to pay nearly $100 million in prejudgment interest in accordance with New York state law.
Currently, Trump is also facing multiple criminal prosecutions for allegedly trying to overturn the results of the 2020 presidential election and allegedly improperly handling confidential documents.
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