He could then be President of the United States; he could then be a convicted criminal serving time behind bars; or, given his advanced age, Carroll may be forced to reckon with his estate. Any of these developments could substantially complicate collection efforts here.
He skipped paying the $5 million bond on her first judgement…
No, he put $5.5 million in a trust pending appeal. He hasn’t set aside the money for the $84 million appeal, and he has until March 25th to come up with the money for the $450 million appeal.
The Trump team has already filed the appeal, but the enforcement action will still take place, unless he puts the money in escrow, which he won’t do, which only means that they will start seizing property while the appeal plays out
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Isn’t there money under sanction currently?
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He wasn’t able to get a $5 million bond because no one on earth would give him one. He ended up putting the full 5 1/2 million dollars cash in escrow.
He’s over leveraged to extremes and even his tangible assets, like hotels and resorts, probably aren’t worth enough to cover the 400M package if, if sold.
His “I’m a billionaire” shtick was always ethereal at best and a straight up lie to boost the perception of his net worth at minimum.
The bizarre thing with Trump isn’t finding out he’s far from as wealthy as he and his family like people to believe, but that he’s always been able to sucker some new money source into covering his debts with the banks.