Posted on 04/21/2024 11:51:51 AM PDT by Macho MAGA Man
Marxist New York Attorney General Letitia James asked a judge to void Trump’s $175 million bond that he posted to appeal the civil fraud case
Letitia James argued that California-based Knight Specialty Insurance Company (KSIC) is not approved to do business in New York.
James also questioned whether KSIC has the funds to back up the $175 million bond Trump previously posted.
“Based on KSIC’s policyholder surplus in its most recent annual financial statement of $138,441,671, the limitation of loss on any one risk that KSIC is permitted to write is $13.8 million,” Letitia James’ office wrote in a 26-page filing according to Fox News. “The face amount of the bond exceeds this limitation by $161.2 million.”
James also argued in her filing: “KSIC is not qualified to act as the surety under this standard because its management has been found by federal authorities to have operated affiliated companies within KSIC’s holding company structure in violation of federal law on multiple occasions within the past several years.”
“KSIC does not now have an exclusive right to control the account and will not obtain such control unless and until it exercises a right to do so on two days’ notice,” James’ office wrote in the filing.
Letitia James asked the judge to void Trump’s bond
(Excerpt) Read more at thegatewaypundit.com ...
And she obviously had help with this because she isn’t half smart enough to have figured it out on her own.
It is “all or nothing” for Trump. Either he wins again and vanquishes his foes once and for all, or he ends up jailed and bankrupt.
You’re exactly right.
Obamacare was not repealed. The penalty if you didn’t get insurance was repealed.
That’s what Briben demands of his puppets.
Doesn’t this bald faced ghetto yeti have anything better to do?
She couldn’t even pay the taxes on the lobby carpet.
She’s like a street hustler with a pipe dream.
Yes. campaign ads and ads to raise money for more ads.
Ads saying, if the democrats can and will do this to Trump, they can and will do this to you.
I agree with her. Void the bail bond. Then set the bail at zero. Trump did due diligence and acted in good faith. Let him appeal without being further hectored and badgered by Leticia.
Letitia is not that smart; who is the brains behind her? Obozo???????
I have.
Well that’s not hard . The GOP is doing eff-all to elect Trump. An the RINOs just cashed in their insurance policy in case they get voted out.
So much for him being a billionaire.
Trump is getting FREE TV time on the LIBs taxpayer dime! While I cannot stand the corruption, I do believe GOD’s justice will prevail in time (maybe not our time frame). Plus, since those lousy LIBs put restrictions on his travel, he is going about campaigning in NY, NJ, etc. People are seeing this first hand and I am very hopeful that 1 unexpected liberal state will switch in November. Look at what happened to the 3 guys in Daniel (Old Testament). They stood against the corruption, held to their belief and GOD saved them from being burnt ALIVE!
It would only take nine million of us giving $50 each to get $450M.
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