Posted on 04/04/2024 5:44:53 PM PDT by blueyon
Donald Trump's problematic $175 million bond to cover his New York civil fraud appeal has raised questions about what exactly led to the rejection of his insurer's paperwork, says a legal analyst.
The Trump Organization's court-appointed monitor, Barbara Jones, likely has all the answers, MSNBC legal analyst, Lisa Rubin, wrote on X, formerly Twitter.
Donald Trump's problematic $175 million bond to cover his New York civil fraud appeal has raised questions about what exactly led to the rejection of his insurer's paperwork, says a legal analyst.
The Trump Organization's court-appointed monitor, Barbara Jones, likely has all the answers, MSNBC legal analyst, Lisa Rubin, wrote on X, formerly Twitter.
"I can think of a courtroom full of journalists, as well as a bunch of lawyers in the New York Attorney General's office, who would love to know what Barbara Jones presumably knows right now," Rubin said.
On Wednesday, a message on the New York State Supreme Court's electronic filing system showed Trump's "Bond/Undertaking" had been "returned for correction."
(Excerpt) Read more at newsweek.com ...
The judge wants to be able to say that Trump overvalued his properties to get the bond... thereby entering infinite loop territory.
Newsweak has this all wrong. The Bond will be and has been re-submitted per an Appeals Court Order. This article is horse crap.
The court order is for the bonding agent to demonstrate full and legal possession of the bond amount in an escrow account within 10 days to prove it’s a real bond.
It is Newsweek after all. What should we expect,?
From earlier this afternoon:
https://www.businessinsider.com/trump-175-million-appeal-bond-to-be-reviewed-ny-ag-2024-4
Not a problem for Knight Corp- very large bond company. Big construction projects, civic and private. Newsweak stirs up the crap swirling away from them- wrong as always.
I hope you’re right.
FTA-——The financial statement the court says is missing does not seem to be Trump’s. Rather, the court appears to be demanding these documents from Knight Specialty Insurance Co. to ensure that the company is sufficiently capitalized and authorized to post the bond.
Under a 3/21/24 order, the Trump Org must give retired federal judge Barbara Jones, the court-appointed monitor in the case, advance notice of their efforts to secure surety bonds.
Details of Trump’s bond may be included in Jones’ future reports to Judge Engoron on the financial status of the Trump Organization. Newsweek sought email comment from Knight Specialty Insurance on Thursday. The court would likely reject Trump’s bond if the paperwork is not corrected. That would mean Trump would lose his right to appeal Engoron’s fraud judgment and the $454 million would be due.
Attorney Tristan Snell, author of “Taking Down Trump” about his experience suing Trump on behalf of students of the failed Trump University, noted that the insurance paperwork has been “returned for correction” “[The] court demands that the bond underwriter, Knight Insurance, provide more info about their own solvency and authorization to cover the bond.” Snell wrote on X on Wednesday.
IOW, the Democrat Party now controls the Trump Organization.
BTTT
Lawfare persecution continues.
You misspelled Newsweak. :)
Lawfare
I expect he had to post some financials to the bonding company, and they are assuming that he used fraudulent figures, such as overvaluing Mar-a-lago, etc. Like looking in infinite mirror images of their corrupt take on all things MAGA.
Thank you.
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