Posted on 04/19/2024 1:06:28 PM PDT by Red Badger
KEY POINTS
* The New York Attorney General’s office asked a judge to void a $175 million bond posted by former President Donald Trump to secure a much larger monetary damage award in his civil business fraud case.
* The AG’s office in a court filing said that Trump and other defendants in the case had failed to show there is enough identifiable collateral to back the bond.
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The New York Attorney General’s office on Friday asked a judge to void a $175 million bond posted by former President Donald Trump to secure a much larger monetary damage award in his civil business fraud case.
The AG’s office in a filing said that Trump and other defendants in the case had failed to show there is enough identifiable collateral to back the bond for the judgment in Manhattan Supreme Court.
The filing notes that the surety Trump used to obtain the bond, Knight Specialty Insurance Company, is “a small insurer that is not authorized to write business in New York and thus not regulated by the state’s insurance department, had never before written a surety bond in New York or in the prior two years in any other jurisdiction, and has a total policyholder surplus of just $138 million.”
This is breaking news. Please check back for updates.
IF the court didn’t specify all of the criteria for the bond that’s on them.
Donald....Fill that 10 wheeler with pennies and dump it on the Courtroom steps.
She is right on the technical aspects of this, but she is still a crap-ham shyster.
Your money is no good here. Pay is what we want. “Your life.”
I was hoping Trump sold $200 million of his Truth Social stock and brought in cash for the bond.
NY justice system such a circus now that they’ve got people whipped up to self-immolate. Tat + the juror who lied to get seated, slept on a guilty conscience and begged to get of are all that is needed for a change of venue. What next?
Dead on correct. This tissssha james is meddling with the BOND process.
The bond company has the funds— and has made the payment. The check has cleared. It’s none of her damn business what collateral arrangement was. More fishing for crap to pile on Trump and his many assets backing all sorts of operations and cash flow.
She’s losing, and she’s going to lose the appeal also- and cost NY a boat load of interest on repaying the Bond back to the Bond company. She is quite stupid and arrogant= so good on her.
When will the people have ENOUGH of this crap?
The criminals are the ones running the government.. And we tolerate.. And tolerate..
Wouldn’t matter if it was stacks of gold.
CNBC?
GFYS
IS Engeron the one to decide this or an appellate court?
If Knight cannot make bond, they are risking their own license, rating etc....
Knight is undoubtedly re-insured if it doesn’t have enough collateral.
Everything they do is making America like him more.
She clearly has dreams of being Governor...or Senator...or maybe even....
Damn you Alinsky! I read your book!!!
I had read where there is a six month hold before he can cash out.
More bullying.
Laying it on thick.
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