New York AG says $175 million Trump fraud bond isn’t properly backed, should be voided

https://www.cnbc.com/2024/04/19/new-york-ag-says-175-million-trump-fraud-bond-isnt-properly-backed-should-be-voided.html

40 comments

  1. > 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.”

    Knight Specialty Insurance Company is a Perfect company, just absolutly perfect, all my friends in St. Petersburg and Moskva say so.

  2. On one hand, James is right on the money to request this extremely shady bond be denied.

    On the other hand, yet another 7 days for Trump to dither and delay.

    So much leeway afforded to this conman.

  4. Never mind the other details, the fact that the firm only has $138M in policy surplus should be enough to void the bond on its own.

  7. Trump: That’s ok, I have the cash. Let me go get it, I’ll be right back.
    *Hours pass by and no Trump*

  8. At this point Trump can just write down “IOU” on a napkin and they’d let him go

  9. So he commits fraud in posting a bond to appeal a fraud conviction.

    Freaking amazing…

  10. Seems on par for him. Negotiate payment to approximately 1/3 the total, then hand over funny money.

  11. NOT shocking. He said all this time to try and come up with money and he just can’t do it.

  14. >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.”

    tl;dr Knight tried to post a fraudulent bond.

  17. OK LETS GIVE TRUMP ANOTHER 20 DAYS TO PAY IT BACK AND LETS SEE ABOUT IT LATER/S

  18. Send the sheriff to seize his shit while he is stuck in court! LOL!

  20. The fact that they keep giving him more and more and more of a leash is very frustrating. lowered the bond (fine. I get it. unconstitutional.), more time. finds someone to post the bond, bond is suspect and he’s given more time, bond is even more fishy than we all thought, more time. Hopefully something happens monday and it’s not more time given, start taking his property.

  22. “A hearing on the bond dispute is set for Monday.”

    Logistically, how does he handle this. Isn’t his presence required in the criminal trial?

  23. There should be consequences for that bond company for wasting the courts time.

  24. 10 day extension?

    10 day extension?

    *Anyone*?

    10 day extension?

  26. Oh man, I hope they start seizing his properties while he’s in court next week, he hears about it, and he can’t leave the courtroom. That would be 🤌🏼

  28. Why the fuck does this idiot get so much preferential treatment.

  29. New York AG asks for the judge in Trump’s civil fraud case to REJECT the Knight surety and declare the bond to be VOID because the surety doesn’t meet the “requirements of trustworthiness and competence”.

    Justice Engoron will hold arguments on this issue on Monday morning 4/22 at 10AM

    If the judge declares the bond to be void, the NYAG requests another bond within seven days.

    Filing here:

    https://s3.documentcloud.org/documents/24558931/452564_2022_people_of_the_state_of_v_people_of_the_state_of_memorandum_of_law_i_1738.pdf

  30. I really think the media should be trying to communicate to the public how regular or irregular these processes and delays are. If this is irregular, we need to know that. If this is regular and a thing most defendants can do, we should know that too so people aren’t getting too upset and getting the wrong idea that Trump is being treated too easy.

  31. So…if it’s invalid, that means Trump has yet still to come up with the bond that was due…March 25th?

    It’s a month overdue at this point, so why are we sitting here?

  32. Oh look MORE fraud…. Trump loves to crime. The most Criminal President ever and he has cult followers who want his crooked ass in power again. Billionaires want more tax cuts (increase inflation) Trump is just a tool for that. They dont care if he burns it all down in the process. The right wants an autocracy, they are preaching democracy is bad with no repercussions. Downing our republic and all like it to guaranteed failure in the most horrible ways. Anti-democratic talking points. Wow! We did a 180 20 years ago democracy was sacred because they feared communism. No such fear exist anymore so the rich want their autocratic rule back. Paying off multiple politicians must be problematic.

  33. Can’t he just do this repeatedly if their are no consequences?

    Can i just pay my bills with fake money? Just do it over and over until i die.

    Thanks for nothing New York.

  34. > Knight Specialty Insurance Company, is “a small insurer that … has a total policyholder surplus of just $138 million.”

    $37M short of paying the bond and $315M short of the full penalty.

  35. I remember a judge threatening to hold an attorney in contempt for forgetting to turn off a cell phone. But Trump can just shit all over the entire system without more than a limp finger wag.

  36. How many more decades of hand wringing are we going to get?

  37. > 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.”

    As expected, it’s just more fraud and lies and deceit constantly.

    Lock this traitor up already, seize his properties immediately, no different than would have been done to any one of us long ago by now. Enough of the multi-tier “justice” system in this country!

  38. Oh look they issued this on a Friday so nothing will even be looked at till Tuesday morning. Another day he’s not being treated like a citizen.

  39. Can you imagine if this was a regular person doing this. New fraud charges in jail ect.

    Stop soft gloving him and crack the hell down.

  40. This is ridiculous ten times over.

    Start seizing assets already and take everything from this vile pile of shit.

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