New York AG Letitia James asks judge to void Trump’s bond in his civil fraud verdict

https://www.nbcnews.com/politics/donald-trump/new-york-ag-letitia-james-asks-judge-void-trumps-bond-civil-fraud-verd-rcna148628

26 comments

  1. New York Attorney General Letitia James on Friday asked that a judge void former President Donald Trump’s bond in his civil fraud case, questioning whether the company that issued it has the funds to back it up.

    In a 26-page filing ahead of a pre-scheduled hearing on Monday, James expressed concern about whether Knight Specialty Insurance Company could secure the $175 million bond. She also argued that the collateral put up by the former president should be under the full control of the company.

  2. Please God get this done immediately. I want to see Trump shit on eBay.

  5. Void his bond like Trump voids his bowels: immediately, publicly, and without warning.

  7. They should probably look into it for possible criminal violations while they’re at it, it sounds shady AF and like they tried to defraud the court (in a case where he was convicted of fraud no less!)

  8. When it comes to such large amounts is the bond more of an IOU than actual physical money in an escrow account?

  9. After all I have read about this “bond” it should never have been accepted. It’s shady as fuck and probably not enforceable. Not worth the paper it’s printed on.

  10. Monday should be interesting (between opening statements in his election interference felony trial and this). Knight Specialty Insurance should not have been an accepted bonding agency. They aren’t licensed to do business in New York for starters, their own balance sheet also says that they don’t even have $147M in net equity themselves. They say that the bond is backed by a Charles Schwab account that was created for this specific reason. How the heck did Trump manage to move $147M into an account without the financial monitor knowing about it? Also, why doesn’t the bond agreement give KSIC full control of that account? This whole thing reeks of money laundering and financial fraud. If the bond is accepted, Trump will immediately drain the account and KSIC will immediately close up shop and Tish James will have a hard time collecting.

  11. Very curious to see how everything starts to roll out Monday

  12. I have the strong feeling that this judge is going to reduce the bond to an amount that Trump can actually afford. A few million dollars.

    It would be awesome if it went the other way and he demanded a cash bond immediately deposited into escrow. Which is what should have happened in the first place.

  13. They will schedule a hearing for next month sometime…

  14. Show us the moneyTrump.

    I thought putting up a bond meant you actually had to have CASH in an account controlled by the court…or at least something more concrete than a kiss and a promise from an underfunded wannabe bondsman.

  15. It’s almost like if you’re rich, the justice department just lets you do it.

  17. Not one of Trump’s lawyers flagged this days / weeks ago? It could be yet another stall tactic but given some of the sheer stupidity we’ve seen from his legal counsel in the past, I’m pretty sure these idiots could fuck up a cup coffee. They’re so fucking dumb they’d figure out a way to come third in a two car race.

  19. We’ve been hearing that the bond company doesnt have the money for two weeks now. Wtf man? So why now: hold a hearing and give Trump another week to prove it’s a legit bond company and then when it’s not, another two weeks to come up with an alternative? He’s playing all of these people for fools.

  20. This doesn’t seem like normal government behavior

  21. Then turn around and file new charges of fraud to both Trump and that crony and company.

  22. Give him ***ANOTHER*** 7 days to squirm away! /facepalm

    Why do they keep extending the consequences of his utter disregard for the legal system?

  23. >One of James’ concerns about KSIC is that the insurer “is not authorized to write business in New York and thus not regulated by the state’s insurance department.” She added that the company “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.”

    So the bond company isn’t authorized to do that for a NY case and they don’t have the cash to cover the whole nut?

    Am I reading that right?

  24. Well now that Trump is collecting his 5% fealty from the RNC, he should be loaded!

  25. I am guessing you are within the law.
    So.
    Keep the pressure on.

  26. The bond is fraudulent ? When do his supporters start giving up their beliefs about this man.

Leave a Reply