N.Y. AG asks judge to void Trump’s $175M bond in civil fraud case – UPI.com

https://www.upi.com/Top_News/US/2024/04/19/letitia-james-trump-bond-void/6011713565522/

23 comments

  1. The judge should have done the background work the minute he got word of the bond. Allow Letitia to start taking assets!!

  2. >According to the filing, KSIC has a total policyholder surplus of just $138 million. Under New York state law, the firm cannot expose itself to liabilities, like a bond, greater than 10% of its surplus, or just $13.8 million.

    >James’ office also criticized Trump’s apparent control of $175 million in cash he placed in an account as collateral, arguing the defendants “failed to meet their burden to demonstrate that the bond is ‘sufficiently collateralized by identifiable assets.'”

    >”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,” her office wrote.

    In other words — *more fraud*.

  5. Judge! Move your ass and let’s get this done! The American people deserve this bullshit to be over with. Void that shit and let our girl Letitia James do her thing. Enough of this delay already!

  7. Would ny state let a regular criminal do this to post their bond?

  8. Just like anything Trump, the bond was a load of bullshit.

    Start seizing his assets, enough of this special treatment.

  9. Would be hilarious if they sequestered Trump Tower in NYC and evicted him from his current trial crib.

  11. And that was after they lowered the bond by about 70%.

  13. another 7 days?!! How many lifelines is the system gonna give him?

    I would love to compare this to other problematic bond issuances elsewhere.

  14. What a day Trump will have when he’s stuck in New York court while that very state seizes his property. Expect many farts.

  16. Yeah, there is no way this get appealed and delayed, this time we have got him….

  17. I realize this may be asking for extra cherries, but – Will there be additional penalties??

  18. Was this a just a blatantly fraudulent delay tactic? I mean. That’s not good.

  21. How do the bonds not require a sworn affidavit saying it complies with NY laws and requirements with a harsh penalty (civil penalties to the bond company) if found fraudulent?

    Seems like par for the course to prevent fraudulent behavior.

  22. How many extensions does this make, now?

    If the bond was remotely solid, you’d think a NY-recognized bonding company would accept it as collateral for a bond that NY would accept.

    It’s offensive, all the things he gets away with.

  23. Remember that the republicans are covering for Trump and were directly involved in many of Trump’s worst crimes. Keep voting out republicans every year. Check your registration, get an ID , learn where your poling station is, learn who is running in down ballot races. Pay attention to primaries not just for the president but for all races, local, state and federal. From the school board to the White House every election matters. The more support we give the democrats from all levels of government the more they can get good things done. We vote out republicans and primary out uncooperative democrats.

    Last year democrat victories in Virginia and Pennsylvania and others across the nation have increased the chances of democrats winning this year. This year’s elections are important but so will next year’s elections.

    [https://ballotpedia.org/Elections_calendar](https://ballotpedia.org/Elections_calendar)

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