Trump Bond Rejected and 'returned for correction': Docs for Trump's $175M bond get bounced

[dudmuck]

 

[Zincwarrior]

An update.
Evidently Trump Co can't even get the reduced bond right.

N.Y. AG seeks more information about Trump bond and collateral

The New York attorney general filed a notice on Thursday seeking more information about former President Donald Trump’s bond in the civil fraud case.

www.nbcnews.com

N.Y. AG seeks more information about Trump bond and collateral​

The New York attorney general filed a notice on Thursday seeking more information about former President Donald Trump’s bond in the civil fraud case.

New York Attorney General Letitia James during a press briefing in New York, on Feb. 16.Bebeto Matthews / AP file

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April 4, 2024, 11:20 PM CDT
By Lisa Rubin, Adam Reiss and Megan Lebowitz
WASHINGTON — New York Attorney General Letitia James filed a notice on Thursday seeking more information about former President Donald Trump's bond for the civil fraud case, which was issued by Knight Specialty Insurance Company.
KSIC is not admitted in New York, and James "takes exception to the sufficiency of the surety to the undertaking" given to Trump without a certificate of qualification being issued to the company, James said in the filing.

James asks that Trump's team or KSIC "file a motion to justify the surety bond," or provide further information about collateral provided by the former president, within 10 days.

Don Hankey, the chairman of KSIC, said the $175 million bond posted Monday was fully collateralized by cash from Trump’s company.
Neither KSIC nor Trump's lawyers immediately responded to NBC News' request for comment on Thursday night. The New York attorney general's office did not immediately respond to a request for further comment either.

New York Attorney General Questions Trump’s $175 Million Bond Deal

Letitia James said in court papers that the California company providing the guarantee was not qualified to do such deals in New York.

www.nytimes.com

 

[Fort Fun Indiana]

Are you headed to Ukraine to fight for Biden and Zelen$ky?

Are you going to continue to fight for a beggar billionaire who wouldn't give you a squirt of piss, if you were on fire?

Yep.

 

[BackAgain]

An update.
Evidently Trump Co can't even get the reduced bond right.

N.Y. AG seeks more information about Trump bond and collateral

The New York attorney general filed a notice on Thursday seeking more information about former President Donald Trump’s bond in the civil fraud case.

www.nbcnews.com

New York Attorney General Questions Trump’s $175 Million Bond Deal

Letitia James said in court papers that the California company providing the guarantee was not qualified to do such deals in New York.

www.nytimes.com

Don’t be so obtuse, zinc. The bond company’s own assets are what’s being questioned. It’s perfectly normal for courts to scrutinize bond applications to make sure the money gets paid in full in the event of a default by the defendant.

 

[The Duke]

Don’t be so obtuse, zinc. The bond company’s own assets are what’s being questioned. It’s perfectly normal for courts to scrutinize bond applications to make sure the money gets paid in full in the event of a default by the defendant.

I kinda doubt it's so perfectly normal in this case. It's probably undue harassment by the AG.

 

[BackAgain]

NYAG’s bid to invalidate Trump's $175M bond fails in court​

 

[EvilEyeFleegle]

NYAG’s bid to invalidate Trump's $175M bond fails in court​

take your victories where you can find them~

 

[BackAgain]

take your victories where you can find them~

Meh. You TDS vermin flood the board with rapturous announcements when the issue of the bond is raised. You just don’t like reading that your wet dreams have failed you yet again.

 

[EvilEyeFleegle]

Meh. You TDS vermin flood the board with rapturous announcements when the issue of the bond is raised. You just don’t like reading that your wet dreams have failed you yet again.

Sure, sure.
Perhaps you've lost sight of the larger picture?
I get it....the fact that a reduced bond is acceptable somehow covers up the litany of loss your ilk endures...24/7.

 

[BackAgain]

Sure, sure.
Perhaps you've lost sight of the larger picture?
I get it....the fact that a reduced bond is acceptable somehow covers up the litany of loss your ilk endures...24/7.

Nah.

Like you, I’ve kept my eye on the ball.

There are no actual damages to the skanky bitch who sued Trump and it was never “defamation” for him to deny her ridiculous claims.

Other than that, your guns are flapping in the wind — but the sounds you thereby make don’t amount to meaningful utterances.

 

[merrill]

Wait a minute..the court has rejected Trump's lower surety bond in his fraud case...one wonders why?

MSN

A review of the New York County Supreme Court docket on Wednesday shows that paperwork for former President Donald Trump‘s newly-secured bond of $175 million was temporarily rejected and “returned for correction.”

MSN

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.
Rubin pointed out that the court has rejected the paperwork of the insurance company that posted the bond for Trump. Insurance companies routinely provide court bonds for a fee.
"The financial statement that 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," Rubin wrote on Wednesday.
"Meanwhile, we still don't know what fee Trump paid for the bond or exactly what collateral he pledged," Rubin added.
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. Is there something else shady in how Trump's bond is being handled?" Snell wrote on X on Wednesday.

Trump plays obstruction of justice 24/7. Go directly to jail!!!!