Trump can’t secure $454 million appeal bond in New York fraud case, his lawyers say

[Zincwarrior]

Trump says he can't secure it. In a normal case that would be too bad, and the plaintiff could move on the assets. Lets see what happens here.

POLITICS

Trump can’t secure $454 million appeal bond in New York fraud case, his lawyers say​

https://www.cnbc.com/2024/03/18/trump-cant-secure-454-million-appeal-bond-in-new-york-fraud-case-his-lawyers-say.html

POLITICS

Trump can’t secure $454 million appeal bond in New York fraud case, his lawyers say​

PUBLISHED MON, MAR 18 202410:26 AM EDTUPDATED 2 MIN AGO

Dan Mangan@_DANMANGAN

Kevin Breuninger@KEVINWILLIAMB
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KEY POINTS

• Donald Trump cannot fully secure his $454 million civil business fraud judgment, his attorneys said in a court filing.
• The lawyers for Trump and his co-defendants in the New York fraud case made that argument as they asked a appeals court in the state to pause the judgment from coming due.
• The defense lawyers said they have approached roughly 30 surety companies through four separate brokers.

 

[Harpy Eagle]

Seems he has couple of nice building in NYC that the state can take ownership of till the appeal is done.

 

[rightwinger]

Strange

You would think someone with the vast billions he claims would have no problem getting financing for half a billion

 

[Moonglow]

But he claims to be worth billions

 

[berg80]

Former President Donald Trump has not been able to get a bond to secure the $464 million fraud judgment against him, his lawyers said in a court filing Monday.

Trump and his company need to post a bond for the full amount by next week in order to stop New York Attorney General Letitia James from being able to collect while he appeals. They've asked an appeals court to step in in the meantime and said Monday that they have not had any success getting a bond.

"Defendants’ ongoing diligent efforts have proven that a bond in the judgment’s full amount is 'a practical impossibility,'" the filing said. "These diligent efforts have included approaching about 30 surety companies through 4 separate brokers."
https://www.nbcnews.com/politics/do...d-464-million-judgment-lawyers-say-rcna143860

This would be a great time for E. Jean Carroll to sue his ass for defamation a third time.

 

[Captain Caveman]

Strange

Why's it strange?

 

[rightwinger]

Why's it strange?

We are looking at one of the greatest businessmen in our country and he can’t even get a loan?

Do you think he may be lying to us?

 

[Mr Natural]

Why's it strange?

Because He’s allegedly a billionaire.

 

[0311]

Seems he has couple of nice building in NYC that the state can take ownership of till the appeal is done.

A.G. James has already said she will pursue Forfeiture of Assets. P01135809's tower and Bedminister are up for grabs.

 

[Captain Caveman]

But he claims to be worth billions

On paper. If you have $100 in your pocket and bank account and you inherit a $10m mansion, can you give me a $1m cash loan please until I get my memory back

 

[Captain Caveman]

Because He’s allegedly a billionaire.

See #9

 

[Moonglow]

On paper. If you have $100 in your pocket and bank account and you inherit a $10m mansion, can you give me a $1m cash loan please until I get my memory back

Melania has to be worth something

 

[wamose]

And why does he need the money? To satisfy the radical demands of the Democrat election tampering machine. MAGA

 

[C_Clayton_Jones]

Trump has only himself to blame; the consequence of Trump violating New York anti-fraud law.

 

[Captain Caveman]

We are looking at one of the greatest businessmen in our country and he can’t even get a loan?

Do you think he may be lying to us?

No, see#9.

The other thing is, he's screwed too many financial institutions, so no one won't back him. In one way it's built up a property portfolio, and in another way, it's bit him on the ass.

Do you know what liquidity and cashflow means? But I know what you're doing, it's called poking fun so your comments have to be dumbed down to achieve this. Now, if you're not doing that on purpose, you're dumber than your pet rock.

 

[Mr Natural]

Seems he has couple of nice building in NYC that the state can take ownership of till the appeal is done.

They could squeeze a shitload of migrants into this place.

 

[berg80]

And why does he need the money? To satisfy the radical demands of the Democrat election tampering machine. MAGA

Trump is responsible for the crimes he committed, is he not? Are the various legal authorities suppose to ignore his criminality?

 

[0311]

They could squeeze a shitload of migrants into this place.

View attachment 918918

The tower be renamed E. Jean Carroll Shelter For Rape VIctims.

 

[surada]

Trump says he can't secure it. In a normal case that would be too bad, and the plaintiff could move on the assets. Lets see what happens here.

POLITICS

Trump can’t secure $454 million appeal bond in New York fraud case, his lawyers say​

https://www.cnbc.com/2024/03/18/trump-cant-secure-454-million-appeal-bond-in-new-york-fraud-case-his-lawyers-say.html

I'm not surprised. He's incompetent.

 

[surada]

They could squeeze a shitload of migrants into this place.

View attachment 918918

GMAC is the owner of record. Trump may still own some retail space.