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

[Missouri_Mike]

Is this exactly what the evidence against Trump says he did?
No.
The EVIDENCE against him shows that he didn't just make an "honest mistake" with a few figures on one, isolated bank loan.
The overwhelming evidence against him instead shows decades of intentional fraudulent and illegal business practices.
FYI, your constant shifting shell game if trying to pull out new excuses and justifications for this guy no matter what any accusation or evidence against him shows you, might indicate you have been brainwashed by a cult.

You can get help with that you know?

It’s not a cult you ignorant fuck. That’s how the entire fucking real estate system works.

Under this prosecution every land owner in the nation can be prosecuted the exact same way.

 

[para bellum]

So the size of the bond effectively denies Trump his Constitutional right to appeal.

The $18 Million premium is no problem for Trump, but if the issuers are not allowed to underwrite a bond of that size to a privately held company, and they can't take real estate as collateral, the bond is impossible to get.

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Giulietti, who was hired to help the defendants to obtain a bond, in that statement wrote, “Despite scouring the market, we have been unsuccessful in our effort ... for the simple reason that obtaining an appeal bond for $464 million is a practical impossibility under the circumstances presented.”

Only a handful of bond surety companies are approved by the Treasury Department to underwrite a bond that large, and many of those firms will only issue a single bond to a maximum of $100 million, Giulietti wrote.

He also said that none of those companies will accept non-liquid assets — such as real estate — as collateral.

“Simply put, a bond of this size is rarely, if ever, seen,” Giulietti wrote. “In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses.”

The Trump Organization is privately held.

Giulietti wrote that it would be unattainable for a private company to obtain a bond to secure the $464 million total judgment unless it had around $1 billion in cash or cash equivalents to offer as collateral, while still being able to satisfy its other business obligations.

“While it is my understanding that the Trump Organization is in a strong liquidity position, it does not have $1 billion in cash or cash equivalents,” he wrote.

Trump’s attorneys also noted in the filing that bond issuers often will demand collateral totaling 120% of the judgment, which equates to over $557 million.

Those issuers are also likely to demand a two-year advance on a 2% annual bond premium, which would require the defendants to pay more than $18 million upfront, the lawyers wrote.

 

[Zincwarrior]

So the size of the bond effectively denies Trump his Constitutional right to appeal.

No, large judgements are not unusual for large companies. A $500MM judgement would be considered "Tuesday" for DuPont.

 

[Missouri_Mike]

No, large judgements are not unusual for large companies. A $500MM judgement would be considered "Tuesday" for DuPont.

So what?

 

[0311]

Ironic isn’t it?

Someone found guilty of fraud must go to banks to trust him to pay a down payment

Maybe he can go to Deutsche Bank, I mean they knew he was lying and gave him a shit load of money.

 

[para bellum]

No, large judgements are not unusual for large companies. A $500MM judgement would be considered "Tuesday" for DuPont.

There have been other large judgements in the past of course. But if they are required to be paid as a condition of appeal, that sets a condition on a Constitutional Right and the condition has to be reasonable.

The First Dept will have to either modify the condition or punt it up to the Court of Appeals.

 

[MAGA Macho Man]

Then he’ll immediately show up at the courthouse with the money.

He'll show up when he wants to.

 

[0311]

Elon Musk had to borrow money to buy Twitter. Elon Musk is the wealthiest man on earth.

Which means nothing. P01135809 boasted for years about how fucking rich he is and now we see he cannot his $484M Bond.

 

[shockedcanadian]

Important:

"Only a handful of bond surety companies are approved by the U.S. Treasury Department to do underwrite a bond that large, and many of those will only issue a single bond up to $100 million, Giuletti wrote“ Simply put, a bond of this size is rarely, if ever, seen,” Giulietti wrote. “In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses.”

Just shows you crazy the unethical judgement was! The intent from the beginning was take his property and criminally sell it.
The negress AG and Jewish judge knew the banks he previously borrowed from would be happy to lend him the money for the bond, so they issued a "blanket prohibition on lending transaction"!

This is a violation of his 8th Amendment rights.

The decision to pursue him through multiple channels is going to leave an indelible mark on Americas system, you can't just undo such approaches. I said from the beginning, that all of these attacks turned an arrogant billionaire into a martyr.

It certainly appears to be something Stalin or Mao would have done to destroy someone without firing a shot. Weaponizing the courts and then gaslighting by some people by suggesting "if Trump gets elected he is going to go after his enemies from the other party!"

 

[OhPleaseJustQuit]

And here you all are at once, ignoring the topic of the thread you opened.

.

You might want to read a little harder, richard cranium.

Wasn't me.








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[OhPleaseJustQuit]

No, the negress is not taking Trump apart. He will remain White and supreme in the end as all MAGA will.

.

MAGA

.

 

[Zincwarrior]

So what?

It doesn't deny his Constitutional rights. The Plaintiff has a right to payment, and if he can't support his appeal they have a right to go after his assets as with anyone else. Appeals take years and there is no guarantee the assets will be available by the time of appellate resolution.

 

[MagicMike]

It’s not a cult you ignorant fuck. That’s how the entire fucking real estate system works.

Under this prosecution every land owner in the nation can be prosecuted the exact same way.

Only if they have committed fraud.
Quit trying to normalize Trump's crimes. It makes you look foolish.

 

[MagicMike]

Quite a bit. You're a no count so you'll just whine, but there will be others to be actually dealt with, and deal he will.

It'll be fun to watch.

Ain't you just the cutest with your brainwashed, cultist little faux outrage and vivid fantasies of political retribution for your imaginary boogeymen!
Bless your little heart!

 

[John Edgar Slow Horses]

How much, hmm? How much are you worth?

I know I couldn't put up that much on a moment's notice.

I can. You can't.

 

[Meathead]

Ain't you just the cutest with your brainwashed, cultist little faux outrage and vivid fantasies of political retribution for your imaginary boogeymen!
Bless your little heart!

It'll be fun to watch.

 

[John Edgar Slow Horses]

There was no fraud.
The persecution is THE fraud, and I can't wait until all this bullshit turns around on the Stalinist LEFT.

Clown, he was found liable for fraud. It's over. Either he secures the bond, or it's over.

 

[rightwinger]

It doesn't deny his Constitutional rights. The Plaintiff has a right to payment, and if he can't support his appeal they have a right to go after his assets as with anyone else. Appeals take years and there is no guarantee the assets will be available by the time of appellate resolution.

Keeps Trump from hiding his assets while the verdict is being appealed

 

[Lesh]

Nothing is going to happen to him. The judge and negress AG violated his 8th Amendment rights. The SCOTUS will hand him a victory.

8th Amendment?

How so?

 

[Toro]

Elon Musk had to borrow money to buy Twitter. Elon Musk is the wealthiest man on earth.

No he didn't. He could have sold Tesla stock. Instead, he borrowed against it.