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Donald Trump posts $175m bond in civil fraud case
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Rudy Canoza
2024-04-02 21:26:59 UTC
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Donald Trump posted a $175m bond on Monday in his New York civil fraud
case, temporarily stopping enforcement of the full $464m in penalties
facing the former president after he lost in a high-profile ruling earlier
this year.

The bond payment, reported by The Associated Press, came as New York
officials were preparing to potentially seize Mr Trump’s assets or
properties to fulfil the judgment, which found that the former president,
his adult sons, and Trump Organization executives were liable in a decade-
long scheme to fraudulently inflate the value of his net worth and assets.

Mr Trump, whose attorneys previously claimed they faced the “practical
impossibility” of securing financing for a bond in time to meet state
deadlines, obtained Monday’s payment through Knight Specialty Insurance
Company, ABC News reports.

“As promised, President Trump has posted bond,” the former president’s
attorney Alina Habba told the network in a statement. “He looks forward to
vindicating his rights on appeal and overturning this unjust verdict.”

Last month, an appeals court gave Mr Trump a 10-day extension to pay off
the bond, which will remain in the hands of New York officials pending Mr
Trump’s appeal of the underlying fraud decision.

If the appeal is unsuccessful, the defendants in the case face a $364m
penalty and $100m in interest and could end up paying even more, with the
former president alone facing additional post-judgment interest of more
than $110,000 a day.

Mr Trump has argued the investigation, launched nearly two years ago by
New York attorney general Letitia James, is politically motivated,
referring to it last month as a “Biden-run” attempt at “election
interference.”

The former president could be facing a major financial crisis due to the
numerous ongoing criminal and civil cases against him.

Mr Trump, who has repeatedly claimed he’s a multi-billionaire, said last
month he has around $500m “in cash” on hand.

In addition to the civil fraud judgment bond, Mr Trump also secured a
$91.6m bond in March while he appeals his loss in the defamation lawsuit
between him and writer E Jean Carroll.

Beyond these judgments, Mr Trump is also spending millions on legal fees
fighting multiple civil and criminal cases in federal and state courts.

One of Mr Trump’s key political action committees reported spending
$230,000 a day on legal fees in February, with legal expenses outpacing
donations at times.

https://www.independent.co.uk/news/world/americas/us-politics/trump-bond-
fraud-trial-knight-insurance-b2521814.html
Trump's Bitch
2024-04-02 22:48:30 UTC
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On Tue, 2 Apr 2024 21:26:59 -0000 (UTC), Rudy Canoza
Post by Rudy Canoza
Donald Trump posted a $175m bond on Monday in his New York civil fraud
case, temporarily stopping enforcement of the full $464m in penalties
facing the former president after he lost in a high-profile ruling earlier
this year.
Ohh! He put up 3% of the bond to the bond company and will pay $3M per
month for the fees. This is no big deal for a multi-billionaire like him.

If you are a betting man then bet on Trump to win the appeal to the
appeals court dismissing the law as unconstitutional vague or the amount
is excessive and uncalled for by a court of law.

This law will make someone saying their house is worth $250k, but an
appraiser says it is worth $225k a fraudster.

Kevin O'Leary has already blasted this law suit and moved his business out
of NY State. How many more billionaires & corporations will follow him?
--
As long as we have faith in each other,
and trust in God, then there is no goal,
at all, beyond our reach. There is no
dream too large, no task too great.
Baxter
2024-04-03 03:19:54 UTC
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Post by Trump's Bitch
On Tue, 2 Apr 2024 21:26:59 -0000 (UTC), Rudy Canoza
Post by Rudy Canoza
Donald Trump posted a $175m bond on Monday in his New York civil fraud
case, temporarily stopping enforcement of the full $464m in penalties
facing the former president after he lost in a high-profile ruling
earlier this year.
Ohh! He put up 3% of the bond to the bond company and will pay $3M per
month for the fees. This is no big deal for a multi-billionaire like him.
Actually more like a bribe. If tRump was actually a billionaire, he would
post his own bond.

Donald Trump's latest financial savior is billionaire Don Hankey, the owner
of the insurance company that just put up the $175 million bond in Trump’s
New York civil fraud case.
Scout
2024-04-03 10:52:39 UTC
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Post by Baxter
Post by Trump's Bitch
On Tue, 2 Apr 2024 21:26:59 -0000 (UTC), Rudy Canoza
Post by Rudy Canoza
Donald Trump posted a $175m bond on Monday in his New York civil fraud
case, temporarily stopping enforcement of the full $464m in penalties
facing the former president after he lost in a high-profile ruling
earlier this year.
Ohh! He put up 3% of the bond to the bond company and will pay $3M per
month for the fees. This is no big deal for a multi-billionaire like him.
Actually more like a bribe. If tRump was actually a billionaire, he would
post his own bond.
Why?
Post by Baxter
Donald Trump's latest financial savior is billionaire Don Hankey, the owner
of the insurance company that just put up the $175 million bond in Trump's
New York civil fraud case.
P. Coonan
2024-04-03 17:50:31 UTC
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Post by Baxter
Post by Trump's Bitch
On Tue, 2 Apr 2024 21:26:59 -0000 (UTC), Rudy Canoza
Post by Rudy Canoza
Donald Trump posted a $175m bond on Monday in his New York civil
fraud case, temporarily stopping enforcement of the full $464m in
penalties facing the former president after he lost in a
high-profile ruling earlier this year.
Ohh! He put up 3% of the bond to the bond company and will pay $3M per
month for the fees. This is no big deal for a multi-billionaire like him.
Actually more like a bribe. If tRump was actually a billionaire, he
would post his own bond.
Why?
Only poor disadvantaged people of colour post their own bond according to
progressives.
Post by Baxter
Donald Trump's latest financial savior is billionaire Don Hankey, the owner
of the insurance company that just put up the $175 million bond in
Trump's New York civil fraud case.
Sam
2024-04-03 18:06:04 UTC
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On Wed, 3 Apr 2024 17:50:31 -0000 (UTC), "P. Coonan"
Post by P. Coonan
Only poor disadvantaged people of colour post their own bond according to
progressives.
No. They get sucker liberals to post their criminal bond, so they can go
out to rob & kill more Whitey's.
Paul Szypula
2024-04-03 18:39:51 UTC
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Post by Sam
On Wed, 3 Apr 2024 17:50:31 -0000 (UTC), "P. Coonan"
Post by P. Coonan
Only poor disadvantaged people of colour post their own bond according to
progressives.
No. They get sucker liberals to post their criminal bond, so they can go
out to rob & kill more Whitey's.
The blacks will be assfucking and beating trump up in prison if his court
cases don't go his way.
Baxter
2024-04-03 20:14:29 UTC
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Post by P. Coonan
Post by Baxter
Post by Trump's Bitch
On Tue, 2 Apr 2024 21:26:59 -0000 (UTC), Rudy Canoza
Post by Rudy Canoza
Donald Trump posted a $175m bond on Monday in his New York civil
fraud case, temporarily stopping enforcement of the full $464m in
penalties facing the former president after he lost in a
high-profile ruling earlier this year.
Ohh! He put up 3% of the bond to the bond company and will pay $3M per
month for the fees. This is no big deal for a multi-billionaire like him.
Actually more like a bribe. If tRump was actually a billionaire, he
would post his own bond.
Why?
Only poor disadvantaged people of colour post their own bond according
to progressives.
Are you saying the rich don't actually have any cash/liquid assets?
alkanamana
2024-04-05 22:24:35 UTC
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On Wed, 3 Apr 2024 20:14:29 -0000 (UTC)
Post by Baxter
the rich don't actually have any cash/liquid assets?
Massive debt spending baffles you?
alkanamana
2024-04-05 22:29:13 UTC
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On Wed, 3 Apr 2024 03:19:54 -0000 (UTC)
Post by Baxter
If tRump was actually a billionaire, he would
post his own bond.
He did.

https://www.cbsnews.com/news/trump-posts-175-million-bond-in-new-york-fraud-case/

Former President Donald Trump and co-defendants in his New York civil fraud case have posted a bond of $175 million, according to a court filing Monday by an insurance company.
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