Trump posts $175 million bond in civil fraud case; clears path for appeal and asset protection
8 months, 3 weeks ago

Trump posts $175 million bond in civil fraud case; clears path for appeal and asset protection

Hindustan Times  

Embattled former US president Donald Trump posted a $175 million bond in his New York civil fraud case Monday, a court document showed, avoiding payment of a $454 million penalty while his case winds through the appeals process. FILE PHOTO: Republican presidential candidate and former U.S. President Donald Trump attends the 2024 Senior Club Championship award ceremony at his Trump International Golf Club in West Palm Beach, Florida, U.S. March 24, 2024. REUTERS/Marco Bello/File Photo/File Photo Last week, a New York appeals court cut the $454 million bond payment he was originally required to pay, reducing the sum to $175 million and giving him 10 days to pay this smaller amount. Trump's $175M bond allows appeal process The nearly half billion penalty he originally owed had raised the possibility that New York authorities would move to seize Trump assets if he could not pay, but the reduction -- and his finding a company to put up the bond, as announced Monday -- has given him breathing room.

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History of this topic

"Zero impact": Expert shoots down Trump demand that $485M penalty disappear because he won election
1 week, 4 days ago

"Zero impact": Expert shoots down Trump demand that $485M penalty disappear because he won election

Salon  

Since last month, President-elect Donald Trump has carried his electoral victory into his legal battles, wiping out pending federal prosecutions and pausing sentencing. In a letter publicly released Tuesday, the New York attorney general's office told Trump's lawyer that the Constitution doesn't mandate she ask a court to dismiss the $485 million judgment of Trump's civil fraud case in the …

Trump’s ‘nauseating’ last-ditch attempt to toss his fraud case mentions Washington and Lincoln
3 weeks, 5 days ago

Trump’s ‘nauseating’ last-ditch attempt to toss his fraud case mentions Washington and Lincoln

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Trump has appealed that judgment, but his attorney D. John Sauer — the man …

Trump seeks to have $464 million civil fraud ruling quashed for the 'good of the country'
3 weeks, 5 days ago

Trump seeks to have $464 million civil fraud ruling quashed for the 'good of the country'

Firstpost  

Trump’s lawyers filed a letter Tuesday with New York attorney general Letitia James, who brought the proceeding against the president-elect for manipulating his assets when applying for loans and insurances Donald Trump has sought to have a civil judgment against him for fraud and a $464 million penalty set aside “for the greater good of the country” as he prepares …

Appeals court ‘skeptical’ of Trump’s civil fraud conviction: Reports
2 months, 3 weeks ago

Appeals court ‘skeptical’ of Trump’s civil fraud conviction: Reports

Raw Story  

A New York appeals court five-judge panel appeared “skeptical” of the civil fraud verdict in the case charging Donald Trump, his company, some family members, and his Chief Financial Officer falsely overvalued and undervalued assets to obtain favorable loan rates and to pay less taxes. The judges “seemed somewhat skeptical that the civil fraud verdict should hold,” HuffPost reports, “with …

Trump news: Will the Supreme Court immunity decision change the hush money conviction?
54 years, 11 months ago

Trump news: Will the Supreme Court immunity decision change the hush money conviction?

Slate  

Donald Trump has been convicted of 34 felony counts in the New York hush money case—but there’s a lengthy appeals process ahead. Ever since the Supreme Court ruled earlier this month that presidents are immune from prosecution for “official acts,” Trump’s legal team has been trying to get his felony conviction in the New York hush money trial thrown out. …

'Tons of CASH!' Trump spews angry Truth Social tirade amid NYC fraud woes
6 months, 2 weeks ago

'Tons of CASH!' Trump spews angry Truth Social tirade amid NYC fraud woes

Raw Story  

Former President Donald Trump took to his Truth Social account on Wednesday to rage against the civil fraud judgment made against him earlier this year, which put him on the hook for over $450 million in damages and limited his ability to operate in New York. His complaint arrived days after Trump was convicted in a New York City courtroom …

Trump makes extra concessions on $175M bond in $450M civil fraud case: analysis
8 months ago

Trump makes extra concessions on $175M bond in $450M civil fraud case: analysis

Raw Story  

Former President Donald Trump accepted five new conditions demanded by New York Attorney General Letitia James in order to get his controversial $175 million bond accepted in his civil fraud case, according to a new analysis. "The new conditions were needed, prosecutors argued, because they didn’t trust the financial health of the insurance company, Knight Specialty Insurance, who posted the …

Trump reaches deal with New York AG Letitia James over multi-million dollar civil fraud bond
8 months ago

Trump reaches deal with New York AG Letitia James over multi-million dollar civil fraud bond

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy After weeks of back-and-forth between Donald Trump’s legal team and …

Trump’s $175 million bond in New York civil fraud judgment case is settled with cash promise
8 months ago

Trump’s $175 million bond in New York civil fraud judgment case is settled with cash promise

Associated Press  

NEW YORK — New York state lawyers and an attorney for former President Donald Trump settled their differences Monday over a $175 million bond that Trump posted to block a large civil fraud judgment while he pursues appeals. The bond stops the state from potentially seizing Trump’s assets to satisfy the more than $454 million that he owes after losing …

Trump gets a win in hearing over fraud trial bond
8 months ago

Trump gets a win in hearing over fraud trial bond

Raw Story  

Donald Trump's attorneys reached an agreement with Attorney General Letitia James' office in court Monday — leading to Judge Arthur Engoron agreeing to accept the $175 million bond in his civil fraud case. At issue was James' concern that the bond offered by Knight Specialty Insurance Company had a Charles Schwab account owned by Trump as collateral — while Trump …

Judge Engoron 'dubious' of Trump's $175M bond agreement at revocation hearing
8 months ago

Judge Engoron 'dubious' of Trump's $175M bond agreement at revocation hearing

Raw Story  

New York Supreme Court Justice Arthur Engoron reportedly appeared "dubious" Monday about a scheme to raise a $175 million bond so that Donald Trump could appeal a fraud ruling against him. Engoron ordered the hearing after New York Attorney General Letitia James asked to revoke the bond because she had doubts that insurance company Knight Specialty Insurance could legitimately put …

Trump’s $175-million bond in New York civil fraud judgment case is settled with cash promise
8 months ago

Trump’s $175-million bond in New York civil fraud judgment case is settled with cash promise

LA Times  

Former President Trump returns to the courtroom after a recess at Manhattan criminal court on Monday in New York. New York state lawyers and an attorney for former President Trump settled their differences Monday over a $175-million bond that Trump posted to block a large civil fraud judgment while he pursues appeals. The bond stops the state from potentially seizing …

Trump’s $175m bond in fraud case should be voided, says New York attorney general
8 months ago

Trump’s $175m bond in fraud case should be voided, says New York attorney general

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy New York Attorney General …

'Absurd': Expert predicts Trump's last-minute fraud bond will be rejected
8 months, 1 week ago

'Absurd': Expert predicts Trump's last-minute fraud bond will be rejected

Raw Story  

Donald Trump's last-minute filing Monday night states that the bond he's offered up in his civil fraud case now has "substantial financial credibility" — but experts aren't so sure. Trump's $175 million bond, which would allow him to put seizures of his property on hold while he appeals the verdict that hit him with $454.2 million in damages earlier this …

Trump's new $175M bond to be challenged in upcoming hearing: court records
8 months, 1 week ago

Trump's new $175M bond to be challenged in upcoming hearing: court records

Raw Story  

New York Attorney General Letitia James has been granted a hearing by state judge Arthur Engoron to challenge the $175 million bond former President Donald Trump posted in his civil fraud case. In a new, brief order signed by Engoron, James was directed to present her case to the court on April 22 that the bond, posted by Knight Specialty …

Here's exactly how Donald Trump landed $175 million insurance bond amid mounting legal tussle
8 months, 1 week ago

Here's exactly how Donald Trump landed $175 million insurance bond amid mounting legal tussle

Hindustan Times  

After weeks of legal maneuvering and cryptic court filings, the details of former US President Donald Trump's deal with Knight Specialty Insurance Company have finally come to light. “The $175 million bond is collateralized by $175,304,075.95 in cash held in a Charles Schwab account pledged to KSIC, and KSIC has the right to exercise control over that account,” stated a …

'Bond without effect': Trump warned Letitia James poised to grab assets as deadline nears
8 months, 2 weeks ago

'Bond without effect': Trump warned Letitia James poised to grab assets as deadline nears

Raw Story  

Former President Donald Trump and his legal team are reportedly running out of time to post the bond for appealing his civil fraud trial verdict before New York Attorney General Letitia James starts seizing his assets, according to a prominent real estate attorney. While New York state law requires that appealing a judgment requires a litigant to post bond equal …

'This is not common': Experts floored by details of Trump's $175 million bond deal
8 months, 2 weeks ago

'This is not common': Experts floored by details of Trump's $175 million bond deal

Raw Story  

The insurance company that helped former President Donald Trump pay a $175 million bond is coming under more scrutiny as financial experts get a better look at the contract it wrote. The Daily Beast reports that the Knight Specialty Insurance Company's bond contract "doesn’t actually promise it will pay the money if the former president loses his $464 million bank …

Billionaire who floated Trump's $175 million fraud bond says he 'didn't charge enough'
8 months, 2 weeks ago

Billionaire who floated Trump's $175 million fraud bond says he 'didn't charge enough'

Raw Story  

The billionaire white knight who swooped in to cover the $175 million surety civil fraud bond to assist Donald Trump is feeling a little buyer's remorse for assessing such bargain basement fees. On April 1, former President Donald Trump via billionaire Don Hankey, who owns the Knight Speciality Insurance Company, reportedly met the obligation to secure the $175 million bond …

Judge schedules a hearing to find out if Trump's bond sponsor is properly backed
8 months, 2 weeks ago

Judge schedules a hearing to find out if Trump's bond sponsor is properly backed

Raw Story  

Judge Arthur Engoron responded to a brief filed by New York Attorney General Letitia James asking for financial information that can confirm the company that insured Donald Trump's bond was solvent. The filing said she, “Hereby takes exception to the sufficiency of the surety,” noting the Knight Specialty Insurance Company is trying to operate “without a certificate of qualification.” In …

NY state is demanding more information on Trump’s $175 million appeal bond in civil fraud case
8 months, 2 weeks ago

NY state is demanding more information on Trump’s $175 million appeal bond in civil fraud case

Associated Press  

NEW YORK — Days after former President Donald Trump posted a $175 million bond to block New York state from imminently collecting on a huge civil fraud judgment, state lawyers Thursday called for more information on the bond’s bona fides. State Attorney General Letitia James’ office filed papers giving Trump’s lawyers or the bond underwriter 10 days to “justify” the …

Letitia James demands proof that company that posted Trump's bond is 'financially sound'
8 months, 2 weeks ago

Letitia James demands proof that company that posted Trump's bond is 'financially sound'

Raw Story  

New York Attorney General Letitia James submitted a filing on Thursday asking for proof that the company covering Donald Trump's $175 million bond in his fraud case is actually "financially sound." James told the New York City civil court — where Trump was found liable for damages upwards of $464 million — that she had serious concerns about Knight Speciality …

New York man charged with sending threats to state attorney general and judge in Trump civil suit
8 months, 2 weeks ago

New York man charged with sending threats to state attorney general and judge in Trump civil suit

Associated Press  

NEW YORK — A New York man has been charged with sending death threats to the state attorney general and the Manhattan judge who presided over former President Donald Trump’s civil fraud case. Tyler Vogel, 26, of Lancaster, sent text messages late last month threatening New York Attorney General Letitia James and Judge Arthur Engoron with “death and physical harm” …

'Rejected': Trump bond filing 'returned for correction' over botched lawyering
8 months, 3 weeks ago

'Rejected': Trump bond filing 'returned for correction' over botched lawyering

Raw Story  

Documents related to Donald Trump's $175 million bond were "returned for correction" after his lawyers reportedly forgot to attach a financial statement. The New York County Supreme Court's electronic filing system showed Wednesday that Trump's "bond/undertaking" had been "returned for correction." "The court has returned the documents listed below for the following reasons: Please include a current financial statement and …

Donald Trump posts $175 million bond in civil fraud case
8 months, 3 weeks ago

Donald Trump posts $175 million bond in civil fraud case

Deccan Chronicle  

Embattled former US president Donald Trump posted a $175 million bond in his New York civil fraud case Monday, a court document showed, avoiding asset seizures while his case winds through the appeals process.Last week, a New York appeals court cut a $454 million bond payment he was originally required to make, reducing the sum to $175 million and giving …

'Thoughts and prayers' extended to creditor behind Trump's $175M civil fraud bond
8 months, 3 weeks ago

'Thoughts and prayers' extended to creditor behind Trump's $175M civil fraud bond

Raw Story  

Former President Donald Trump paid his $175 million bond in the New York civil fraud case on Monday — preventing him from having sell off assets at least until his appeal works its way through the system. "The company that underwrote Trump's bond tonight in the NY Attorney General's civil fraud case, Knight Specialty Insurance Co., is owned by Don …

Donald Trump posts $175 million bond in civil fraud case, averts asset seizures
8 months, 3 weeks ago

Donald Trump posts $175 million bond in civil fraud case, averts asset seizures

The Hindu  

Donald Trump posted a $175 million bond in his New York civil fraud case on Monday, averting asset seizures by state authorities that could have hobbled the former U.S. president’s business empire. Mr. Trump originally needed to post a bond for $454 million, but an appeals court on March 25 stayed enforcement of Justice Arthur Engoron's judgment on condition that …

Donald Trump posts $175m bond in civil fraud case
8 months, 3 weeks ago

Donald Trump posts $175m bond in civil fraud case

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump posted a $175m bond on Monday in his …

Trump Posts Bond to Freeze $454 Million Fraud Fine During Appeal
8 months, 3 weeks ago

Trump Posts Bond to Freeze $454 Million Fraud Fine During Appeal

Live Mint  

-- Donald Trump followed through on his vow to pay a $175 million bond that will put a massive civil fraud verdict on hold while he appeals, assuring New York state won’t start seizing the former president’s assets, at least for now. The former president had said a full bond was “unattainable” because 30 insurance companies that arrange such bonds …

Trump posts $175 million bond in New York civil fraud case: report
8 months, 3 weeks ago

Trump posts $175 million bond in New York civil fraud case: report

Raw Story  

Former President Donald Trump has posted $175 million bond in his New York civil fraud case, reports show. But with hours to spare before New York Attorney General Letitia James would have been empowered to start seizing Trump's real estate holdings, an appeals court gave him 10 more days and reduced the bond to $175 million. "Trump's lawyers had argued …

Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty
8 months, 3 weeks ago

Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty

Associated Press  

NEW YORK — Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. Until the appeals court intervened to lower the required bond, New …

Trump posts $175m bond in fraud case to avoid asset seizures
8 months, 3 weeks ago

Trump posts $175m bond in fraud case to avoid asset seizures

Al Jazeera  

Former United States president was in February found liable for misrepresenting his net worth by as much as $2bn. Former United States President Donal Trump has posted a $175m bond in his civil fraud case in New York, avoiding asset seizures which could have dealt a serious blow to his finances and reelection hopes. An appeals court last week ordered …

Donald Trump posts $175 million bond to avert asset seizure before US Presidential elections
8 months, 3 weeks ago

Donald Trump posts $175 million bond to avert asset seizure before US Presidential elections

India TV News  

New York: Former US President Donald Trump has posted a USD175 million bond in his New York civil fraud case, halting collection of the more than USD454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. Until the appeals court intervened to lower the required bond, …

When will Trump pay USD 175 million appeals bond? Here's what's next in his civil fraud case
8 months, 3 weeks ago

When will Trump pay USD 175 million appeals bond? Here's what's next in his civil fraud case

Deccan Chronicle  

New York, Mar 27 Former US President Donald Trump got a break this week when an appeals court cut down the amount of money he needs to put up to pause collection while he appeals a USD 454 million-plus judgment in his New York civil fraud case. Before Monday's ruling, Trump insurance broker and friend Gary Giulietti told the appeals …

When will Trump pay his $175 million appeals bond? Here’s what’s next in his civil fraud case
8 months, 3 weeks ago

When will Trump pay his $175 million appeals bond? Here’s what’s next in his civil fraud case

Associated Press  

NEW YORK — Former President Donald Trump got a break this week when an appeals court cut down the amount of money he needs to put up to pause collection while he appeals a $454 million-plus judgment in his New York civil fraud case. The Trump Organization’s top lawyer, Alan Garten, said in a sworn statement that posting the full …

Major Republican donors plan to help Donald Trump cover $454-million bond amount in civil fraud case: Sources
8 months, 4 weeks ago

Major Republican donors plan to help Donald Trump cover $454-million bond amount in civil fraud case: Sources

Live Mint  

Some major Republican donors were working together to help U.S. presidential candidate Donald Trump fund the original bond amount needed to cover his $454 million civil fraud judgment ahead of Monday's deadline, three sources briefed on the matter told Reuters. Billionaire hedge fund founder John Paulson was involved in the behind-the-scenes effort by donors concerned about Trump's legal woes and …

Trump handed lifeline as appeals court slashes fraud trial bond and grants 10-day reprieve
8 months, 4 weeks ago

Trump handed lifeline as appeals court slashes fraud trial bond and grants 10-day reprieve

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A New York appeals court has granted Donald Trump a …

Donald Trump rejoices NY fraud verdict but blasts hush money case as ‘election interference’
8 months, 4 weeks ago

Donald Trump rejoices NY fraud verdict but blasts hush money case as ‘election interference’

Hindustan Times  

March 25th was a crucial day for former president Donald Trump as he faced a deadline to cover a $454 million civil fraud judgment and was scheduled to appear for hearing at New York Criminal Court to seek that the judge delay or dismiss the hush money trial. Trump denounces hush money trail as ‘pure case of voter intimidation’ Following …

Appeals court slashes bond amount in legal win for Trump
8 months, 4 weeks ago

Appeals court slashes bond amount in legal win for Trump

Raw Story  

A New York appeals court slashed the amount of the bond Donald Trump must post to cover a $454 million civil fraud judgment Monday. Trump had faced a deadline Monday to put up a bond amounting to 120 percent of the judgment plus interest, which would have been nearly $545 million. New York Attorney General Letitia James was preparing to …

'There aren't any' options: Without cash expert warns Trump he can't stop Letitia James
8 months, 4 weeks ago

'There aren't any' options: Without cash expert warns Trump he can't stop Letitia James

Raw Story  

Donald Trump has apparently been unable to secure a bond to hold off enforcement of his $454 million fraud judgment, and a legal expert said Monday his options look bleak. The former president has filed notice that he would appeal the court order, but New York law requires defendants to put up 110 percent of the penalty to delay enforcement …

Donald Trump faces big legal day in hush-money trial and a deadline to post $454mn bond
8 months, 4 weeks ago

Donald Trump faces big legal day in hush-money trial and a deadline to post $454mn bond

Hindustan Times  

Donald Trump will ask a judge on Monday to delay or dismiss his trial on charges stemming from hush money paid to a porn star, citing thousands of pages of potential evidence about witness Michael Cohen that prosecutors turned over only weeks ago. Donald Trump faces a deadline on Monday to cover a $454 million civil fraud judgment for manipulating …

Donald Trump lashes out as clock runs down on his $464m bond payment
8 months, 4 weeks ago

Donald Trump lashes out as clock runs down on his $464m bond payment

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, Mr Trump has claimed on his social media platform, Truth Social, that he …

Trump fumes as $454m bond deadline looms, claims he has fine amount ‘in his bank account’
8 months, 4 weeks ago

Trump fumes as $454m bond deadline looms, claims he has fine amount ‘in his bank account’

Hindustan Times  

As Donald Trump's $454 million New York civil fraud judgment deadline approaches on Monday, March 25, the former US President launched a blistering attack on those who could seize his properties. Taking to Truth Social on Monday, Trump claimed that he had "done nothing wrong", adding that Judge Arthur Engoron and New York Attorney General Letitia James should not be …

Court agrees to pause collection of Trump’s massive civil fraud judgment if he puts up $175M
8 months, 4 weeks ago

Court agrees to pause collection of Trump’s massive civil fraud judgment if he puts up $175M

Associated Press  

NEW YORK — A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s more than $454 million civil fraud judgment if he puts up $175 million within 10 days. “What he’s done is such a disservice and should never be allowed to happen again,” said Trump, who argues that the fraud case is …

Court says Trump can put up $175 million to pause collection of massive fraud judgment
8 months, 4 weeks ago

Court says Trump can put up $175 million to pause collection of massive fraud judgment

LA Times  

Former President Trump holds up a copy of a story featuring New York Atty. A New York appeals court on Monday agreed to hold off collection of former President Trump’s more than $454-million civil fraud judgment if he puts up $175 million within 10 days. The appeals court also halted other aspects of a trial judge’s ruling that had barred …

New York court lowers $454m bond as Trump appeals civil fraud case
8 months, 4 weeks ago

New York court lowers $454m bond as Trump appeals civil fraud case

Al Jazeera  

Ruling gives former President Donald Trump, who had faced possible seizure of his assets, 10 days to post $175m bond. An appeals court in the United States has agreed to pause the collection of Donald Trump’s $454m civil fraud judgement, delivering a victory to the former US president and preventing authorities in New York from beginning to seize his assets. …

Eric Trump brutally mocked as he says banks laughed at him over attempts to secure dad's $454mn bond
9 months ago

Eric Trump brutally mocked as he says banks laughed at him over attempts to secure dad's $454mn bond

Hindustan Times  

Ahead of former president Donald Trump's Monday deadline to secure a $454 million bond in his New York fraud case, his son Eric Trump said that their appeal was ignored by every lender, claiming that they have basically laughed at his face. Eric Trump said top insurance executives laughed when he approached for $454 million in bond money for his …

Eric Trump says he was laughed at while attempting to secure his dad's $454 million bond
9 months ago

Eric Trump says he was laughed at while attempting to secure his dad's $454 million bond

Salon  

On Monday, Donald Trump will be called upon to make good on the $454 million judgment in his New York fraud case or post bond in order to appeal the ruling. In an interview with Fox News host Maria Bartiromo on Sunday, Eric Trump re-circulated the story initiated by Trump's team that they've been turned down by every lender they've …

'Little chance' Trump will be saved by appeals court from asset seizure by Monday: report
9 months ago

'Little chance' Trump will be saved by appeals court from asset seizure by Monday: report

Raw Story  

Any hope that Donald Trump has that a judge in the New York State Appellate Division will give him more time to come up with the nearly half-billion dollar— or a reduced amount — he needs for his appeals bond related to financial fraud due on Monday should be put to rest. According to a report from the Washington Post, …

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