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 New York, state regulators require surety firms to meet certain standards, guaranteeing they are “solvent, responsible and otherwise qualified to make policies or contracts of the kind required.” READ ALSO: No, Donald Trump, fraud is not protected by the First Amendment Since the company is out of California, New York doesn't have that information. "What are the specific identifiable assets that Donald Trump posted to ensure that if they win on appeal, they will get back this $175 million and up to the value of the judgment that Judge Arthur Engoron had ordered, which at this point stands over $454 million if that judgment's upheld?" Knight Speciality Insurance has ten days to respond to the Attorney General's Office, but Engoron has called for the parties to appear in court for a hearing April 22 at 10 a.m. E.S.T.

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History of this topic

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 …

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 …

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 …

'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 …

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 …

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 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 …

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

Trump Seven Springs: The New York attorney general could seize Trump's properties if he doesn't pay a $500 million bond by Monday.
9 months ago

Trump Seven Springs: The New York attorney general could seize Trump's properties if he doesn't pay a $500 million bond by Monday.

Slate  

Donald Trump is in a race against the clock. And if during the appeals process Trump’s balance grows beyond $500 million—New York state law prescribes a 9 percent annual interest rate, adding up to about $87,000 a day—he would need to up his collateral with the bond company or risk the court’s revoking it. Asking to Lower the Bond Probably …

Letitia James takes first steps to seize Donald Trump’s New York assets
9 months ago

Letitia James takes first steps to seize Donald Trump’s New York assets

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 Days after Donald Trump lost a months-long civil trial on …

Trump’s lawyers keep fighting $454M fraud appeal bond requirement
9 months ago

Trump’s lawyers keep fighting $454M fraud appeal bond requirement

Associated Press  

NEW YORK — Former President Donald Trump’s lawyers kept pressing an appellate court Thursday to excuse him from covering a $454 million fraud lawsuit judgment for now, saying he’d suffer “irreparable harm” before his appeal is decided. The financial requirement is “patently unjust, unreasonable and unconstitutional,” one of the presumptive Republican presidential nominee’s lawyers, Clifford Robert, wrote in a letter …

New York state asks court not to let Trump forgo $454-million bond during fraud case appeal
9 months ago

New York state asks court not to let Trump forgo $454-million bond during fraud case appeal

LA Times  

Former President Trump speaks after exiting a courtroom in New York in December. New York state lawyers on Wednesday urged an appellate court not to buy former President Trump’s claims that it’s impossible to post a bond fully covering a $454-million civil fraud judgment while he appeals. The “defendants fail to propose a serious alternative to fully secure the judgment,” …

Donald Trump can't secure $454 million bond in the New York fraud case: Lawyers say it's impossible to come up with the cash
9 months ago

Donald Trump can't secure $454 million bond in the New York fraud case: Lawyers say it's impossible to come up with the cash

Daily Mail  

Donald Trump's lawyers told a New York appellate court Monday that it's impossible for him to post a bond covering the full amount of his $454 million civil fraud judgment while he appeals. The former president's lawyers wrote in a court filing that 'obtaining an appeal bond in the full amount' of the judgment 'is not possible under the circumstances …

Trump’s lawyers say it is impossible for him to post bond covering $454 million civil fraud judgment
9 months ago

Trump’s lawyers say it is impossible for him to post bond covering $454 million civil fraud judgment

Associated Press  

NEW YORK — Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for him to post a bond covering the full amount of a $454 million civil fraud judgment while he appeals, suggesting the former president’s legal losses have put him in a serious cash crunch. Trump’s lawyers wrote in a court filing that “obtaining an …

Trump is unable to post a bond topping $450 million in civil fraud case, lawyers say
9 months, 1 week ago

Trump is unable to post a bond topping $450 million in civil fraud case, lawyers say

LA Times  

Former President Trump acknowledges supporters at a campaign rally in Vandalia, Ohio, on Saturday. Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for him to post a bond covering the full amount of a $454-million civil fraud judgment while he appeals. The former president’s lawyers wrote in a court filing that “obtaining an appeal bond …

Lawyers say ‘not possible’ for Trump to post bond in $454m civil fraud case
9 months, 1 week ago

Lawyers say ‘not possible’ for Trump to post bond in $454m civil fraud case

Al Jazeera  

The former US president is appealing a New York ruling that he inflated his wealth to deceive lenders and insurers. Lawyers for former United States President Donald Trump have told a New York appellate court that it is impossible for him to post a bond covering the full amount of his $454m civil fraud judgement while he challenges the ruling. …

Trump's $91M E. Jean Carroll bond was put up by company linked to fraud trial
9 months, 2 weeks ago

Trump's $91M E. Jean Carroll bond was put up by company linked to fraud trial

Raw Story  

The company underwriting the $91.6 million bond former President Donald Trump paid Friday in his civil defamation case is part of the insurance group whose appraisal of Trump’s triplex in 2010 was foiled because “Mrs. The Federal Insurance Company secured Trump’s bond Friday in the New York defamation case brought by E. Jean Carroll, the writer the former president has …

Trump loses attempt to pause $454m fraud ruling – for now
9 months, 3 weeks ago

Trump loses attempt to pause $454m fraud ruling – for now

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 An appellate court judge in New York has partially rejected …

'Trump has to pay up' on massive fraud penalty — but gets time to take out loan
9 months, 3 weeks ago

'Trump has to pay up' on massive fraud penalty — but gets time to take out loan

Raw Story  

A New York appeals court judge "split the baby" on former President Donald Trump's demand to stay his $465 civil fraud ruling and only hand over a $100 million bond, reports and court records show. The judge granted Trump a partial stay that allows him and his sons, also found liable for fraud, to run the company and obtain loans …

Donald Trump appeals $454 million judgment in New York civil fraud case
9 months, 4 weeks ago

Donald Trump appeals $454 million judgment in New York civil fraud case

The Hindu  

Donald Trump has appealed his $454 million New York civil fraud judegment, challenging a judge’s finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency. The former president’s lawyers filed notices of appeal February 26 asking the State’s mid-level appeals court to overturn Judge Arthur Engoron’s February 16 …

The $355 Million Trump Fraud Fine Is Even Worse Than It Sounds
10 months, 1 week ago

The $355 Million Trump Fraud Fine Is Even Worse Than It Sounds

Slate  

The New York state judge presiding over the civil fraud trial against Donald Trump brought down the hammer with an appropriately harsh $354,868,768 judgment against him for a decade’s worth of lies at the Trump Organization. Ivanka was later dismissed as a defendant, but in September 2023, the court granted partial summary judgment finding that each of the five remaining …

Trump hit by massive damages as fraud trial verdict issued
10 months, 1 week ago

Trump hit by massive damages as fraud trial verdict issued

Raw Story  

New York Judge Arthur Engoron has ordered Donald Trump pay more than $350 million in damages in the civil fraud lawsuit filed by state Attorney General Letitia James, court records show. The former president, his adult sons Eric Trump and Donald Trump Jr., and other top executives at the Trump Organization have been found liable by the judge for filing …

Donald Trump defrauded banks and insurers by grossly inflating assets, judge rules
1 year, 2 months ago

Donald Trump defrauded banks and insurers by grossly inflating assets, judge rules

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} A …

Judge rules Donald Trump defrauded banks and insurers while building real estate empire
1 year, 2 months ago

Judge rules Donald Trump defrauded banks and insurers while building real estate empire

Associated Press  

NEW YORK — A judge ruled Tuesday that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House, and he ordered some of the former president’s companies removed from his control and dissolved. He insisted his company had “done a magnificent job for New York State” and “done business …

Judge rules Donald Trump defrauded banks, insurers while building real estate empire
1 year, 2 months ago

Judge rules Donald Trump defrauded banks, insurers while building real estate empire

LA Times  

Former President Trump, pictured Monday in Summerville, S.C., massively overvalued his wealth to make real estate deals, a judge determined Tuesday ahead of next week’s civil suit by New York Atty. A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House. Judge Arthur Engoron, …

Judge peppers lawyers in prelude to trial of New York’s business fraud lawsuit against Trump
1 year, 3 months ago

Judge peppers lawyers in prelude to trial of New York’s business fraud lawsuit against Trump

Associated Press  

NEW YORK — A New York judge peppered Donald Trump’s lawyers with questions Friday — sometimes admonishing them — as they tried to persuade the court to throw out a civil lawsuit brought by New York’s attorney general accusing the former president and his company of deceiving banks, insurers and others by exaggerating his wealth. A lawyer for New York …

Trump fraud lawsuit goes to judge who held him in contempt
2 years, 2 months ago

Trump fraud lawsuit goes to judge who held him in contempt

Associated Press  

NEW YORK — The New York attorney general’s lawsuit accusing Donald Trump and his company of fraud has been assigned to a state court judge who repeatedly ruled against the former president in related subpoena disputes — including holding him in contempt, fining him $110,000 and forcing him to sit for a deposition. Trump’s lawyers are objecting to Manhattan Judge …

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