Opinion: Successful Stable Genius Billionaire Unable to Secure $454 Million Court Bond
9 months, 2 weeks ago

Opinion: Successful Stable Genius Billionaire Unable to Secure $454 Million Court Bond

Huff Post  

It feels like a schadenfreude moment. Lawyers for former President Donald Trump say he hasn’t the money to post bond on roughly half a billion dollars he now owes under his New York fraud judgment. And, in what would be a huge embarrassment for Trump’s presidential campaign, she could serve a restraining notice that says to Trump, “don’t use any money until you pay us,” as ex-New York assistant attorney general Adam Pollock explained to NPR. He’s flying his private jet around.. That’s spending money in an inappropriate way when he owes $ million to the people of the state of New York.” We might enjoy the schadenfreude of seeing Trump finally exposed as the boastful idiot many have long known him to be, but here’s what I wonder. When a Fox News host asked a Trump attorney Wednesday whether Trump or his team had sought out money from another country to help pay the appeal bond, we didn’t get an immediately emphatic “no,” which would have been the right answer.

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History of this topic

Trump’s $175-million bond in New York civil fraud judgment case is settled with cash promise
8 months, 2 weeks 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 new $175M bond to be challenged in upcoming hearing: court records
8 months, 3 weeks 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 …

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

'They had a duty': Experts erupt over Trump lawyers' potential 'deception' on fraud bond
9 months ago

'They had a duty': Experts erupt over Trump lawyers' potential 'deception' on fraud bond

Raw Story  

Donald Trump's lawyers may have made misrepresentations to the court regarding the former president's bond in his civil fraud case, and legal experts are looking out for what comes next. ProPublica reported on Friday that Trump's attorneys "had told the appellate court it was a 'practical impossibility' to get a bond for the full amount of the lower court’s judgment, …

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

Trump clings onto property empire after posting $175m bond. Now what?
9 months ago

Trump clings onto property empire after posting $175m bond. Now what?

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. This means that New York attorney general Letitia James cannot yet begin seizing the …

Donald Trump posts $175 million bond in civil fraud case
9 months, 1 week 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 …

Trump posts $175 million bond in civil fraud case; clears path for appeal and asset protection
9 months, 1 week 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
9 months, 1 week 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
9 months, 1 week 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
9 months, 1 week 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
9 months, 1 week 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
9 months, 1 week 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 …

Donald Trump posts $175 million in civil fraud case, halting collection of massive judgment
9 months, 1 week ago

Donald Trump posts $175 million in civil fraud case, halting collection of massive judgment

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump posted a $175 …

Donald Trump posts $175 million bond to avert asset seizure before US Presidential elections
9 months, 1 week 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, …

Trump posts $175m bond in fraud case to avoid asset seizures
9 months, 1 week 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 …

When will Trump pay USD 175 million appeals bond? Here's what's next in his civil fraud case
9 months, 1 week 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
9 months, 1 week 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
9 months, 2 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 …

Appeals court slashes bond amount in legal win for Trump
9 months, 2 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 …

Donald Trump lashes out as clock runs down on his $464m bond payment
9 months, 2 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’
9 months, 2 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 …

New York court lowers $454m bond as Trump appeals civil fraud case
9 months, 2 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, 2 weeks 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, 2 weeks 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 …

Trump says he has nearly $500 million in cash but doesn’t want to use it to pay New York judgment
9 months, 2 weeks ago

Trump says he has nearly $500 million in cash but doesn’t want to use it to pay New York judgment

Associated Press  

NEW YORK — Donald Trump claimed on Friday to have almost a half-billion dollars in cash but said he’d rather spend it on his presidential run than on the $454 million civil fraud judgment against him in New York. Trump’s lawyers asked the state’s intermediate appeals court to reverse a prior ruling requiring that he post a bond covering the …

'That's not the actual amount': Trump's lawyers scramble to explain $500M boast
9 months, 2 weeks ago

'That's not the actual amount': Trump's lawyers scramble to explain $500M boast

Raw Story  

Former President Donald Trump's lawyers are scrambling to explain away his $500 million boast, posted to Truth Social Friday morning, after they said in court filings their client couldn't come up with that kind of cash, according to a new report. Trump's attorneys told CNN reporter Kara Scannell Friday morning that Trump's all-caps claim that he currently has almost $500 …

'One of them is lying': Experts warn Trump his $500M claim directly contradicts lawyers
9 months, 2 weeks ago

'One of them is lying': Experts warn Trump his $500M claim directly contradicts lawyers

Raw Story  

In a post to Truth Social this Friday morning, Donald Trump claimed that he has "almost" $500 million in cash — a claim that contradicts his lawyers who said earlier this week that complying with the $464 million judgment against him in New York Attorney General Letitia James' civil fraud case against him would cause "irreparable harm." "Tump now claims …

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, 2 weeks 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 …

Trump has a legal option that could save him—but he doesn't want to take it: report
9 months, 2 weeks ago

Trump has a legal option that could save him—but he doesn't want to take it: report

Raw Story  

Running for the White House while bankrupt isn't a look Donald Trump wants. As the former president tries to beat time with limited options as the March 25 deadline closes in to shell out nearly $500 million after he lost his civil fraud case brought by New York Attorney General Letitia James — he is determined to do anything and …

Anyone who loans Trump bond money will have to 'fight like hell' to get repaid: biographer
9 months, 2 weeks ago

Anyone who loans Trump bond money will have to 'fight like hell' to get repaid: biographer

Raw Story  

Trump has admitted it is all but impossible for him to obtain the $464 million bond necessary while he appeals the civil fraud judgment against him, opening up the possibility that New York Attorney General Letitia James could begin seizing his assets. On MSNBC Wednesday evening, anchor Joy Reid discussed the issue with award-winning Trump biographer David Cay Johnston, playing …

NY AG Says Court Should Reject Trump’s Request To Get Out Of Paying $464 Million Bond
9 months, 2 weeks ago

NY AG Says Court Should Reject Trump’s Request To Get Out Of Paying $464 Million Bond

Huff Post  

LOADING ERROR LOADING The office of New York Attorney General Letitia James urged the New York state Supreme Court on Wednesday to reject former President Donald Trump’s “extraordinary” request to waive or reduce the $464 million bond he owes following his civil fraud conviction. In a filing, James’ office slammed Trump’s assertion that it is “a practical impossibility” for him …

NY state asks court not to let Trump forgo $454M bond during fraud case appeal
9 months, 2 weeks ago

NY state asks court not to let Trump forgo $454M bond during fraud case appeal

Associated Press  

NEW YORK — New York state lawyers urged an appellate court Wednesday not to buy former President Donald 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,” Dennis Fan, a lawyer in the state attorney general’s …

Trump has '464 million reasons' to sell out to a 'scary' foreign patron: legal expert
9 months, 2 weeks ago

Trump has '464 million reasons' to sell out to a 'scary' foreign patron: legal expert

Raw Story  

Donald Trump is moving closer to having his properties seized if he's unable to pay a $464 million fraud judgment or secure the same amount for a bond required to appeal, according to a legal expert. The former president says he approached 30 insurers but found none of them willing to post the bond, and some of his friendly right-wing …

New York state asks court not to let Trump forgo $454-million bond during fraud case appeal
9 months, 2 weeks 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,” …

"From bad to disastrous": What happens if Trump can’t get a $454 million loan?
9 months, 2 weeks ago

"From bad to disastrous": What happens if Trump can’t get a $454 million loan?

Salon  

Lawyers for Donald Trump on March 18, 2024, told a New York court that the former president has been unable to secure a US$454 million bond as he appeals a New York civil fraud ruling against him. The Conversation asked Will Thomas, a business law professor at the University of Michigan, to explain why Trump needs an appeal bond and …

Fox News host mocked for lamenting lack of billionaires offering to help Trump post bond
9 months, 2 weeks ago

Fox News host mocked for lamenting lack of billionaires offering to help Trump post bond

Raw Story  

Donald Trump is appealing the $454 million civil judgement that was leveled against him after he was found liable in New York for financial fraud, but must pay a bond of the same amount while his appeal is still being considered. Now, New York Attorney General Letitia James is threatening to seize Trump's assets if the bond is not posted …

Why Trump’s $464M bond failure could make him a ‘massive national security risk’
9 months, 2 weeks ago

Why Trump’s $464M bond failure could make him a ‘massive national security risk’

Raw Story  

National security, legal, and political experts are lining up to sound the alarm about the potential national security risks swirling around Donald Trump, and those warnings are getting stronger. “'The Committee found that Manafort’s presence on the Campaign and proximity to Trump created opportunities for Russian intelligence services to exert influence over, and acquire confidential information on, the Trump campaign,' …

Is Donald Trump broke? What his net worth has to say
9 months, 3 weeks ago

Is Donald Trump broke? What his net worth has to say

Hindustan Times  

Last night Donald Trump has said he couldn't secure a bond for his civil fraud trial in New York as 30 companies spurned his side. His attorneys have stated, “to obtain the bond, they would need to post collateral worth $557 million”—a task they consider to be a “practical impossibility.” Last week New York Judge Arthur Engoron ordered Trump to …

'Practically impossible': Trump lashes out hours after revelation he can't pay $464M bond
9 months, 3 weeks ago

'Practically impossible': Trump lashes out hours after revelation he can't pay $464M bond

Raw Story  

Donald Trump hit back Monday night after his lawyers revealed he couldn't pay his $464 million fraud trial bond. In a post to Truth Social, he claimed that it wasn't that he couldn't find a company willing to underwrite a bond of that amount of money — it's that no company possibly could. "I built a Magnificent Business, which helped …

Trump's failure to pay $464M fraud debt could open him to perjury charge: Michael Cohen
9 months, 3 weeks ago

Trump's failure to pay $464M fraud debt could open him to perjury charge: Michael Cohen

Raw Story  

JustSecurity reporter Adam Klasfeld reported Monday that four potential brokers said they couldn't find anyone to take Donald Trump up on a bid to offer his real estate empire as collateral for a nearly $500 million bond, citing a deposition from the former president's lawyer Alan Garten. According to Trump's former lawyer, Michael Cohen, the reason is that the deal …

Trump flagged as 'massive security risk' after he's unable to post bond in fraud judgment
9 months, 3 weeks ago

Trump flagged as 'massive security risk' after he's unable to post bond in fraud judgment

Raw Story  

Donald Trump's lawyers notified a New York court that he's not able to find an insurance company willing to underwrite his bond to cover his massive civil fraud judgment, and a Democratic congressman said that opened him up to foreign corruption. The former president's attorneys said in a court filing Monday that Trump has approached 30 underwriters to back the …

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, 3 weeks 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, 3 weeks 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's lawyers say it is impossible for him to post bond covering $454 million civil fraud judgment
9 months, 3 weeks ago

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

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails 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 {{ …

Trump is unable to post a bond topping $450 million in civil fraud case, lawyers say
9 months, 3 weeks 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, 3 weeks 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. …

'He's having a hard time': NYT's Maggie Haberman says Trump is scrambling to pay bonds
10 months ago

'He's having a hard time': NYT's Maggie Haberman says Trump is scrambling to pay bonds

Raw Story  

One bond down, but the next one is about a half a billion dollars and even for a self-proclaimed billionaire that is Trump, it's a tall order. When posed with the question about how former President Donald Trump is doing with being able to post the hundreds of millions of dollars in bonds from losing in two cases, Maggie Haberman …

Donald Trump posts $91 million bond in Jean Carroll defamation case
10 months ago

Donald Trump posts $91 million bond in Jean Carroll defamation case

India Today  

Former US President Donald Trump on Friday posted a $91.6 million bond to cover the defamation verdict in favour of writer E. Jean Carroll, and began his appeal of the case that arose from his branding her a liar after she accused him of raping her decades ago. The bond from Federal Insurance Co, part of the insurer Chubb, would …

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