this post was submitted on 20 Apr 2024
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Letitia James contended the bond company may not have enough resources to pay.

Lawyers for the New York Attorney General asked Judge Arthur Engoron on Friday to reject former President Donald Trump's $175 million bond for his civil judgment and require him to post a new one within seven days.

Letitia James contended that the former president failed to demonstrate that Knight Specialty Insurance Company, the company behind his bond, had the resources to pay the bond if Trump's appeal failed.

In February, Engoron determined that Trump and his co-defendants engaged in a decade-long scheme to inflate the former president's net worth to get better business deals and interest rates on loans.

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[–] [email protected] 44 points 7 months ago (1 children)

Seven more days, are you fucking kidding me? Doesn't meet the deadline, 10 more days and a lower requirement. Obviously fraudulent bond, 7 more days.

If any of us had lost a lawsuit from any state, our accounts would be drained and assets seized after failing the first deadline.

[–] [email protected] 21 points 7 months ago

It's a big club, and you ain't in it.

[–] [email protected] 22 points 7 months ago (1 children)

Then lock him up instead of holding press conferences about it

[–] [email protected] 11 points 7 months ago (1 children)

It's a civil trial. This trial is the state of New York suing Trump. The only way he could end up in prison for this is if the United States brought back debtor prisons.

If they do not allow the bond, the attorney general could start taking Trump's property away.

[–] [email protected] 6 points 7 months ago

if the United States brought back debtor prisons.

Are we not making it illegal to be homeless?

[–] [email protected] 37 points 7 months ago

Do it. And fine him for contempt and criminal misdirection.

[–] [email protected] 21 points 7 months ago (1 children)

Don Hankey, the chairman of Knight Insurance Group, declined to comment on the matter.

Also known as pleading the 5th

[–] [email protected] 18 points 7 months ago (3 children)

I mean let's not conflate not testifying with being guilty, that's the whole point of the fifth.

[–] [email protected] 3 points 7 months ago

Well, not relevant because that guy isn't on trial, but in civil trials you CAN make an adverse inference from someone pleading the 5th.

[–] [email protected] 3 points 7 months ago

Actually, let's go ahead and conflate it, since we aren't representatives of the government and this guy is obviously shady.

[–] [email protected] 15 points 7 months ago

Very true, what's Trump's position on taking the fifth? Iirc its both "guilty people plead the fifth" and "on advice of counsel I plead the fifth".

[–] [email protected] 37 points 7 months ago (3 children)

4/22 will be a very bad day for the trumpster. They will reject that bond and he is screwed. Plus the criminal trial starts fully that he must attend.

[–] [email protected] 13 points 7 months ago (1 children)

How many times will they just keep letting him slide? I'll actually be way more surprised if he suffers any real repercussions.

[–] [email protected] 6 points 7 months ago

All of the times. Every single one of the times.

I swear, I need to stop reading any article about how he’s going to get his comeuppance because they’ve all been treating him with kid gloves. At least the juror pool in the fraud trial got to give him the dunking-on that he deserves at the very minimum, and hopefully we’ll see at least a shrewd of actual justice there.

[–] [email protected] 18 points 7 months ago

You have more faith in our system than I do then, cause so far dude has been just allowed to make a complete mockery of our system.

[–] [email protected] 33 points 7 months ago

Plus the criminal trial starts fully that he must attend.

But no one says he has to be awake for it!

[–] [email protected] 50 points 7 months ago (3 children)

I just wonder how that bond got accepted in the first place

[–] [email protected] 10 points 7 months ago* (last edited 7 months ago)

It hasn’t been accepted yet. It was posted on April 1st, without the required surety. Engoran is scheduled to make his decision on Monday. This is just the AG’s assessment and recommendation.

[–] [email protected] 26 points 7 months ago* (last edited 7 months ago) (2 children)

I believe only the paperwork has been received, the bond has not been "accepted". This filing is pushing to not accept it.

It has effectively paused some clocks in this particular case, but that gets beyond me.

Edit: on mobile, fixed a typo. "Gets" had been "geys".

[–] [email protected] 2 points 7 months ago

Ahh... That makes sense

[–] [email protected] 2 points 7 months ago (1 children)

Is “geys beyond me” the new “streets ahead”?

[–] [email protected] 3 points 7 months ago (1 children)

And I am certain it will catch on just as much.

[–] [email protected] 3 points 7 months ago

It geys beyond me how quickly slang terms are created nowadays.

[–] [email protected] 37 points 7 months ago (2 children)

It absolutely should not have been. It's not a New York company.

[–] [email protected] 24 points 7 months ago (2 children)

As far as in aware, not being a NY company isn't the issue, it's the fact that they have no evidence they can actually pay the full amount in the event that Trump doesn't follow through with his obligations for the bond.

[–] [email protected] 3 points 7 months ago

Also, he still has access to the funds in the bond! So it's not actually guaranteed.

[–] [email protected] 20 points 7 months ago (1 children)

It is part of the issue.

James took "exception to the sufficiency of the surety" given by Trump and the other defendants. She objected to the fact that the bond was issued by a company that is not an admitted carrier in New York, and lacks the certificate of qualification required by New York Insurance Law Section 1111.

https://www.cbsnews.com/news/donald-trump-175-million-civil-fraud-bond-valid-new-york/

[–] [email protected] 7 points 7 months ago (1 children)

That doesn't say they have to be a NY company, they just lack the correct licensing to issue in NY. Which seems problematic

[–] [email protected] 3 points 7 months ago

The surety question is the main issue. The language seems to say that if trump loses, he has to pay and they don’t. Which isn’t a bond.

[–] [email protected] 28 points 7 months ago (1 children)

It's all the grift. Everyone is so afraid of the orange turd's followers that they bend/break the rules for him.

[–] [email protected] 22 points 7 months ago

there's a word for that... terrorism.

also follows with their sense of extreme conservatism, religious fundamentalism, and anti-globalism/hyper nationalism