Trump can’t pay

[Anonymous]

Anonymous wrote:
Apparently, more information is needed for the company securing Trump's bond. Is it possible Trump is being hoisted by his own petard? Ah, sweet justice, at last!

https://www.newsweek.com/donald-trump-bond-arthur-engoron-new-york-fraud-trail-manhattan-insurance-company-1886768

Does anyone know what this means? Isn’t the ten days up today? If Trump hasn’t paid correctly, what happens next?

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Apparently, more information is needed for the company securing Trump's bond. Is it possible Trump is being hoisted by his own petard? Ah, sweet justice, at last!

https://www.newsweek.com/donald-trump-bond-arthur-engoron-new-york-fraud-trail-manhattan-insurance-company-1886768

Does anyone know what this means? Isn’t the ten days up today? If Trump hasn’t paid correctly, what happens next?

Pretty sure it’s tomorrow.

[Anonymous]

"Just say you have the money and leave the rest to me"

[Anonymous]

Apparently. Corrected bond has been resubmitted with financial statement on company securing bond. However. It seems AG James has questions. I don't know enough about any of this but I smell something very fishy!

[Anonymous]

Oh, what a tangled web Trump weaved when DA James he tried to deceive!

https://l.smartnews.com/p-oKXYd/mFfZyM

[Anonymous]

Reasons whyvTrump bond rejected


https://www.newsweek.com/letitia-james-responds-after-donald-trump-bond-rejected-1887072

[Anonymous]

[Anonymous]

Anonymous wrote:
Reasons whyvTrump bond rejected


https://www.newsweek.com/letitia-james-responds-after-donald-trump-bond-rejected-1887072

So the insurance company that provided his bond isn't licensed to sell insurance in NY. And has refused to provide any evidence that it actually has the financial ability to pay the bond. Well this hearing should go well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Reasons whyvTrump bond rejected


https://www.newsweek.com/letitia-james-responds-after-donald-trump-bond-rejected-1887072

So the insurance company that provided his bond isn't licensed to sell insurance in NY. And has refused to provide any evidence that it actually has the financial ability to pay the bond. Well this hearing should go well.

Sparks of fraud. Who would have thought?

[Anonymous]

Hankey has now filed some info about Knight. Eric claims on Twitter that the bond is backed by cash.
https://apnews.com/article/trump-civil-fraud-trial-appeal-bond-e72da14328ebd4bd81ab7d96f5b962a8?taid=660f3a52ded6e500010ca9ce&utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter

[Anonymous]

Wow, this bond thing is looking mighty fishy. Company isn't licensed to issue insurance in NY. They originally omitted the required financial statement. Then the one they filed when they got called on it shows they have a surplus of only $138M, which is less than the amount of the bond. And the parent company's statement says they have a Note Receivable of $183.5M, which is suspiciously close to the $175M (plus a premium), except the statement is dated December 31, 2023. Is this company trying to pull off a fraud just like Trump's?

[Anonymous]

Anonymous wrote:Wow, this bond thing is looking mighty fishy. Company isn't licensed to issue insurance in NY. They originally omitted the required financial statement. Then the one they filed when they got called on it shows they have a surplus of only $138M, which is less than the amount of the bond. And the parent company's statement says they have a Note Receivable of $183.5M, which is suspiciously close to the $175M (plus a premium), except the statement is dated December 31, 2023. Is this company trying to pull off a fraud just like Trump's?

Knowing how Trump does business, does this surprise anyone. Of course he couldn’t get a normal bond from a large N.Y. Insurance company, instead he goes to a big donor whose company doesn’t even have the cash to cover. All makes perfect sense and is expected, nothing straightforward with this guy. But he keeps buying time…..

[Anonymous]

This is all so fraudulent.

The CEO says the company can issue bonds in NY even if it’s not licensed in NY. Sure, true on its face, but this is not a construction bond. For court bonds, as regulated by the CPLR, the law is clear about in-state license requirement.

Also the law is clear that a company can’t put more than 10% of its capital at risk. They clearly lack the capital to even post the bond.

[Anonymous]

Didn’t something in the settlement bar Trump from getting loans from businesses registered in New York State?

[Anonymous]

Anonymous wrote:This is all so fraudulent.

The CEO says the company can issue bonds in NY even if it’s not licensed in NY. Sure, true on its face, but this is not a construction bond. For court bonds, as regulated by the CPLR, the law is clear about in-state license requirement.

Also the law is clear that a company can’t put more than 10% of its capital at risk. They clearly lack the capital to even post the bond.

Yep. Engoran is going to reject the bond. Then I assume Trump will run off to the appellate division again. More delay.