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.
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?
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.
Anonymous wrote:
Reasons whyvTrump bond rejected
https://www.newsweek.com/letitia-james-responds-after-donald-trump-bond-rejected-1887072
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?
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