Donald Trump’s problematic $175 million bond to cover his New York civil fraud appeal has raised questions about what exactly led to the rejection of his insurer’s paperwork, says a legal analyst.
The Trump Organization’s court-appointed monitor, Barbara Jones, likely has all the answers, MSNBC legal analyst, Lisa Rubin, wrote on X, formerly Twitter.
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“The financial statement that is missing does not seem to be Trump’s. Rather, the court appears to be demanding these documents from Knight Specialty Insurance Co. to ensure that the company is sufficiently capitalized and authorized to post the bond,” Rubin wrote on Wednesday.
“Meanwhile, we still don’t know what fee Trump paid for the bond or exactly what collateral he pledged,” Rubin added.
“But you know who likely DOES have all of those details? Retired federal judge Barbara Jones, the court-appointed monitor in the case. Under a 3/21/24 order, the Trump Org must give her advanced notice of their efforts to secure surety bonds.”
The court would likely reject Trump’s bond if the paperwork is not corrected. That would mean Trump would lose his right to appeal Engoron’s fraud judgment and the $454 million would be due.
Based on everything that lead up to this they will just lower the amount and give him even more time to find someone else, because rulings and laws just don’t appear to mean anything.
So far it seems that they are handling his bond like every other criminal. I don’t understand how it got reduced though.
Reducing the amount and the extensions is not handling it like every other criminal.
The reduction isn’t common, but it does happen. It’s often seen when the appeals court has reason to believe the original judgement will be reduced on appeal.
The government is scared of Trump supporters and it shows.
Yeah I’m actually surprised the government is so weak against them. Kind of makes me not respect the laws much anymore lol
Also the courts treating an ex president with kids gloves because god forbid they be treated like a regular person.
They worry he will win in November. Really we need to make sure he loses and then they can throw his ass in prison.
There is no reason to wait.
They need to hold him accountable now or lose their job or worse. That’s not fair to the rest of us for them to shrug off their duties like that.
Unfortunately we don’t live in a world were the rich can be held accountable. Hell 90% of Congress are millionaires. They system is set up for the 1%. We are oligarchy not a democracy. Trump getting away with his crimes in plain sight is proof of that.
You hear that everyone. If you ever get a bond for a crime just purposely fill out wrong to reduce your sentence. 😁 #shittylifeprotips
TBH, I would be surprised if Jones has those answers. Trump is SUPPOSED to be keeping Jones appraised of such happenings, but since when has he cared for protocol, and when has he ever been held accountable?
Not only that, but Trump Org is not the entirety of Trump’s holdings, and it was Trump the appellant who obtained and is covered by the surety, not the group of business entities with his name on it.
Also, in New York, when you post an appeal bond, the winning party – not the court – decides whether the surety is acceptable, because the debt belongs to the winning party and not the court.
Letitia James has already notified the court that she does not accept the surety on behalf of the state (the winner of Trump’s case), and a hearing will be scheduled as per NY law to discuss it. Archive link
There are quite a few missing points in this person’s analysis, enough to make me think they really don’t know what they’re talking about.
“Meanwhile, we still don’t know what fee Trump paid for the bond or exactly what collateral he pledged,” Rubin added.
Oh. You know.
