Trump liable for $354.9M in civil fraud case, New York judge rules
- This topic has 20 replies, 4 voices, and was last updated 5 days, 6 hours ago by
Legatus_Legionis.
-
AuthorPosts
-
March 28, 2024 at 12:14 pm #315646
IIRC, that is just “paper wealth”. He cannot sell any of his stake for 6 months. And alot can happen before then. Just like the tech bubble of the past, or the more recent collapse of that crypto-exchange or those banks collapsing, etc. nothing is permanent. The fall can be slow or very quick.
Anyone’s wealth is typically just paper wealth. Anytime you hear of the richest people in the world, that is not based on cash on hand. Anyone super rich has most everything in their investments. Trump is no different.
Making half a billion appear from investments is not quick or easy and they know that which is why they gave him such a short period of time so they could mock him and run attack pieces. Which is what they did.
That entire thing is 100% entire nonsense and it should scare everyone because it is a public demonstration that is the establishment wants you gone it will conjure up whatever it needs to.
This happens everyday on a smaller level with people whom are typically poor or are just regular folks. They feel the boot of government on their necks all the time and have for quite awhile, they just have little recourse. It’s not that the attacks on Trump were the beginning of tyranny, that’s just how far it’s already made it.
April 4, 2024 at 7:34 am #316164Donald Trump’s $175m Bond Rejection Raises Questions
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.
Not like they would have accepted it in the first place.
On Wednesday, a message on the New York State Supreme Court’s electronic filing system showed Trump’s “Bond/Undertaking” had been “returned for correction.”
Correction?
…the court has rejected the paperwork of the insurance company that posted the bond for Trump. Insurance companies routinely provide court bonds for a fee.
“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,”
Just more obstacles.
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.
Which is there game plan all along.
Wednesday’s New York County Supreme Court notice read:
“The court has returned the documents listed below for the following reasons: Please include a current financial statement and Power of Attorney. Additionally, please list the name of the Attorney-in-Fact under the signature line on the Undertaking. Please use the ‘Refile Document’ link for Doc. No. 1707 to resubmit the corrected filing. Thank you and have a great day.”
While that all may seem legit, anything dealing with all these attacks on Trump raises questions. Where those items really required, or just additional information the activist courts want (for future lawsuits), and/or in the hopes the “proper” filing will miss the deadline = automatic lose his right to appeal and the confiscation of assets would begin.
April 17, 2024 at 8:24 pm #316985Letitia James Under Pressure to Show Why She Rejected Trump Bond
New York Attorney General Letitia James will have to explain why her challenge to Donald Trump’s $175 million bond was not taken “unnecessarily and for vexation,” a judge has ruled.
Because she most likely NEVER had any intention to accept anything except total destruction of Trump’s financial/property portfolio.
Judge Arthur Engoron set an April 22 hearing after Trump’s legal team filed a large amount of paperwork on Monday to prove that Knight Specialty Insurance Company (KSIC) was legally permitted to post the bond for Trump.
Because is it NOT a DEMon/woke controlled company (whom would never post the bond – as all those previous 30(?) institutions refused to do as was reported when Trump was trying to get the BOND.)
If Trump wins the case on April 22, James will have to pay the costs of the former president reapplying to the court with new bond paperwork.
Don’t you mean “When”?
James sought an “exception” to Trump’s $175 million bond, which under New York law means a challenge to his validity.
Because she does NOT want an appeal, which most likely would overturn the damages and the pre-trial “guilty” verdict.
KSIC and Trump filed a large number of documents to show that Knight had the financial backing to issue the bond and that Trump had fully supported the bond with cash.
In an attempt by the corrupt DA to make getting the BOND approved, by having demanded all this extra paperwork, which they did manage to provide.
Their joint statement, filed to Judge Arthur Engoron on Monday, said KSIC’s $175 million bond was collateralized by the $175,304,075.95 Trump had placed in a Charles Schwab bank account and which was specifically pledged to KSIC.
So the BOND is fully covered, held in a well established bank.
April 18, 2024 at 4:04 am #316993Letitia James is not making anymore decisions in that trial than Biden is with the country.
She is a diversity hire puppet which is common amongst the Soros DAs. If you notice many are black women. Is there something wrong with black women? No, not at all. But when you get a job and you know you got it because of something outside of performance (even if you can perform), you are beholden to the people that hired you. And that’s exactly why that situation exists.
The establishment think tank is telling her what to do just like they do for Fanni Willis.
April 19, 2024 at 8:15 pm #317110And the fact is was on the campaign trail and her number one (and I think only point/campaign promise) was to go after Trump.
This is going after the man, and we’ll find a crime to use against them.
And the fact they are not going against ALL developers for doing the exact same thing (in NY and in every state of the nation, in the US and internationally), tells you how BIASED the whole case is.
All soros funding should be illegal as foreign interference/those accepting are foreign agents, etc.
April 22, 2024 at 5:22 pm #317244Donald Trump’s attorneys reached an agreement with Attorney General Letitia James’ office in court Monday — leading to Judge Arthur Engoron agreeing to accept the $175 million bond in his civil fraud case.
At issue was James’ concern that the bond offered by Knight Specialty Insurance Company had a Charles Schwab account owned by Trump as collateral — while Trump still had access to the funds in it.
That was only one issue, but it was a sticking point until…
Ultimately, after a back and forth, Judge Engoron agreed to the pledge by (Trump’s lawyer, Chris) Kise to maintain the Schwab account in cash and give the Knight Insurance company complete control of it.
The previous offer had Trump’s trust sharing control.
“Andrew Amer says ‘the AG is fine with all these conditions stipulated on the record.'” Scharf wrote.
“Judge accepts it, and court is adjourned.
Now the appeal can fully and completely happen.
-
AuthorPosts
- You must be logged in to reply to this topic.
