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Post by oldnewbie on Apr 3, 2024 17:55:02 GMT -5
Rejected and ‘returned for correction’: Docs for Trump’s $175M bond get bouncedA review of the New York County Supreme Court docket on Wednesday shows that paperwork for former President Donald Trump‘s newly-secured bond of $175 million was temporarily rejected and “returned for correction.” The cause for the rejection, according to the New York County Supreme Court website, is because the requisite paperwork lacked a current financial statement. This was first noted by New York attorney Jeffrey Levine in a post on X, formerly Twitter. It is also missing the name of his attorney-in-fact. Trump will have a chance to resubmit his request. Edit: My very favorite part: "Thank you, and have a great day"
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Post by Mocha on Apr 3, 2024 18:02:14 GMT -5
“… and have a great day.” 😂
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Post by HOLIDAY on Apr 3, 2024 20:46:28 GMT -5
Oh my God it’s serious, thanks for sharing this profoundly important information. Do you feel better for it because I certainly do. How deep, how vital to this country. How terribly important in the scheme of things. Are you sure you don’t work for the National Enquirer?
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Post by jsquare on Apr 3, 2024 20:48:50 GMT -5
Oh my God it’s serious, thanks for sharing this profoundly important information. Do you feel better for it because I certainly do. How deep, how vital to this country. How terribly important in the scheme of things. Are you sure you don’t work for the National Enquirer? This coming from the guy who creates a thread on every headline he reads. |
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Post by oldnewbie on Apr 3, 2024 23:30:26 GMT -5
Oh my God it’s serious, thanks for sharing this profoundly important information. Do you feel better for it because I certainly do. How deep, how vital to this country. How terribly important in the scheme of things. Are you sure you don’t work for the National Enquirer? You're welcome. I like to throw in some news based solely on facts occasionally between your threads, so you can see what that looks like. |
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Post by HOLIDAY on Apr 3, 2024 23:59:17 GMT -5
Oh my God it’s serious, thanks for sharing this profoundly important information. Do you feel better for it because I certainly do. How deep, how vital to this country. How terribly important in the scheme of things. Are you sure you don’t work for the National Enquirer? You're welcome. I like to throw in some news based solely on facts occasionally between your threads, so you can see what that looks like. you sure do!!🤣😂 |
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Post by bobinmd on Apr 4, 2024 8:19:42 GMT -5
Oh my God it’s serious, thanks for sharing this profoundly important information. Do you feel better for it because I certainly do. How deep, how vital to this country. How terribly important in the scheme of things. Are you sure you don’t work for the National Enquirer? You're welcome. I like to throw in some news based solely on facts occasionally between your threads, so you can see what that looks like. Your fact based news is lost on Hol what with his comprehension problem, among others.🤡 |
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Post by geddyleeridesagain on Apr 4, 2024 10:19:31 GMT -5
The guy putting up the bond is a dirtbag loan shark from my neck of the woods whose companies have run afoul of the law on multiple occasions. Only the best people!
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Post by bobinmd on Apr 4, 2024 13:25:51 GMT -5
The guy putting up the bond is a dirtbag loan shark from my neck of the woods whose companies have run afoul of the law on multiple occasions. Only the best people! Jeez. But laptop, “you guys” and um er all Democrats ... so there. |
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Post by oldnewbie on Apr 4, 2024 15:54:20 GMT -5
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Post by volleyguy on Apr 4, 2024 16:00:40 GMT -5
The company issuing the bond doesn’t have a license to practice in New York, and Trump didn’t actually convey the cash for the bond—instead, it’s still in his account and is “pledged” to the bond issuer, which completely defeats the purpose of a surety bond. But of course, this is all a Witch Hunt.
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Post by BearClause on Apr 4, 2024 18:01:25 GMT -5
The company issuing the bond doesn’t have a license to practice in New York, and Trump didn’t actually convey the cash for the bond—instead, it’s still in his account and is “pledged” to the bond issuer, which completely defeats the purpose of a surety bond. But of course, this is all a Witch Hunt. I thought the typical process was to have a lien on the assets put up as collateral. In theory that should prevent the sale of the assets before they can be collected. But I guess something like investment bonds could still produce income for the holder while there's a lien. |
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Post by BearClause on Apr 5, 2024 9:38:00 GMT -5
This is probably going to be rejected. But if Trump really has $400 million in cash, he may just have to pony it up.
finance.yahoo.com/news/guy-backed-trump-bond-may-213812449.htmlIn a court filing on Thursday, Knight Speciality Insurance Company revealed that its liquid assets don’t meet the needs of Trump’s already minimized bond. According to a financial assessment, the company, owned by billionaire Don Hankey, has just $138 million in “surplus.” Knight would therefore need to spend 127 percent of its reserves in order to cover Trump’s bond—far more than the 10 percent of a state-regulated suretor’s surplus that’s allowed by New York law. |
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Post by oldnewbie on Apr 5, 2024 9:55:45 GMT -5
This is probably going to be rejected. But if Trump really has $400 million in cash, he may just have to pony it up.
finance.yahoo.com/news/guy-backed-trump-bond-may-213812449.htmlIn a court filing on Thursday, Knight Speciality Insurance Company revealed that its liquid assets don’t meet the needs of Trump’s already minimized bond... You cut off before this whopper: Lawyers for the attorney general’s office also noted that the insurance company was trying to operate “without a certificate of qualification” in the state. But that was, apparently, the plan all along, according to Knight’s president, Amit Shah. “Knight Specialty Insurance Company is not a New York domestic insurer, and New York surplus lines insurance laws do not regulate the solvency of non-New York excess lines insurers,” Shah told CBS. |
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Post by oldnewbie on Apr 19, 2024 17:01:56 GMT -5
The New York Attorney General’s office asked a judge to void a $175 million bond posted by former President Donald Trump to secure a much larger monetary damage award in his civil business fraud case.The New York Attorney General’s office on Friday asked a judge to effectively void a $175 million bond posted by former President Donald Trump to secure a much larger monetary damage award in his civil business fraud case as he appeals the judgment. The AG’s office in a filing said that Trump and other defendants in the case had failed to show there is enough identifiable collateral to back the bond for the judgment in Manhattan Supreme Court. The filing notes that the surety Trump used to obtain the bond, Knight Specialty Insurance Company, is “a small insurer that is not authorized to write business in New York and thus not regulated by the state’s insurance department, had never before written a surety bond in New York or in the prior two years in any other jurisdiction, and has a total policyholder surplus of just $138 million.”
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