Judge orders Trump company to tell financial watchdog about efforts to get appeal bonds
Source: CNBC
Published Thu, Mar 21 2024 2:04 PM EDT Updated 18 Min Ago
A New York judge ordered Donald Trumps company Thursday to tell a court-appointed financial watchdog about any future efforts to obtain bonds to secure a $454 million civil fraud judgment against the former president. Judge Arthur Engorons order came as Trump tries to avoid paying that judgment as he appeals the business fraud verdict in Manhattan Supreme Court.
Trumps lawyers on Monday told an appeals court panel that it was impossible for him to bond that would prevent New York Attorney General Letitia James from collecting the judgment during his appeal. The attorneys said more than 30 surety companies rejected Trumps request for an appeal bond.
James can begin seizing Trumps properties next Monday to collect the judgment unless the appeals court grants him a waiver, or unless he manages to secure a bond or puts up real estate as collateral for the court. In his order Thursday, Engoron told the Trump Organization it must tell its financial overseer, Barbara Jones, in advance, of any efforts to secure surety bonds.
The company must tell Jones about any claims the Trump Organization makes to obtain the bonds, any personal guarantees by Trump or other defendants, and any condition imposed on the company.
Read more: https://www.cnbc.com/2024/03/21/judge-orders-trump-company-to-tell-watchdog-about-appeal-bonds.html
ificandream
(9,373 posts)Martin68
(22,822 posts)agree to for the purpose of being able to report that no company would provide the bond. Trump could just be trying to lower the amount of the bond he has to pay.
underpants
(182,830 posts)SergeStorms
(19,204 posts)to come up with the money to keep this "billionaire" afloat.
JoseBalow
(2,393 posts)AllaN01Bear
(18,261 posts)Joinfortmill
(14,432 posts)Think. Again.
(8,189 posts)...concerns she may have to the proper National Security agencies.
Novara
(5,844 posts)I assume that also means she'll be watching if he asks Bonesaw for the money.
Voltaire2
(13,063 posts)mpcamb
(2,871 posts)Vinca
(50,279 posts)Because: Bonesaw
2naSalit
(86,649 posts)Diraven
(520 posts)The rejections from 30 companies most likely never actually happened. Just a whiny stalling tactic.
DoBW
(593 posts)back again with "Good Will Hunting"
littlemissmartypants
(22,695 posts)Your mouth making promises that your ass mushroom can't keep...
Or something like that...*
F U djt!
TY Judge Arthur Engoron and New York Attorney General Letitia James!
Hip, hip, hooray!
Thanks for sharing this BRDS! ❤️
*"Dont Let Your Mouth Write a Check That Your Ass Cant Cash" and "...your mouth's writing checks that your ass can't cash" with apologies to Stetsasonic and Limp Bizkit.