KEY POINTS
- Donald Trump should have pledged real estate to the courts if he were “truly unable” to secure a bond, the New York attorney general’s office said.
- Instead, Trump claimed it was “impossible” for him to get a bond using his properties, but did not provide any hard evidence for this, the AG’s office said.
Donald Trump should have pledged real estate he owns as collateral against a $464 million business fraud judgment if he were “truly unable” to secure an appeal bond for that amount, the New York attorney general’s office said in a court filing Wednesday.
Trump also failed to provide evidence supporting his claim this week that it was “impossible” to obtain an appeal bond by using the properties as collateral, a lawyer for AG Letitia James wrote.
“Defendants supply no documentary evidence that demonstrates precisely what real property they offered” to potential insurers," wrote Dennis Fan, senior solicitor general in the AG’s office, in the filing to Manhattan appeals court judges.
Nor did they report “on what terms that property was offered, or precisely why” bond insurers “were unwilling to accept the assets.”
It’s really a catch 22 for him so he’s trying any and everything. He knows it will destroy him when he has to pay this. His empire is a hollow shell leveraged to the tits.
If when the state starts selling these properties they’re gonna have to sell them all and even then it won’t be enough so he’ll have any trump org royalties garnished too until kingdom come.
His only hope is to somehow delay until he’s president again (FML)
There’s pretty much zero possibility of that happening. And, for the record, there’s also almost no possibility of him winning this appeal, either.
I really hope they’re watching closely though. Imagine Russia or China or North Korea giving him the money…
The Chubb group (who financed the ~$90M bond in the E Jean Carrol case)? That company’s CEO is in charge of financing several Russian oil companies and a bunch of other shady shit. Oh, Trump already got a bunch of dirty money.
Thing is, that’s all they’re willing to give him, which may indicate that he’s run out of usefulness to them.
That’s a good sign! I’d really love to see his house of cards collapse.
Or they just want him to sweat a little.