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Trump unable to secure $454 million appeal bond in New York civil fraud case, his attorneys say
Just the News ^ | 3/18/24 | By Madeleine Hubbard

Posted on 03/18/2024 7:57:38 AM PDT by CFW

Former President Donald Trump has been unable to secure the $454 million bond, the full amount of the civil fraud judgment against him, which he must post in order to appeal, his attorneys said in a filing Monday.

Trump offered last month to post a $100 million appeal bond rather than the full amount as the process plays out in court, but the judge denied the proposal.

Trump's "ongoing diligent efforts have proven that a bond in the judgment’s full amount is 'a practical impossibility,'" the former president's lawyers said, per NBC News. "These diligent efforts have included approaching about 30 surety companies through 4 separate brokers."

Efforts to secure the bond include "countless hours negotiating with one of the largest insurance companies in the world," but the work has been unfruitful, per the document.

(Excerpt) Read more at justthenews.com ...


TOPICS: Constitution/Conservatism; Crime/Corruption; Front Page News; Politics/Elections; US: New York
KEYWORDS: appeal; bond; butbutassets; butbutbillionaire; daddyelon; ny; trump; worth11billionhesaid
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To: CFW

I’m sure no one will remember this judge or prosecutor when this is over. No one will even think about retribution. Everyone is cool with this treatment of Trump. How dare we think we have a say!


41 posted on 03/18/2024 8:44:29 AM PDT by bk1000 (Banned from Breitbart)
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To: Ancesthntr

You can’t take the most serious 8th Amendment violation in the nation’s history to SCOTUS? Besides, this is obviously, factually, and plainly election interference. SCOTUS intervened in Colorado on that basis.


42 posted on 03/18/2024 8:46:51 AM PDT by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: spacejunkie2001

Oh so he’s not a billionaire? Are you lying? Hmmmmmm.


43 posted on 03/18/2024 8:47:11 AM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: plain talk

“Well Trump IS a billionaire and has significant assets. The problem is it is all tied up. Assets can be sold but it takes time to do such deals. He’ll figure it out.”

Yes, but... he will have to be very careful how and where he gets the $$$. Part of the leftist agenda is to cause him to do something they can further use against him, especially should he win in November. And as we already know, they will use ANY thing, even if they have to lie about ‘it’.


44 posted on 03/18/2024 8:47:26 AM PDT by Danie_2023 (n)
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To: CFW
What happened? Just after the verdict and appearing on Fox News, Trump lawyer Alina Habba noted that a bond including the full amount would have to be posted and added that “we will be prepared to do that.”

“Unfortunately, they picked the wrong guy to pick on, in my opinion, because he’s strong, he’s resilient, and he happens to have a lot of cash,” Habba added.

Apparently they weren’t prepared to do that?

45 posted on 03/18/2024 8:47:59 AM PDT by joesbucks (It's called love-bombing. Claiming he's saving the world. This is a cult. Just back away. )
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To: Lockbox

Doubt that. First, while I’m no lover of Trump, the amount is quite large. For good reason? I don’t know. But even Trump has never offered to pay even the unjust enrichment (engorgement) amount. Which is less than half the amount of bond being requested. Second, while not stated by the bonding companies, I’m sure there is a concern about repayment should he lose the appeal. I mean he’s famous for timely payments and payments at all. That’s a hell of a risk for any company to underwrite.


46 posted on 03/18/2024 8:59:19 AM PDT by joesbucks (It's called love-bombing. Claiming he's saving the world. This is a cult. Just back away. )
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To: ProtectOurFreedom

That case didn’t go directly to SCOTUS. The Colorado SC heard the case first, then it went on from there.


47 posted on 03/18/2024 9:03:04 AM PDT by Coronal
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To: napscoordinator

Most of his net worth is likely tied up in non-liquid assets. He’s a billionaire, but he does not have that in cash or other liquid assets.

they will take his property and find an excuse to throw him in prison as some sort of felon.

Biden wins!!!

America loses.

Trump in prison.


48 posted on 03/18/2024 9:05:39 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: CFW

Trump is likely to receive a huge stock windfall from his media group merger to the tune of $3.95 billion. Unfortunately for him, once it happens, he cannot liquidate any stock for at least 90 days. I am actually surprised that they cannot get a loan for the amount needed which makes me wonder if no bank wants to get involved in what is obviously a political mess.


49 posted on 03/18/2024 9:10:25 AM PDT by XRdsRev (Justice for Bernell Trammell, Trump supporter, murdered in 2020)
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To: ProtectOurFreedom

“This should go to SCOTUS immediately. This is beyond the pale.”

Once again for those in the back - IT CAN’T GO TO SCOTUS IMMEDIATELY.


50 posted on 03/18/2024 9:13:00 AM PDT by CraigEsq (,)
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To: XRdsRev

That figure is based on the current stock value of the SPAC issuing it, which is by no means certain to stand.


51 posted on 03/18/2024 9:13:33 AM PDT by Coronal
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To: CFW

I don’t buy this at all. He just did a deal paying hi $4 BILLION. That alone would be collateral for any loan.


52 posted on 03/18/2024 9:17:55 AM PDT by LS
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To: CraigEsq

What is Trump’s recourse from here? This bond requirement is preposterous


53 posted on 03/18/2024 9:18:11 AM PDT by spacejunkie2001
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To: Coronal

it won’t be a spac when DJT has ownership


54 posted on 03/18/2024 9:18:51 AM PDT by spacejunkie2001
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To: joesbucks

Concern about repayment should he lose appeal? That’s the whole point of the bond. The company pays the money in full should he lose the appeal. That’s why people get bonds and put up collateral.


55 posted on 03/18/2024 9:19:45 AM PDT by gcparent (God Bless America )
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To: joshua c

exactly, he is prevented from appealing until he can pay, but they set the value so high he can’t pay. It is a catch 22.

They might as well have fined him 22 trillion! Sorry no appeal unless you can come up with that much bond!!

This is unconstitutional on many levels.


56 posted on 03/18/2024 9:22:32 AM PDT by TexasFreeper2009
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To: spacejunkie2001

When and as the merger takes place there will be some major changes, including a fivefold expansion of the outstanding stock volume. Presuming that the stock value will remain constant is unwise.


57 posted on 03/18/2024 9:23:03 AM PDT by Coronal
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To: LS

this Friday, DWAC and TMTG merge, becoming DJT. DJT will own about 58% of the float or about 78m shares. It will trade considerably higher than what DWAC is currently trading at but let’s say it’s floats around $75/share. That makes his holdings in DJT worth ~$5.87b.

My personal take is it goes much higher than that


58 posted on 03/18/2024 9:23:44 AM PDT by spacejunkie2001
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To: Macho MAGA Man

He can’t appeal in state court without the bond, but he can in federal court.


59 posted on 03/18/2024 9:24:08 AM PDT by TexasFreeper2009
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To: PIF

Yep, now they will start seizing his assets


60 posted on 03/18/2024 9:24:14 AM PDT by corlorde
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