this post was submitted on 04 Apr 2024
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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.

The Trump Organization's court-appointed monitor, Barbara Jones, likely has all the answers, MSNBC legal analyst, Lisa Rubin, wrote on X, formerly Twitter.

. . .

"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," Rubin wrote on Wednesday.

"Meanwhile, we still don't know what fee Trump paid for the bond or exactly what collateral he pledged," Rubin added.

"But you know who likely DOES have all of those details? Retired federal judge Barbara Jones, the court-appointed monitor in the case. Under a 3/21/24 order, the Trump Org must give her advanced notice of their efforts to secure surety bonds."

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[–] snooggums@midwest.social 108 points 7 months ago (2 children)

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.

Based on everything that lead up to this they will just lower the amount and give him even more time to find someone else, because rulings and laws just don't appear to mean anything.

[–] WhatsThePoint@lemmy.world 49 points 7 months ago (2 children)

The government is scared of Trump supporters and it shows.

[–] snooggums@midwest.social 44 points 7 months ago (1 children)

Also the courts treating an ex president with kids gloves because god forbid they be treated like a regular person.

[–] Fredselfish@lemmy.world 7 points 7 months ago (2 children)

They worry he will win in November. Really we need to make sure he loses and then they can throw his ass in prison.

[–] RagingRobot@lemmy.world 9 points 7 months ago (1 children)

They need to hold him accountable now or lose their job or worse. That's not fair to the rest of us for them to shrug off their duties like that.

[–] Fredselfish@lemmy.world 2 points 7 months ago

Unfortunately we don't live in a world were the rich can be held accountable. Hell 90% of Congress are millionaires. They system is set up for the 1%. We are oligarchy not a democracy. Trump getting away with his crimes in plain sight is proof of that.

[–] snooggums@midwest.social 4 points 7 months ago

There is no reason to wait.

[–] RagingRobot@lemmy.world 14 points 7 months ago

Yeah I'm actually surprised the government is so weak against them. Kind of makes me not respect the laws much anymore lol