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+--- Thread: Trump's Bond returned for "corrections" (/showthread.php?tid=286162)
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Trump's Bond returned for "corrections" - JoeH - 04-04-2024
Well Trump found a
Re: Trump's Bond returned for "corrections" - GGD - 04-04-2024
Maybe they should put him in a correctional facility run by corrections officers while waiting "for correction".
Re: Trump's Bond returned for "corrections" - Ombligo - 04-04-2024
The loan shark who put up the money made errors on the bond form. The main issue is the poster did not submit any financial information that showed he had the funds. They will get one opportunity to correct the paperwork and resubmit for consideration.
Re: Trump's Bond returned for "corrections" - $tevie - 04-04-2024
Re: Trump's Bond returned for "corrections" - bfd - 04-04-2024
Dumbf still just doesn't get that the State and Feds can paper him forever. While it unfortunately grinds the gears of justice to a crawl, the billable hours for his attorney fees never ends. And the government can always print more money and add more hours to a day. One way or the other, Dumbf will be broken. Dumbf ass.
Re: Trump's Bond returned for "corrections" - Diana - 04-04-2024
Just another delay tactic.
1. Wait until the last minute to post bond, knowing that it will take time to process it. Wait.
2. Bond irregularities! Fix it! Takes time to fix it. Post corrections. Wait.
3. See how long it takes to check this one out.
So, add another week to the “deadline.”
:popcorn:
Re: Trump's Bond returned for "corrections" - Ted King - 04-04-2024
bfd wrote:
Dumbf still just doesn't get that the State and Feds can paper him forever. While it unfortunately grinds the gears of justice to a crawl, the billable hours for his attorney fees never ends. And the government can always print more money and add more hours to a day. One way or the other, Dumbf will be broken. Dumbf ass.
I would love to see a breakdown on how much he is spending in lawyer fees on the different facets of his cases. I sorta suspect that something over half his lawyer fees are going to them filing what are bad faith claims whose only purpose is to delay and delay and delay. IOW, not really preparing and executing defense at trial but just delay for political purposes.
Re: Trump's Bond returned for "corrections" - Ca Bob - 04-04-2024
This raises an interesting question. If it turns out that Trump did not actually post the bond because his agent did/does not have the money, then does this invalidate his right to ever post bond? Can the New York AG immediately begin to confiscate Trump properties, based on the failure to post bond by the official time limit?
And also of interest: The appeals court reduced the bond level, but did not say anything about the verdict itself. If there is no bond, can the New York AG confiscate $465 million worth of property, because that is the level of the verdict? Would this be unwise because the appeals court has subtly signaled that maybe $465 million is too high, and maybe $175 million is a more likely verdict after appeal?
And even more subtle: Would Trump's failure to post bond have any effect on how much lower the appeals court will reduce his verdict? Will the treat his failure to post bond as fait accompli, and treat the $175 million as just the starting amount from which to consider how high the verdict will go?
Re: Trump's Bond returned for "corrections" - Tiangou - 04-04-2024
"There seem to be serious issues," said Bruce H. Lederman, an attorney who has filed many bonds in New York, including for a real estate developer challenging a judgment. Lederman said he was struck by "glaring errors" in the bond..
"In all the years I've been doing this, you always have to have a certificate from the Department of Financial Services saying that you're licensed to issue a surety bond," he said, referring to the missing certificate of qualification.
Lederman also noticed that Knight Specialty is not listed on New York's Department of Financial Services website.
The company refiled its posting, as directed by the clerk, after CBS News published its report on Thursday and before James' took exception to the bond.
On Wednesday, the New York Supreme Court clerk's office had returned to Trump's attorneys the bond filing "for correction." There was no reason publicly specified in the request for correction.
Adam Pollock, a former assistant attorney general in New York, said, "This bond is deficient for a number of reasons."
"Including that the company doesn't appear to be licensed in New York and doesn't appear to have enough capital to make this undertaking," Pollock said...
The billionaire behind Trump's bond is Don Hankey, the chairman of Knight Insurance, which owns the subsidiary that wrote the bond.
Hankey said that Trump used "cash" as collateral for the bond, a total of $175 million.
"First he furnished about $120 million worth of bonds that we OK'd, so we assumed it would be investment-grade bonds and cash. But as it turned out, it was all cash," he told CBS News in a brief phone call on Tuesday.
But Trump retained that $175 million cash collateral, according to Shah. He said the money is in an account that is "pledged" to the company. He would not specify the type of account. Trump paid a premium to the company that Shah declined to disclose.
Wow.
Just... wow.
Re: Trump's Bond returned for "corrections" - Acer - 04-04-2024
Meanwhile, some poor slob rots in Rikers with a misdemeanor because had no friends on the outside able to scratch together $300 bail.