Letitia James contended the former president failed to demonstrate that the company behind his bond had the resources to pay it if his appeal failed.

Letitia James contended the bond company may not have enough resources to pay.

Lawyers for the New York Attorney General asked Judge Arthur Engoron on Friday to reject former President Donald Trump’s $175 million bond for his civil judgment and require him to post a new one within seven days.

Letitia James contended that the former president failed to demonstrate that Knight Specialty Insurance Company, the company behind his bond, had the resources to pay the bond if Trump’s appeal failed.

…

In February, Engoron determined that Trump and his co-defendants engaged in a decade-long scheme to inflate the former president’s net worth to get better business deals and interest rates on loans.

    • mikezane@lemmy.world
      0·
      7 months ago

      It’s a civil trial. This trial is the state of New York suing Trump. The only way he could end up in prison for this is if the United States brought back debtor prisons.

      If they do not allow the bond, the attorney general could start taking Trump’s property away.

  • FenrirIII@lemmy.world
    0·
    7 months ago

    Don Hankey, the chairman of Knight Insurance Group, declined to comment on the matter.

    Also known as pleading the 5th

      • SkyezOpen@lemmy.world
        0·
        7 months ago

        Well, not relevant because that guy isn’t on trial, but in civil trials you CAN make an adverse inference from someone pleading the 5th.

      • Madison420@lemmy.world
        0·
        7 months ago

        Very true, what’s Trump’s position on taking the fifth? Iirc its both “guilty people plead the fifth” and “on advice of counsel I plead the fifth”.

      • jkrtn@lemmy.ml
        0·
        7 months ago

        Actually, let’s go ahead and conflate it, since we aren’t representatives of the government and this guy is obviously shady.

    • MNByChoice@midwest.social
      0·
      7 months ago

      I believe only the paperwork has been received, the bond has not been “accepted”. This filing is pushing to not accept it.

      It has effectively paused some clocks in this particular case, but that geys beyond me.

    • disguy_ovahea@lemmy.world
      0·
      7 months ago

      It wasn’t accepted. It was posted on April 1st, without the required surety. Engoran is scheduled to make his decision on Monday. This is just the AG’s assessment and recommendation.

      • Bassman1805@lemmy.world
        0·
        7 months ago

        As far as in aware, not being a NY company isn’t the issue, it’s the fact that they have no evidence they can actually pay the full amount in the event that Trump doesn’t follow through with his obligations for the bond.

      • FenrirIII@lemmy.world
        0·
        7 months ago

        It’s all the grift. Everyone is so afraid of the orange turd’s followers that they bend/break the rules for him.

        • kreekybonez@lemmy.world
          0·
          7 months ago

          there’s a word for that… terrorism.

          also follows with their sense of extreme conservatism, religious fundamentalism, and anti-globalism/hyper nationalism

  • jkrtn@lemmy.ml
    0·
    7 months ago

    Seven more days, are you fucking kidding me? Doesn’t meet the deadline, 10 more days and a lower requirement. Obviously fraudulent bond, 7 more days.

    If any of us had lost a lawsuit from any state, our accounts would be drained and assets seized after failing the first deadline.

  • Teon@kbin.social
    0·
    7 months ago

    4/22 will be a very bad day for the trumpster. They will reject that bond and he is screwed. Plus the criminal trial starts fully that he must attend.

    • SupraMario@lemmy.world
      0·
      7 months ago

      You have more faith in our system than I do then, cause so far dude has been just allowed to make a complete mockery of our system.

    • Yawweee877h444@lemmy.world
      0·
      7 months ago

      How many times will they just keep letting him slide? I’ll actually be way more surprised if he suffers any real repercussions.

      • root_beer@midwest.socialEnglish
        0·
        7 months ago

        All of the times. Every single one of the times.

        I swear, I need to stop reading any article about how he’s going to get his comeuppance because they’ve all been treating him with kid gloves. At least the juror pool in the fraud trial got to give him the dunking-on that he deserves at the very minimum, and hopefully we’ll see at least a shrewd of actual justice there.