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It Seems Trump Still Has No Idea How to Post That Massive Fraud Bond
(newrepublic.com)
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this post was submitted on 14 Mar 2024
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Nope. In 30 days or whatever it is now, if he doesn’t put it up. Chubb pays for him seizes whatever collateral was put up.
It’s probably his real estate because it’s the only thing he has of significant value.
It is possible that Chubb didn’t cut him any favors and it really “just is” business. If they took say 2x in collateral, depending on the contract, they could make quite a bit of bank on that deal- or whatever they figured it was overvalued by.
Chubb put up the appeals bond for his defamation trial.
This is talking about the appeals bond for his fraud trial. Chubb (currently) has no stake in that one and Trump (currently) hasn't posted a bond for that. He has until March 25th to do so or else the state of New York is gonna be getting $400 million of new real estate.
And they won't use Trump's fraudulent valuations, either.
Ah. Even simpler then. When it expires it goes to collections and the state starts seizing assets. Either way… that’s unlikely to not be resolved before he’s the president.
My money is on this stalling being so the Truth Social merger goes through and he can loan against his stake there, that or sell shares. The preliminary valuation puts Trumps part of the post-merger company at up to $4 billion, which is absurd but also he does have an extremely specific demographic completely captured over there. It's marketing gold for unscrupulous companies and niche stuff that won't ever sell to city Dems, like truck nuts and tacticool gear.
Six points for 'tacticool'. :)
There's an article which explains that the financial document says it'll take months for that bond to be valid and it has various ways to get out of the "bond". Meaning, they were trying to get the judge to sign off on a bond which wasn't a bond.
Her attorney caught it and had them change that. I couldn't find anything that it's not a real bond? Can you link what you read?
https://www.msn.com/en-us/news/other/e-jean-carroll-s-lawyer-forces-donald-trump-to-change-his-bond/ar-BB1jI68i
https://abcnews.go.com/US/sides-ceo-company-guaranteed-trumps-92m-bond-tells/story?id=108087233