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submitted 8 months ago* (last edited 8 months ago) by breakfastmtn@lemmy.ca to c/news@lemmy.world

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 110 points 8 months ago

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 48 points 8 months ago

The government is scared of Trump supporters and it shows.

[-] snooggums@midwest.social 40 points 8 months ago

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

[-] Fredselfish@lemmy.world 8 points 8 months ago

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 8 months ago

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 8 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 8 months ago

There is no reason to wait.

[-] RagingRobot@lemmy.world 13 points 8 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

[-] Chocrates@lemmy.world 8 points 8 months ago

So far it seems that they are handling his bond like every other criminal. I don't understand how it got reduced though.

[-] snooggums@midwest.social 48 points 8 months ago

Reducing the amount and the extensions is not handling it like every other criminal.

[-] evatronic@lemm.ee 3 points 8 months ago

The reduction isn't common, but it does happen. It's often seen when the appeals court has reason to believe the original judgement will be reduced on appeal.

[-] Chocrates@lemmy.world 1 points 8 months ago

Interesting. Thank You

this post was submitted on 04 Apr 2024
210 points (100.0% liked)

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