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☆ New York AG says $175 million Trump fraud bond isn't properly backed, should be voided
▼ + stars: | 2024-04-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Former President Donald Trump returns from a lunch break at Manhattan criminal court as jury selection continues in New York, NY on Thursday, April 18, 2024. The filing opposes a joint motion by Trump and KSIC to justify the insurer as the surety company holding the bond. Lawyers for AG Letitia James asked Judge Arthur Engoron to require Trump and other defendants to put up a replacement bond within seven days of ruling on the issue. Trump personally was ordered to pay $454 million in damages, an amount that is growing every day with interest. Trump was required under New York law to post a bond to guarantee the judgment as he appeals the decision.

Persons: Donald Trump, Trump, KSIC, AG Letitia James, Judge Arthur Engoron, Engoron Organizations: Manhattan, The New York Attorney, Knight Specialty Insurance, Trump, AG, Trump Organizations, New Locations: New York, NY, Manhattan

CNN —The first criminal trial of former President Donald Trump is here. Trump has complained that he cannot get a fair jury in Manhattan, where the jurors must live. He was fined twice for violating a gag order imposed by New York Judge Arthur Engoron in his civil fraud trial. This payment is not part of the charges against Trump, but prosecutors have said that the testimony would help establish a pattern of payments. Merchan also denied prosecutors’ request to show E. Jean Carroll’s deposition from her defamation case against Trump because it would be “building in a trial into a trial.”

Persons: Donald Trump, Trump, Judge Juan Merchan, Merchan, ” Merchan, “, Michael Cohen, they’d, CNN’s Paula Reid, Todd Blanche, Blanche, Chris Conroy, ” Conroy, Daniels, Michael Avenatti, Cohen, ”, Arthur Engoron, Karen McDougal, McDougal, Prosecutors, Jean Carroll’s Organizations: CNN, Republican, Manhattan, Attorney’s, Judge, New York, Trump . Defense, Monday Trump, Trump, Prosecutors, Social, New, National, American Media Inc Locations: Manhattan, New, New York

CNN —Lawyers for former President Donald Trump said his $175 million bond posted to satisfy the judgement in the New York civil fraud case is financially sound, and they asked the judge to set aside the attorney general’s challenge to the bond and award him costs and fees. In court filings Monday night, Trump said the bond secured by Knight Specialty Insurance Company is backed by Trump’s Charles Schwab account with more than $175 million in cash. “KSIC also has a standing agreement with its parent company, Knight Insurance Company, Ltd. (‘KIC’), by which KIC reinsures 100% of KSIC’s risk,” the affirmation said. “The $175 million bond at issue is adequately secured.”Earlier this month, the attorney general’s office challenged the financial ability of the underwriter to be able to stand in for the bond. The attorney general’s office questioned whether Knight Specialty was authorized to underwrite a surety bond in New York state and whether it lacked a certificate from the state regulator saying it is qualified.

Persons: Donald Trump, Trump, Trump’s Charles Schwab, Schwab, Gregory Serio, “ KSIC, Arthur Engoron, ” Organizations: CNN, Knight Specialty Insurance, DJT Trust, Knight Insurance Company, Ltd Locations: New York

☆ Trump’s first criminal trial is a historic and solemn moment for America
▼ + stars: | 2024-04-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

The United States, unlike democracies that have been historically less stable, is not a nation accustomed to seeing its former heads of state on trial. This is one reason why Trump’s 2024 campaign is running as much through the courtrooms as according to the traditional rhythms of a White House bid. It’s very unfair that I’m having a trial there,” Trump said on Friday, alluding to New York City’s liberal lean. The deteriorating situation could bolster Trump’s claims the world is spinning out of control under his successor’s watch. Merchan has declined efforts by the president’s attorneys to get the trial relocated to a jurisdiction where voters may be more favorable to Trump.

Persons: Donald Trump, Trump, ”, Biden, Attorney Alvin Bragg, Juan Merchan, Judge Arthur Engoron, Joe Biden, “, that’s, Robert Hirschhorn, ” Trump, he’s, Nelson Mandela, Alexey Navalny, Bragg, Trump’s, Stormy Daniels, Daniels, ” Bragg, ” Trump’s, …, Norm Eisen, ” Eisen, Alvin Bragg, Jack Smith, Michael Cohen, Merchan, Cohen Organizations: CNN, Republican, Trump, Attorney, Democrat, Conservative Political, Conference, Biden, White House, Prosecutors Locations: United States, Manhattan, New York, Pennsylvania, Israel, Iran

☆ Trump targets two likely witnesses ahead of his criminal trial, despite gag order
▼ + stars: | 2024-04-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Donald Trump on Saturday took aim at two likely witnesses in his upcoming New York hush money trial, testing the boundaries of a gag order that prohibits such public statements. The social media post is the latest challenge to the limits of a gag order that forbids Trump from making public statements about likely witnesses and jurors. In the weeks since, Trump has repeatedly gambled on the limits of the gag order. It would not be the first time Trump has faced consequences for disobeying a gag order. In a separate trial in October, Judge Arthur Engoron fined Trump $10,000 for gag order violations.

Persons: Michael Cohen, Donald Trump, POMERANTZ, Trump, Cohen, Stormy Daniels, Juan Merchan, Daniels, Nelson Mandela, Judge Arthur Engoron Organizations: Trump Organization, Court, Manhattan District Attorney, New York, Trump, Democratic Locations: New York, Manhattan, New York City, York, South Africa

☆ Trump says going to jail for gag order violation would be a 'great honor,’ compares himself to Mandela
▼ + stars: | 2024-04-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Donald Trump on Saturday said he welcomed the prospect of going to jail for violating a gag order in his upcoming New York hush money trial. And last week, Trump took to Truth Social to share a message that likened his legal troubles to the persecution of Jesus Christ. That first gag order came in response to Trump's repeated calls for the judge to recuse himself. One day after the first gag order was imposed on March 26, Trump went after Merchan's daughter on social media. Under the expanded order, Trump can still criticize Merchan and Bragg individually.

Persons: Donald Trump, Nelson Mandela, Juan Merchan, Trump, Mandela, Jesus Christ, Stormy Daniels, Merchan, Trump's, Attorney Alvin Bragg, Bragg, Judge Arthur Engoron, Joe Biden's, Saturday's Mandela, that's Donald Trump, Biden, Jasmine Harris Organizations: U.S, New York, Republican, Trump, Manhattan District, Attorney Locations: Grand Rapids , Michigan, York, South Africa, Manhattan, Trump

☆ Fact check: Trump falsely claims that appeals court said ‘you won’ the civil fraud case he lost
▼ + stars: | 2024-04-04 | by ( Daniel Dale | ) edition.cnn.com time to read: +6 min

I won the case, because I won it in the Appellate Division. …I won the case because it’s called statute of limitations. The appeals court never said he won the case. The cutoff date would’ve been February 6, 2016, for any defendants Engoron decided weren’t covered by the agreement.) After Trump wrongly claimed to reporters, following the first day of the trial, that “about 80% of the case is over” because of the appeals court ruling, Engoron said in court the next day: “This case arrived at the App.

Persons: Donald Trump, “, ” Trump, Letitia James, Arthur Engoron’s, Trump, …, it’s, ‘, ’ He’s, He’s, he’s, Ivanka Trump, general’s, Engoron, that’s, Rather, ”, Alan Garten, ” James ’, ” Engoron Organizations: Washington CNN, New, Division, Trump, Trump Organization, SFC Locations: New York, Wisconsin, ”

☆ NY uses obscure civil-practice law to demand a closer look at Trump's $175M appeal bond — and at its underwriter, Knight Specialty
▼ + stars: | 2024-04-04 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

The LA company that underwrote Trump's $175M appeal bond needs major vetting, NY says. Judge Arthur Engoron, who presided over Trump's civil fraud trial, gets final say over the bond. AdvertisementThe New York Attorney General's Office wants a closer look at Donald Trump's $175 million appeal bond. In a two-page court filing Thursday, state officials are giving Trump or his underwriters — the Knight Specialty Insurance Company — ten days to "justify," or prove the sufficiency of, the bond. Justifying was not necessary, for example, when Trump used insurance giant Chubb to post a $92 million bond last month for his E. Jean Carroll defamation appeal.

Persons: Arthur Engoron, —, General's, Donald Trump's, Letitia James, Knight, Don Hankey, Forbes, Trump, Chubb, Jean Carroll Organizations: Service, New York, Trump, Knight Specialty Insurance, New York's Department of Financial Services, GOP, Trump Organization, Associated Press, Knight Locations: Los Angeles, New York, New, Angeles, Manhattan

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The bond sets the money aside — untouchable by either Trump or state officials — while he appeals the case. James' office had pushed back against lowering the bond amount, arguing that should Trump lose on appeal, state officials would need to chase him for whatever money he owes. With the interest stacking up every day, he's betting pretty big on winning this appeal. If Trump loses his appeal, he and his associates will then owe the remaining amount, plus interest.

Persons: —, Donald Trump, Judge Arthur Engoron, Trump, Engoron's, Alina Habba, Letitia James, James Organizations: Service, Insurance Company, Business, Knight Insurance, Trump, Trump Organization Locations: New York, Manhattan, Los Angeles

☆ Fact check: Trump falsely claims, again, that he had to post bond to appeal civil fraud decision
▼ + stars: | 2024-04-02 | by ( Daniel Dale | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump has falsely claimed, again, that he had to post a bond in order to appeal a $454 million civil fraud judgment against him – and falsely claimed, again, that Judge Arthur Engoron did something unusual in forcing him to post a bond during the appeal process. Is a crooked New York Judge allowed to make you pay for the ‘privilege’ of appealing a wrongful & corrupt decision??? He was not required to post a bond in order to appeal Engoron’s ruling; he began the appeal process in February, more than a month before he posted the bond. And the requirement he actually faced – to post a bond to prevent collection during the appeal process – was not “a first” or some unusual requirement created by Engoron. In March, Trump falsely claimed this was an unprecedented Engoron requirement.

Persons: Donald Trump, –, Arthur Engoron, Trump, It’s, ” Trump, “ Engoron, ” Mitchell Epner, “ Donald Trump, Trump’s, Engoron, Epner, Letitia James, James Organizations: CNN, New York, New, NY, Trump Locations: New York State, New York, York

☆ ‘He really pushes the boundaries’: How Trump has challenged judges trying to rein him in
▼ + stars: | 2024-04-02 | by ( Jeremy Herb | Kara Scannell | ) edition.cnn.com time to read: +10 min

New York CNN —It took Donald Trump less than 24 hours to test the boundaries of Judge Juan Merchan’s gag order in his New York criminal trial. Inside the courtroom, Trump has been admonished and threatened with removal for being disruptive. Outside the courtroom, Trump has repeatedly railed against the charges he faces in front of cameras and attacked all of those involved on social media. Engoron issued a gag order on commentary about court staff that covered his clerk, fining Trump twice for breaking it. In the federal classified documents case, Trump has appeared several times before Judge Aileen Cannon, whom he appointed.

Persons: Donald Trump, Juan Merchan’s, Merchan, Trump, –, ”, Karen Friedman Agnifilo, He’s, “, they’re, Reggie Walton, CNN’s Kaitlan Collins, Judge Arthur Engoron, Letitia James, Engoron, fining Trump, slogged, he’d, Judge Lewis Kaplan, Jean Carroll, Kaplan, Elie Honig, ” Trump, Stormy Daniels, Daniels, Allen Weisselberg, Agnifilo, ” Agnifilo, ” ‘, Tanya Chutkan, ” Chutkan, he’s, Trump’s “, ” Merchan, Honig, CNN Trump, Aileen Cannon, Scott McAfee, Carroll, ” Kaplan, defaming Carroll, CNN’s Lauren Del Valle, Katelyn Polantz, Zachary Cohen Organizations: New, New York CNN, Trump –, CNN, Trump, Trump Organization, Georgia Locations: New York, Manhattan, Fulton County

☆ Trump posts $175 million bond in New York civil fraud case
▼ + stars: | 2024-04-01 | by ( Kara Scannell | Jeremy Herb | ) edition.cnn.com time to read: +2 min

CNN —Former President Donald Trump has posted a $175 million bond as he appeals the judgment against him in the New York civil fraud case brought by state Attorney General Letitia James. (Trump himself was ordered to pay $454 million; the $464 million includes the disgorgement for his adult sons Don Jr. and Eric.) That prompted James to take steps to prepare to seize Trump’s assets in the event Trump failed to post bond. When the 30-day deadline hit, however, the New York appeals court stepped in and lowered the bond to $175 million, giving Trump an additional 10 days. “As promised, President Trump has posted bond,” Trump attorney Alina Habba said in a statement.

Persons: Donald Trump, Letitia James, Trump’s, James, Trump, Don Jr, Eric, Judge Arthur Engoron, “, ” Trump, Alina Habba, Jean Carroll Organizations: CNN, Knight Specialty Insurance, Trump Locations: New York, California, York

CNN —A New York judge has imposed a gag order on Donald Trump, limiting the former president from making statements about potential witnesses in the criminal trial relating to hush money payments scheduled to begin next month. The order does not prevent Trump from talking about New York District Attorney Alvin Bragg, who is a public figure, or Merchan himself. Trump criticized Merchan, his daughter and one of Bragg’s prosecutors in the hours before Merchan issued his order. The district attorney’s office had requested the gag order last month to remain in place for the duration of the trial. In the civil fraud case last fall, Trump was twice fined for violating Judge Arthur Engoron’s gag order and making comments about the judge’s staff.

Persons: Donald Trump, Juan Merchan, Trump, Merchan, Michael Cohen, Stormy Daniels, Alvin Bragg, …, ” Merchan, reimbursements, Cohen, Daniels, denigrating, Arthur Engoron’s, ’ ” Merchan, “, Matthew Colangelo, Colangelo, General Merrick Garland’s, ” Trump’s, Bragg, Biden, ’, ” Trump Organizations: CNN, Trump, New York, Republican, New, Monday’s, Justice Department, Defendant, DOJ, Office, Democratic, Truth, Attorney Locations: York, New York, Washington , DC

☆ Opinion: Trump’s facing a legal one-two punch
▼ + stars: | 2024-03-25 | by ( Opinion Norman Eisen | Andrew Warren | ) edition.cnn.com time to read: +9 min

CNN —Contrary to the popular view that former President Donald Trump has successfully delayed accountability, this week he’s facing a one-two punch that has the potential to inflict lasting damage. Some say that this case, too, serves as an example of Trump’s success at delaying prosecution against him. On March 18, Trump’s lawyers told the court that it was a “practical impossibility” to secure such a large bond. The bottom line, however, is that the New York attorney general is likely going to continue putting liens on Trump’s properties. Whatever delays may be present in those jurisdictions, or in Florida’s Mar-a-Lago documents case, in New York the former president is facing serious hits.

Persons: Norman Eisen, Barack Obama’s, Andrew Warren, Donald Trump, Attorney Alvin Bragg, Letitia James, Norm Eisen, Bragg, Trump, Stormy Daniels, Daniels, Michael Cohen, –, Cohen, SDNY, Judge Juan Merchan, Donald , Jr, Eric, Judge Arthur Engoron, James, general’s Organizations: CNN, US Department of Justice, New, Manhattan, Attorney, New York, Trump, Andrew Warren State, US, Office, Southern, of, Trump Organization, Seven, NY, DC Locations: Hillsborough County , Florida, New York, of New York, Westchester County , NY, Springs, Manhattan, New York City, Saudi Arabia, Russia, Georgia, Florida’s Mar

☆ Donald Trump is just hours away from a $457 million deadline
▼ + stars: | 2024-03-25 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

Donald Trump faces a Monday deadline for paying a bond to New York state. The payment follows last month's verdict that Trump and his company inflated the value of assets. The NY attorney general may move to seize Trump's assets if he fails to pay in time. AdvertisementDonald Trump is hours away from a deadline to pay a $457 million bond to New York Attorney General Letitia James . Trump's debt rises daily by $111,984 in interest , meaning he owes New York state another $1 million every nine days.

Persons: Donald Trump, Trump, —, Letitia James, Judge Arthur Engoron Organizations: NY, Service, New York, Trump Organization, New York Times Locations: New York, New

☆ 'Shark Tank' host Kevin O'Leary says Trump losing his assets would deal 'collateral damage to the American brand'
▼ + stars: | 2024-03-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Kevin O'Leary said the threat of Donald Trump losing his New York assets is spooking investors. Speaking on Fox News on Friday, O'Leary said Trump should've been given more time to scrape up his $454 million bond. O'Leary said the idea that Trump's assets can be seized on such short notice has undermined the "American brand." AdvertisementEarlier this month, the former president successfully paid a $92 million bond as part of E. Jean Carroll's defamation case against him. Representatives for O'Leary, James' office, and Trump's campaign did not immediately respond to requests for comment sent outside regular hours by Business Insider.

Persons: Kevin O'Leary, Donald Trump, O'Leary, Trump, —, Letitia James, Donald Trump's, Laura Ingraham, Ingraham, " O'Leary, Judge Arthur Engoron, James, Justin Trudeau, who's, Trump's, Jean Carroll's Organizations: New, Fox News, Service, Conservative Party, United, Trump, Twitter, Business Locations: New York, American, York, America, Canadian, Canada, Ireland, United Arab Emirates, Westchester County

☆ Trump is just 3 weeks from becoming the first ex-president to go on trial
▼ + stars: | 2024-03-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Yet the moment that history is likely to remember most clearly unfolded in a Manhattan courtroom where Trump sat seething as a judge thwarted his latest delaying tactics and set a date for his hush money trial. Of course, it’s also possible that Trump could be acquitted in this criminal case. It is a mark of the depth of Trump’s legal hole that a reduced requirement to post a bond worth $175 million counts as a big win. Already clashing with another judgeTurning to Judge Juan Merchan, who took the gloss off of the ex-president’s day by scheduling the trial date, Trump issued another bitter complaint. Trump’s looming criminal trial presents a challenge and an opportunity for the Biden campaign.

Persons: Donald Trump staved, Trump, it’s, Stormy Daniels, isn’t, ” Trump, ”, he’d, he’ll, Arthur Engoron, Letitia James, “, Juan Merchan, Attorney Alvin Bragg, ” Ryan Goodman, CNN’s Erica Hill, Jack, Fani Willis, Willis, Aileen Cannon, Biden, Nikki Haley, she’s, Joe Biden, Trump’s, “ Donald Trump, James Singer, Donald Trump, –, Merchan, ” Merchan Organizations: CNN, Trump, New York, ”, Manhattan, Attorney, Department of Defense, Fulton, GOP, South Carolina Gov, Biden, Arab American, Israel, Engoron, Monday Locations: Manhattan, New York, Fulton County, Georgia, Lago, Florida, Trump, Atlanta, Michigan, Gaza, York

Seizing assets is a common legal option when someone doesn’t have the cash to pay a civil court penalty. In Trump’s case, potential targets could include such properties as his Trump Tower penthouse, aircraft, Wall Street office building or golf courses. Trump maintained on social media Friday that he has almost $500 million in cash but intends to use much of it on his presidential run. Engoron sided with the attorney general and ordered Trump to pay $355 million, plus interest that grows daily. Some co-defendants, including his sons and company executive vice presidents, Donald Trump Jr. and Eric Trump, were ordered to pay far smaller amounts.

Persons: Donald Trump, Letitia James, James, Trump, doesn’t, Arthur Engoron, Stewart Sterk, ”, Engoron, Donald Trump Jr, Eric Trump, what's, wouldn't Organizations: Trump, ABC, Cardozo School of Law, New, underwriters Locations: New York

☆ Here’s what happens if Trump can’t get a $464 million bond
▼ + stars: | 2024-03-24 | by ( Mark Morales | ) edition.cnn.com time to read: +8 min

Trump personally owes over $454 million stemming from the ruling made by Judge Arthur Engoron back in February. Here’s what happens if Trump can’t secure the bond:Seizing bank accounts and cashIn theory, officials can begin the complicated legal process of taking his assets, barring any other strategic legal maneuvering from state prosecutors and countering from Trump’s legal team. “They walk in and give it to the manager,” said Adam Pollock, a former assistant New York State Attorney General who now specializes in judgment enforcement at Pollock Cohen LLP. “The attorney general’s office is the largest firm in New York State, if you think about it as a law firm. That is really the end of the day, I think, for the Trump organization in New York,” Litman said.

Persons: Donald Trump’s, Trump, Judge Arthur Engoron, Eric, Donald Jr, Letitia James, they’ll, ”, Peter Katz, Marshall, Adam Pollock, Pollock Cohen, “, “ They’re, Alden B, Smith, Pollock, Pollack, ” Pollock, ” Smith, Tish James, Harry Litman, “ That’s, James “, ” Trump, Chris Kise, ” Kise, Jean Carroll, Litman, ” Litman Organizations: CNN, New York Attorney, Trump Organization, Eastern, of, New, New York City Sheriff, New York, Springs ., New York State, “, Trump Locations: York, New York City, New York, Westchester County, Briarcliff Manor, Springs, Lago, Florida, Mar

☆ Why this is a wild week for Trump even by his standards
▼ + stars: | 2024-03-24 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

But exemplifying the roller-coaster nature of his public career, Trump is also soon poised for a massive financial windfall. The case, related to payment to an adult film star ahead of the 2016 election, could lead to Trump being a convicted felon by November’s election. His legal team said last week the bond amount was a “practical impossibility” for Trump, whose wealth is tied up in skyscrapers and golf resorts. Trump’s legal team has also said he shouldn’t be required to sell assets to meet the deadline since doing so would create a fire sale devastating to his business. The White House has done its best not to comment on the case, to avoid giving Trump more political ammunition.

Persons: Donald Trump’s, impeachments, Trump, he’s, Joe Biden, It’s, Letitia James, Jean Carroll, James, subpoenaing Trump, –, litigator Mitchell Epner, ” Epner, Fredricka Whitfield, Biden, Arthur Engoron, ” Trump, Alexandria Ocasio, Cortez, Donald Trump, Juan Merchan, Michael Cohen, Trump’s, there’s Organizations: CNN, Trump, Republican Party, Trump Organization, New York, New, Biden White, , New York, Republican, ”, The New, The New York Democrat, Trump Media, Technology Group, Southern, of, White Locations: New York, Manhattan, Westchester County , New York, ,, Alexandria, “ State, The New York, of New York, Lago, America

☆ As Trump's $454 million fraud judgment deadline looms, son Eric gripes 'they want to bankrupt him'
▼ + stars: | 2024-03-24 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

"They're trying to deprive him of his cash, they want to bankrupt him, they want to hurt him so badly," Eric Trump told Fox News in an interview. Trump's son Eric, a co-defendant in the fraud case, accused Attorney General Letitia James on Sunday of trying to bankrupt his father with the judgment. Eric's complaint came days after news that James's office had registered the massive fraud judgment with the Westchester County, New York, county clerk's office. Donald Trump Jr. and Eric Trump have run their father's company since he was elected president in 2016. Losers in New York civil cases must routinely post an appeal bond or be liable for the judgments against them as they appeal a verdict.

Persons: Donald Trump, Morton, Barbara Mandel, Eric Trump, Donald Trump's, James, Eric, Letitia James, Donald Trump Jr, Arthur Engoron, Trump, Engoron Organizations: U.S, Center, Fox News, Trump Organization, Trump Locations: Palm Beach , Florida, York, Westchester County , New York, Trump's, Springs, Manhattan, New York

Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, October 25, 2023. A judge ordered Donald Trump's company Thursday to inform a court-appointed financial watchdog about any efforts to obtain an appeal bond. His lawyers have said that more than 30 surety companies rejected writing a bond for Trump because they would not accept real estate as collateral. Trump has asked the appeals court to pause the judgment from taking effect without having to secure a bond. In his order Thursday, Engoron told the Trump Organization it must tell its financial overseer, Barbara Jones, "in advance, of any efforts to secure surety bonds."

Persons: Donald Trump, Donald Trump's, Arthur Engoron's, Trump, Letitia James, Engoron, Barbara Jones Organizations: U.S, Trump Organization, Court, New, Trump Locations: New York, Manhattan, New York City

☆ Legal consequences are harsh and painful when they finally arrive in Trump’s orbit
▼ + stars: | 2024-03-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Multiple insurance firms have balked at Trump’s attempt to finance the bond based on the value of his real estate assets. As always with Trump, there is a legal front and a political one. His claims are inaccurate but appear to be politically effective among his supporters who revile political and legal elites in Washington. Therefore, there are good reasons why James – a Democrat – may seek other legal remedies to secure the judgment. Although his case is historic, Navarro is far from the only ex-Trump associate to serve time in jail.

Persons: Donald Trump, Peter Navarro, ’, readying, Trump, —, Trump’s, Andrew McCabe, CNN’s Wolf Blitzer, Judge Arthur Engoron, Letitia James, “, ” James, He’s, Jean Carroll, Joe Biden, Cohen, James, he’s, James –, Democrat –, Hunt, ” Trump, Navarro, Navarro Monday, John Roberts, Roberts, Barrett Prettyman, Anna Moneymaker, ”, Sam Mangel, ” Navarro, Paul Manafort, CNN’s Kristen Holmes, Manafort, Robert Mueller’s Organizations: CNN, Trump, Trump Organization, FBI, New York, ABC, Oval, GOP, Black, Democratic, White, Democrat, Republican, Getty, of Prisons, White House, Republican National Convention, Washington Post Locations: New York, Trump, Manhattan, Washington, United States, Washington , DC, Miami, Milwaukee, Robert Mueller’s Russia

☆ Trump’s New York properties may be on the chopping block soon
▼ + stars: | 2024-03-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —Former President Donald Trump doesn’t have the cash he needs to stop the state of New York from potentially seizing his assets. In a court filing Monday, Trump’s lawyers laid out the stark economic reality facing the leading Republican candidate for president. Trump’s lawyers, for their part, say the ruling is unprecedented and underwriters don’t write checks that big — even to billionaires. What could happen to Trump’s properties? James has made it clear she won’t hesitate to go after Trump’s properties if he doesn’t come up with the cash.

Persons: CNN Business ’, Donald Trump doesn’t, Arthur Engoron, Trump, Letitia James, underwriters don’t, James, “, ”, Temidayo Aganga, Williams, Selendy Gay, Judge Engoron, Jean Carroll, Banks, ” Aganga, they’re, who’d, Mitchell Epner, Rottenberg Lipman Rich, underwriters Trump, Engoron, ” Epner, Tish James Organizations: CNN Business, New York CNN, Republican, Trump, New York, underwriters, ABC, ABC News, Financial, Trump Organization, “, Forbes Locations: New York, York

Donald Trump cannot obtain a bond to secure the $454 million civil business fraud judgment against him as he pursues an appeal of the case, his attorneys said in a New York court filing Monday. Attorneys for Trump and his co-defendants in the fraud case argued that it was "impossible" for them to secure a complete appeal bond, which would "effectively" require "cash reserves approaching $1 billion." Trump in a deposition last year claimed to have "substantially in excess of $400 million in cash." But Monday's filing nevertheless asserted that obtaining a bond for the full $464 million judgment is unattainable. The defendants had previously offered to post a $100 million bond, less than one-fourth the total judgment, in order to pause James from collecting the penalties during the appeal process.

Persons: Donald Trump, Letitia James, Arthur Engoron, Trump, Gary Giulietti, Giuletti, Giulietti, Trump's, James, Anil Singh, Alina Habba, Chubb, Jean Carroll Organizations: U.S, New York, Trump, Division of Manhattan Supreme, Appeals, New York ., Lockton Companies, U.S . Treasury Department, Trump Organization Locations: New York City, New York, New York . Manhattan, York

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