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☆ Trump cedes control of the cash collateral for his $175M civil-fraud bond under new agreement with NY officials
▼ + stars: | 2024-04-22 | by ( Laura Italiano | ) www.businessinsider.com time to read: +1 min

NY took Trump and his bond underwriters to court Monday, three buildings south of his criminal trial. The parties agreed to limit Trump's access to $175M collateralizing his civil fraud appeal bond. The NY Attorney General's Office had been concerned that Trump maintained some control of the cash. AdvertisementLawyers for Donald Trump and the New York Attorney General's Office struck a deal Monday that will now keep the GOP frontrunner from having any access to the cash collateral for his $175 million civil-fraud bond. The agreement reached in civil court in Manhattan essentially moves the all-cash collateral to a Trump-proof lockbox.

Persons: Trump, —, Donald Trump Organizations: NY, Trump, General's, Service, New York, Specialty Insurance, Business Locations: Manhattan

CNN —The first criminal trial of Donald Trump is officially underway. Prosecutors and Trump’s attorneys delivered opening statements and the first witness – a former National Enquirer publisher – was called Monday in the historic and unprecedented criminal trial of a former president. “The defendant Donald Trump orchestrated a criminal scheme to corrupt the 2016 presidential election,” said prosecutor Matthew Colangelo told jurors. At the hearing, Trump’s attorneys came to an agreement with the New York attorney general’s office on the terms of that $175 million bond. Trump’s attorneys representing him in the civil matter later stopped by the criminal trial and spoke to cameras in the hallway outside the courtroom where Trump sat at the defense table.

Persons: Donald Trump, –, Stormy Daniels, Trump, ” Trump, Judge Juan Merchan, ”, Matthew Colangelo, “, ” Colangelo, Cohen, David Pecker, Colangelo, it’s, Todd Blanche, “ Donald Trump, ” Blanche, he’s, Blanche didn’t, It’s, Blanche, Cohen’s, Trump ”, Trump’s, Michael Cohen, President Trump, He’s, Pecker, Karen McDougal –, Letitia James, James ’, ” Alina Habba, Merchan, Chris Conroy, Emil Bove Organizations: CNN, Prosecutors, National Enquirer, Trump, American Media Inc, Defense, AMI, Pecker’s AMI, New, Specialty Insurance Locations: New York

☆ Trump and Attorney General Agree on Minor Changes to $175 Million Bond
▼ + stars: | 2024-04-22 | by ( Matthew Haag | ) www.nytimes.com time to read: +1 min

The deal will keep the bond largely unchanged, with the $175 million in cash that Mr. Trump deposited as collateral remaining in a money-market account, while adding new terms stipulating that the $175 million must remain as cash, and not be transferred into mutual funds, for example. The dispute over the bond was overshadowed on Monday by the start of Mr. Trump’s criminal trial in another Lower Manhattan courthouse a few blocks away. The attorney general, Letitia James, accused Mr. Trump in the civil case of fraudulently inflating his net worth. After a monthslong trial last year, the judge in the case, Arthur F. Engoron, agreed and imposed the massive penalty. But subsequently, an appeals court lowered the judgment to $175 million while it considered Mr. Trump’s appeal of the ruling.

Persons: Donald J, Trump, Letitia James, Mr, Arthur F, Engoron Organizations: New, Knight Specialty Insurance Company Locations: New York, California, Lower Manhattan

☆ Will Trump testify? What he says and why it’s a risky bet
▼ + stars: | 2024-04-22 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

Video Ad Feedback Smerconish: Will Trump testify? While he is under no obligation to testify, Trump has promised he will. And the truth is that there’s no case, they have no case,” Trump said. When juries and a judge have seen Trump testify, he lostThe first Carroll trial jury in 2023 was played a videotape of Trump’s deposition by lawyers. Not a hush money case, but an election interference caseOne other key thing to note out of the prosecution’s opening statement is that they want to portray this case as an election interference case rather than a hush money case.

Persons: Donald Trump, Trump, Michael Cohen, National Enquirer David Pecker, Cohen, Pecker, Will Trump, I’m, ” Trump, Juan Merchan, Kara Scannell, Lauren del Valle, Jeremy Herb, E, Jean Carroll, ►, – Trump, Merchan, Hillary Clinton, Joey Jackson, Jackson, “, Jake Tapper, Will Scharf, Scharf, ”, ” Scharf, Carroll, Marla Maples, Read, Feedback Trump, Arthur Engoron, reimbursing Cohen, Stormy Daniels, Clifford, Daniels, … … …, CNN’s Paula Reid Organizations: CNN — Prosecutors, New, National Enquirer, Trump, CNN, Mar, Trump Organization, Prosecutors Locations: New York

AdvertisementDonald Trump enters his first criminal trial every day flanked by lawyers, court officers, Secret Service members, and political advisors. AdvertisementFormer President Donald Trump speaks alongside his wife, former first lady Melania Trump, during a rare joint appearance as they arrived to vote in Florida's primary election. Bederow explained that Melania Trump's courtroom support could be "potentially very powerful" given the salacious nature of the hush-money case against Trump. Danilewitz said Trump's defense team may have a different strategy in mind when it comes to Melania Trump. If Trump's family does decide to show up Monday, they might want to wear sweaters.

Persons: Donald Trump's, —, Donald Trump, Melania Trump, Giorgio Viera, Mark Bederow, Bederow, Melania, I'm, Trump, Stormy Daniels, Daniels, Jill Huntley Taylor, Huntley Taylor, they're, he's, Julia Vitullo, Martin, Trump's, it's, Sam Bankman, Fried, Ghislaine Maxwell, Jeffrey Epstein, Jane Rosenberg Melania Trump, Jean Carroll, Carroll, Justin Danilewitz, Brendan McDermid, Arthur Aidala, Rudy Giuliani, Harvey Weinstein, It's, That's, Aidala, Danilewitz, Todd Blanche, Susan Necheles, Emil Bove, Gedalia Stern —, Steven Cheung, Jason Miller, Margo Martin, Natalie Harp, Clifford Robert, Donald Trump ., Ivanka Trump, Eric Trump, Donald Trump Jr, Donald Jr Organizations: Service, Secret Service, Getty, Trump, Prosecutors, Vera Institute of Justice, REUTERS, AP, Former Brooklyn, New, Trump Organization, Melania Trump, New York Times Locations: Manhattan, New York

☆ 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

Asked for proof of his claim that Mr. Biden was personally directing the local cases against him, Mr. Trump pointed to purported ties between prosecutors and “Washington,” but provided no evidence that Mr. Biden had been involved in any of the hiring decisions, conversations or meetings that Mr. Trump cited. The writer E. Jean Carroll filed her first lawsuit against Mr. Trump in November 2019, accusing him of defamation. Faulty and irrelevant comparisonsWhat Mr. Trump Said“I got indicted more than Al Capone.”— in a rally in Ohio in MarchFalse. Mr. Hur described Mr. Biden as a “well-meaning, elderly man with a poor memory” who had “diminished faculties and faulty memory.” He did not declare Mr. Biden mentally incompetent to stand trial. Inaccurate attacks on judgesWhat Mr. Trump Said“Judge Juan Merchan is totally compromised, and should be removed from this TRUMP Non-Case immediately.

Persons: Donald J, Trump, President Biden, Trump’s, ”, Trump Said “ Biden, General Merrick B, Garland, Trump “, Biden, Mr, Doug Mills, Trump Said, Jack Smith, Merrick Garland’s, Fani Willis, Letitia James, Alvin L, Bragg, Matthew Colangelo, Colangelo, —, James’s, Colangelo’s, Bragg ramped, Willis, Willis — Nathan J, Wade, Ketanji Brown Jackson, Kamala Harris, Harris, Crooked Joe Biden, James, Jean Carroll, Smith, Brittainy Newman, Alexei Navalny, Navalny, Letitia James ’, Hunt, PolitiFact, Trump Said “, Al Capone, Capone, Brad Schwartz, Hillary, Bill, Bush, Reagan, Hillary Clinton, Clinton, Bill Clinton’s, Taylor Branch, Branch, “, Barack Obama, George W, Bill Clinton, George H.W, Ronald Reagan, Robert K, Hur, Biden’s, Juan Merchan, Loren, Loren Merchan, Merchan, Merchan’s, Justice Merchan, Ahmed Gaber, Arthur F, Justice Engoron, Engoron Organizations: New York, Democratic Party, Trump, Justice Department, The New York Times, The, White House, Trump . Credit, New York Times, American People, Biden Administration, Prosecutors, Mr, Manhattan, Washington, Fox News, New, Times, White, Counsel’s Office, Supreme, Black, Trump Organization, Democrat, Companies, Exxon Mobil, Trump Foundation, Trump University, Associated, National Archives, Records Administration, TRUMP, Twitter, Credit Locations: Manhattan, Georgia, Trump ., Washington, New York, “ Washington, Fulton County ,, Russian, New, Ohio, Fla, South Carolina, Trump’s Florida, Beach

CNN —If Donald Trump opts to testify at his New York criminal trial, Manhattan prosecutors want to use his past legal run-ins to discredit him to the jury. Prosecutors say they’ll want to question him about what they claim is false testimony he gave on the stand at that trial last November. The judge plans to hold a proceeding called a Sandoval hearing to rule on what’s fair fodder for prosecutors if Trump takes the stand in his defense later at trial. A Sandoval hearing is a common preliminary proceeding that reviews a defendant’s criminal history and looks at how much prosecutors can ask if a defendant testifies. “If for some reason we are fortunate and get done early on Friday, we will take up Sandoval at that time,” Merchan said.

Persons: Donald Trump, Trump, They’ll, Jean Carroll, Hillary Clinton, Donald J, Judge Juan Merchan, Sandoval, Merchan, ” Merchan Organizations: CNN, Manhattan, Office, New, Prosecutors, Trump Foundation, Trump Locations: York, Manhattan, New York

☆ Manhattan DA Alvin Bragg to face his toughest trial yet as Trump criminal case begins
▼ + stars: | 2024-04-15 | by ( Gregory Krieg | Kara Scannell | ) edition.cnn.com time to read: +11 min

“I’ve done a lot of cases that are considered no-win,” Bragg told CNN at the time, in December 2021. Though Bragg’s ambitions are widely considered to be less lofty than some of his predecessors, the Trump trial will likely write both his political future and legacy. Two months into office, Bragg was confronted by two senior attorneys leading the Trump investigation. When Bragg refused to authorize them to seek an indictment they abruptly and noisily resigned, putting additional pressure on the new district attorney. Trump eventually paid $2 million of his own money to a group of charities, and the foundation was dissolved.

Persons: Alvin Bragg, Donald Trump, “, ” Bragg, you’re, ’, ”, Bragg, indicting Trump, Trump, –, craven, Jim Jordan, Cy Vance Jr, Robert Morgenthau, Morgenthau, Vance, Charles Seymour Whitman, Thomas Dewey, Dewey, Eric Garner, Garner, Trump’s, Michael Cohen –, Stormy Daniels, Cohen, blitzed Bragg, Alina Habba, that’s, ” Trump, “ Alvin, I’m, Eric Adams, Adams, Donald J, Barbara Underwood, Judge Juan Merchan, Daniels Organizations: CNN, Ohio, White, Harvard, of, New, New York Law, Racial, Trump, Republican, Prosecutors, New York, “, New York City, NYPD, Trump Organization, Democratic, Trump Foundation Locations: Harlem, American, New York City, Black, New York, Southern, of New York, America

Donald Trump is in court for his first criminal trial. It is the grimy, hot, and poorly lit location of the first-ever criminal trial of a former US president. Monday marked the start of jury selection, presided over by Manhattan Supreme Court Justice Juan Merchan and expected to last up to two weeks. Just before the lunch break, Christopher Conroy, an assistant district attorney, accused Trump of violating the gag order. AdvertisementFormer President Donald Trump appears with his legal team at the start of jury selection in his criminal trial in New York City.

Persons: Donald Trump, Trump, —, Juan Merchan, Stormy Daniels, Daniels, Michael Cohen, Merchan, Attorney Alvin Bragg, Christopher Conroy, Conroy, Cohen, Stephanie Clifford, — Trump, Jabin, Melania Trump, Trump's, there's, Joe Biden, Jean Carroll, Lewis Kaplan, Jack Smith, Fani Willis Organizations: Service, Manhattan Supreme, Trump, Manhattan, Attorney, New, Yorkers, Republican, US, Trump Organization, Justice Locations: New York County, Manhattan, Merchan, New York, America, New York City, Jabin, Mar, Fulton County, Georgia

Donald Trump is in court for his first criminal trial. He stepped into Manhattan criminal court Monday morning, where jury selection will soon begin. It is the location of the first-ever criminal trial of a former US president. AdvertisementIn the hallway before walking into the courtroom, Trump criticized the case, telling journalists it was a "political persecution." Trump has been charged in three other criminal cases, none of which have firm trial dates yet.

Persons: Donald Trump, —, Trump, Todd Blanche, Juan Merchan, Stormy Daniels, Daniels, there's, Joe Biden, Merchan, Manhattan DA Alvin Bragg, Jean Carroll, Lewis Kaplan, Jack Smith, Fani Willis Organizations: Service, Manhattan, Republican, Manhattan DA, US, New, Trump Organization, Justice Locations: Manhattan, York County, America, Merchan, New York, Mar, Fulton County, Georgia

☆ Allen Weisselberg: Ex-Trump Org. CFO sentenced to 5 months in jail after testifying falsely
▼ + stars: | 2024-04-10 | by ( Kara Scannell | Nicki Brown | ) edition.cnn.com time to read: +3 min

CNN —Former Trump Organization CFO Allen Weisselberg, who admitted to testifying falsely in Donald Trump’s civil fraud case, was sentenced on Wednesday to five months in jail on perjury charges. Weisselberg also admitted to testifying falsely at the civil fraud trial last fall but that is not among the charges to which he pleaded guilty. As part of the plea deal, prosecutors agreed to recommend Weisselberg serve a sentence of five months in jail. It is the second guilty plea by Weisselberg, who in 2022 pleaded guilty to 15 counts of tax fraud and testified in the trial of two Trump Org. Weisselberg was central to the financial dealings but neither prosecutors nor Trump’s attorneys said they plan to call him as a witness.

Persons: Allen Weisselberg, Donald Trump’s, Weisselberg, wouldn’t, Trump, Michael Cohen, Stormy Daniels, Prosecutors, Cohen Organizations: CNN, Former Trump Organization, Trump Org, Manhattan, New, Trump Locations: New York

Allen H. Weisselberg, Donald J. Trump’s longtime financial lieutenant, was sentenced Wednesday to five months in the Rikers Island jail complex for perjury, capping a legal saga that has now landed him behind bars twice. Mr. Weisselberg was not charged in the same case as Mr. Trump, but he would not be headed to jail if not for his former boss’s own troubles: Prosecutors set their sights on Mr. Weisselberg after he refused to turn on Mr. Trump. Last month, Mr. Weisselberg, 76, pleaded guilty to two counts of perjury committed while he was being questioned in 2020 by the New York attorney general’s office, which was investigating Mr. Trump for fraud. In a brief and perfunctory appearance before the judge, Laurie Peterson, Mr. Weisselberg, wearing a dark jacket and a blue surgical mask, showed little emotion. When the judge asked if he wanted to say anything, he simply responded, “no, your honor.”

Persons: Allen H, Weisselberg, Donald J, Trump’s, Trump, Prosecutors, Laurie Peterson, “, ” Organizations: New Locations: Manhattan, New York

☆ Conservative activists reach $1 million settlement deal with New York AG for running a 2020 voter suppression campaign
▼ + stars: | 2024-04-09 | by ( Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —Conservative activists Jacob Wohl and Jack Burkman have agreed to pay $1 million to the New York attorney general’s office and others for running a voter suppression campaign targeting Black voters during the 2020 election. If the pair “fail to pay at least $105,000 by December 31, 2024, and do not address the failure to pay within 30 days, the amount will increase to $1.25 million,” James’ office said. “Wohl and Burkman orchestrated a depraved and disinformation-ridden campaign to intimidate Black voters in an attempt to sway the election in favor of their preferred candidate,” James said in a statement. In 2022, an Ohio judge ordered the two men to spend 500 hours registering low- and middle-income voters in the Washington, DC, area after authorities in Ohio accused them of running a voter suppression campaign in multiple states. Other criminal charges against Wohl and Burkman are pending in Michigan.

Persons: Jacob Wohl, Jack Burkman, Letitia James, James ’, ” James ’, “, Burkman, ” James, ”, David Schwartz, robocalls “, Wohl Organizations: CNN — Conservative, New, Black, ”, Wohl, National Coalition, “, Federal Communications Commission Locations: New York, Ohio, Washington, DC, Michigan

☆ New York Attorney General Questions Trump’s $175 Million Bond Deal
▼ + stars: | 2024-04-04 | by ( Ben Protess | Matthew Haag | ) www.nytimes.com time to read: +1 min

The New York attorney general’s office on Thursday took exception to a $175 million bond that Donald J. Trump recently posted in his civil fraud case, questioning the qualifications of the California company that provided it. The dispute stems from a $454 million judgment Mr. Trump is facing in the case, which the attorney general’s office brought against the former president and his family business. The attorney general, Letitia James, accused Mr. Trump of fraudulently inflating his net worth, leading to a monthslong trial last year that ended with a judge imposing the huge penalty. Mr. Trump appeared to stave off this calamity on Monday when he posted the $175 million bond from the California firm, Knight Specialty Insurance Company. Although he was originally required to secure a guarantee for the full $454 million judgment, an appeals court recently granted him a break, allowing him to post the smaller bond.

Persons: Donald J, Trump, Letitia James, Mr, James Organizations: New, Knight Specialty Insurance Locations: New York, California, York

☆ 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

☆ ‘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

☆ Why Civil Cases Have Been More Successful Against Donald Trump - The New York Times
▼ + stars: | 2024-04-01 | by ( David Lat | Zachary B. Shemtob | ) www.nytimes.com time to read: +2 min

For months now, the country has been riveted by the four criminal cases against Donald Trump: the New York state case involving hush-money payments to an adult film star, the federal case involving classified documents, the Georgia election-interference case and the federal election-interference case. The only case with a realistic shot of producing a verdict before the election, the New York case, involves relatively minor charges of falsifying business records that are unlikely to result in any significant prison time. It’s only the civil courts that have rendered judgments on Mr. Trump. For Trump opponents who want to see him behind bars, even a half-billion-dollar hit to his wallet might not carry the same satisfaction. Although not as heralded as the criminal cases against Mr. Trump, civil suits have proved effective in imposing some measure of accountability on him, in situations where criminal prosecution might be too delayed, divisive or damaging to the law.

Persons: Donald Trump, It’s, Trump, Letitia James, Jean Carroll, Jonathan Mahler Organizations: Mr, New, Trump Locations: New York, Georgia, York

☆ Trump’s Financial Squeeze
▼ + stars: | 2024-03-26 | by ( Maggie Haberman | ) www.nytimes.com time to read: +1 min

Donald Trump has 10 days to come up with a $175 million bond in his New York civil fraud case. After that, he may be on the hook for the full penalty in the case: almost half a billion dollars. The New York attorney general, Letitia James, sued Trump and the Trump Organization in 2022. She accused them of committing widespread fraud over a decade by inflating the values of properties, at times by as much as $2 billion a year. Trump has insisted that since his lenders weren’t stiffed, there were no victims, and that he considers the judgment corrupt.

Persons: Donald Trump, Letitia James, Trump, James, weren’t Organizations: New, Trump Organization Locations: New York

☆ 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

☆ Trump Dodged Financial Ruin, but Failed to Delay His Trial
▼ + stars: | 2024-03-25 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

The judges gave Trump 10 days to secure a much smaller $175 million bond. Instead, his payment of the smaller bond will prevent the New York attorney general from seizing his assets while his appeal is heard, which could take months. Two people with knowledge of Trump’s finances said that he should be able to post a $175 million bond, but it would drain much of his cash. It may help that Trump’s social media company will begin publicly trading tomorrow, effectively boosting his net worth by billions. A judge denied his lawyers’ attempts to continue delaying the proceedings, and officially scheduled the trial to begin on April 15.

Persons: Donald Trump, ’ Organizations: Trump, New, Manhattan Locations: New York

☆ Trump Can Post Smaller Bond in Civil Fraud Case, Court Rules
▼ + stars: | 2024-03-25 | by ( Ben Protess | William K. Rashbaum | ) www.nytimes.com time to read: +1 min

With Donald J. Trump on the clock to secure a nearly half-billion-dollar bond in his civil fraud case, a New York appeals court appears to have handed the former president a lifeline on Monday, saying it would accept a far smaller bond of $175 million. The ruling by a five-judge panel of appellate court judges was a crucial and unexpected victory for the former president, potentially staving off a looming financial disaster. Had the court denied his request — and had he failed to obtain the full bond — Mr. Trump risked of losing control over his bank accounts and, eventually, even some of his marquee properties. If Mr. Trump obtains the smaller bond, it would prevent the New York attorney general’s office, which brought the case accusing him of fraudulently inflating his net worth, from collecting while Mr. Trump appeals the $454 million judgment imposed by a trial judge. Mr. Trump has 10 days to secure the bond, and two people with knowledge of his finances said he should be able to do so by then.

Persons: Donald J, Trump Organizations: New Locations: New York

☆ 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

☆ 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

☆ Trump's lawyers dance for him when he's in the courtroom. At a criminal trial, that could torpedo his chances of winning.
▼ + stars: | 2024-03-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +15 min

And at a criminal trial, causing a ruckus can bring its own consequences. In a criminal trial, Trump, along with his eager-to-please lawyers, must attend every day. he quipped in response to an argument from one of Trump's lawyers. Technically, Trump faces a maximum of four years in prison for each count he's charged with in his criminal case. The criminal trial will give Trump a chance to hold multiple campaign-boosting rallies before the hallway cameras each day.

Persons: —, Donald Trump, they're, Trump, he's, Jean Carroll, Juan Merchan, Carroll, Roberta Kaplan, Carroll's, Arthur Engoron, shrewdly, TIMOTHY A, CLARY, Stormy Daniels, Melania Trump, Kaplan, Eliza Orlins, Orlins, there's, Susan Necheles, Steven Hirsch, Maggie Haberman's, huff, Lewis Kaplan, Alina Habba, Randy Zelin, they've, Engoron, Letitia James of, York —, Kaplan quizzed, Merchan, He's, Donald Trump's, Seth Wenig Merchan, Prosecutors, Zelin, OJ, I'm Organizations: Service, Secret Service, Business, Trump, New York, sophistry, Attorneys, Getty, Manhattan Criminal, Trump Organization, New York Times, Truth, New, AP, Merchan Locations: Manhattan, New York, New York City, Brooklyn, York, America, U.S, Trump

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