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☆ Chubb ended Trump fraud bond talks after backing E. Jean Carroll appeal bond, court filing says
▼ + stars: | 2024-03-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump arrives for the start of his civil fraud trial at New York State Supreme Court on October 02, 2023 in New York City. Chubb was one of more than 30 companies that refused to craft a bond that would put the massive business fraud judgment on pause, attorneys for Trump said in a New York appeals court filing Monday. Appeal bonds aim to prevent the loser of a court judgment from using the appeals process to delay or avoid paying their penalties. But "within the past week," he said, Chubb reversed course and "notified Defendants that it could not accept real property as collateral." "Though disappointing, this decision was not surprising given that Chubb was the only surety willing to even consider accepting real estate as collateral," Garten said.

Persons: Donald Trump, Chubb, Trump, Letitia James, James, Alan Garten, Warren Buffett's Berkshire, —, Garten Organizations: U.S, New York, Court, Trump, New, Trump Organization, Warren Buffett's Berkshire Hathaway, Liberty Mutual, Allianz Locations: New York City, New York

☆ 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

☆ Uber: Taxi drivers in Australia win $179 million from ride-sharing giant
▼ + stars: | 2024-03-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Uber will pay more than 8,000 taxi and hire car drivers in Australia almost 272 million Australian dollars ($179 million) in compensation for losses they suffered after the ride-sharing giant entered the country in 2012, lawyers representing the drivers said Monday. It has also made “significant contributions to various state-level taxi compensation schemes” in Australia since 2018, according to the company. Uber now teams up with taxi drivers in many countries. “This caused loss of income to authorized taxi drivers and operators, and hire car operators. In a statement on its website, Uber Australia said ride-sharing regulations did not exist anywhere in the world when it launched more than a decade ago.

Persons: London CNN — Uber, Maurice Blackburn, Uber, ” Maurice Blackburn, “, ” Uber, —, ”, Elizabeth O’Shea, Letitia James, Lyft, Dhruv Tikekar Organizations: London CNN, Maurice Blackburn Lawyers, New York Locations: Australia, — Victoria, New South Wales, Queensland, Western Australia, United States, United Kingdom, York

☆ Trump Spurned by 30 Companies as He Seeks Bond in $454 Million Judgment
▼ + stars: | 2024-03-18 | by ( Ben Protess | More About Ben Protess | ) www.nytimes.com time to read: +1 min

Donald J. Trump’s lawyers disclosed on Monday that he had failed to secure a roughly half-billion dollar bond in his civil fraud case in New York, arguing that doing so was “a practical impossibility.”The filing, coming one week before the bond is due, raised the prospect that the former president might face a financial crisis unless an appeals court comes to his rescue. Mr. Trump has asked the appeals court to pause the $454 million judgment that a New York judge imposed on Mr. Trump last month, or accept a bond of only $100 million. The former president has been unable to secure the full bond, his lawyers said in the court filing on Monday, despite “diligent efforts.” Those efforts included approaching about 30 companies, and yet, they said, he has encountered “insurmountable difficulties.”The judge in the civil fraud case, Arthur F. Engoron, levied the penalty and other punishments on Mr. Trump after concluding that he had fraudulently inflated his net worth to obtain favorable loans and other benefits. The case, brought by the New York attorney general, Letitia James, has posed a grave financial threat to Mr. Trump.

Persons: Donald J, Trump, ”, Arthur F, Letitia James Organizations: Mr, New Locations: New York

☆ Trump cries poverty, again, in 5,000-page NY fraud case filing — saying he can't foot $456M appeal bond
▼ + stars: | 2024-03-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

Trump's latest "I can't pay" comes one week before a deadline in his NY civil fraud judgment. Trump can't afford to buy a $456M appeal bond, his lawyers say. Read Trump's filing here. Related storiesTrump has approached "about 30 surety companies through 4 separate brokers," in hopes of fulfilling "an impossible bond requirement," it says. "A bond requirement of this enormous magnitude — effectively requiring cash reserves approaching $1 billion, is unprecedented for a private company," it says.

Persons: Trump, —, Donald Trump, Read, Allen Weisselberg, Letitia James, James, Arthur Engoron Organizations: Service, Trump Locations: New York, Manhattan

☆ What's up with Trump and Chubb? Insurance giant balks at underwriting fraud-case bond days after blowback from E. Jean Carroll bond
▼ + stars: | 2024-03-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Ten days ago, Chubb underwrote Trump's $92 million bond for his E. Jean Carroll defamation appeal. But Chubb declined to handle the far higher appeal bond Trump now needs in his NY civil fraud case. The insurance giant had faced blowback after agreeing to the Carroll bond. Chubb's "no, thanks" comes just five days after the company's CEO, Evan Greenberg, sent a letter to brokers, clients, and investors addressing widespread criticism over the Carroll bond. The Carroll bond was underwritten by Chubb subsidiary Federal Insurance Company.

Persons: Chubb, Trump's, Jean Carroll, Trump, Carroll, —, Donald Trump's E, Evan Greenberg, Greenberg, Nick Newton, Newton, Neil Pederson, Pedersen, it's, Letitia James, James, Alan Garten Organizations: Service, GOP, Trump, Insurance, Business, Chubb, Insurance Company, National Association, Bond, Sons, New York, Trump Organization Locations: New York, York, AssuredPartners, Manhattan

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

☆ Behind Trump's campaign cash crunch: Small-dollar donor fatigue, major donor hesitation
▼ + stars: | 2024-03-18 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

The drop in Trump's small-dollar contributors could be significant obstacle as the former president faces the well-funded incumbent president, Democrat Joe Biden. Falling behind BidenEvidence from earlier in the 2024 election cycle already hinted at an erosion of Trump's small-dollar donor base, or support of $200 or less. In January of this year, Trump's campaign reported raising around $3 million from small-dollar donors, according to data from OpenSecrets. Elizabeth Frantz | ReutersMeanwhile, Trump's campaign told The New York Times that February was its strongest month so far in the 2024 campaign cycle for small-dollar donations. Between Jan. 1 and Dec. 31, 2020, Trump's campaign raised over $264 million from small-dollar supporters.

Persons: Donald Trump, Marco Bello, Reuters Donald Trump's, Joe Biden, Biden, Trump's, Elizabeth Frantz, Trump, Shannon Stapleton, John Paulson, Howard Lutnick, Letitia James, Steve Schwarzman, Miriam Adelson, Denise Truscello, Stephen Louro, Long, Louro, Greg Abbott, Elise Stefanik, Haley, Nikki Haley, MAGA, Adrienne Arsht, Mike Segar, Paul Singer, Singer, Paul Singer David A, Singer's, Lara Trump, Jonathan Drake Organizations: Reuters, White, Republican Party, Federal, Commission, U.S, Capitol, Washington , D.C, New York Times, CNBC, Trump, Republican National Committee, RNC, New York, Court, Trump Organization, AFP, Getty, PAC, Democrats, Blackstone, Cleveland Clinic Lou, Brain Health, MGM, Garden, Hamptons, Republican, New York Republican, Republican Texas Gov, South Carolina Gov, Former South Carolina, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, Republicans, Haley, Grogan, American Opportunity Alliance, Politico, North, North Carolina GOP Locations: Lago, Palm Beach , Florida, U.S, Washington ,, New York City, Las Vegas , Nevada, York, Former, Miami , Florida, Houston, New York, North Carolina, Greenville , North Carolina

☆ Trump tried to move assets to Florida, NY officials complain in fraud-judgment filing
▼ + stars: | 2024-03-12 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

But officials say he recently tried to change the addresses for major assets from NY to Florida. AdvertisementDonald Trump tried — but failed — to switch the addresses of key assets from Trump Tower in New York to Florida, officials with the state attorney general's office said in their latest civil fraud case filing. Trump attempted to switch the Trump Tower addresses of several key assets to new addreses in Florida, state officials allege. AdvertisementFinally, Trump's lawyers claimed the "proper address" for Trump Tower in Chicago — another defendant in the fraud case — is Trump's Jupiter, Florida golf course, rather than Trump Tower in New York. In his final judgment, dated February 22, the judge uses the Manhattan Trump Tower address for all six of these defendants — not the Florida addresses Trump claimed.

Persons: Trump, —, Donald Trump, general's, Letitia James, Trump's, he's, James, Arthur Engoron, Clifford S, Robert, Donald J, Engoron, E, Jean Carroll Organizations: Service, Trump, Business, New York Attorney, Trump Revocable Trust, Trump Organization, Trump National Golf, Trump's, Post, Trump Tower, Manhattan Trump Locations: NY, Florida, New York, Manhattan, York, West Palm, Jupiter , Florida, Trump's Miami, Washington ,, Trump, Chicago

☆ New York AG questions Trump cash reserves as $464 million judgment looms
▼ + stars: | 2024-03-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former President Donald Trump has not shown that he has enough cash to cover the full amount of a $464 million civil fraud judgment if he loses his appeal, New York's chief law officer warned in a court filing Monday evening. "Defendants have never demonstrated that Mr. Trump's liquid assets—which may fluctuate over time—will be enough to satisfy the full amount of this judgment following appeal," James told a New York appeals court. Without a full bond, the civil fraud defendants — Trump, his two adult sons, his company and its top executives — might also try to "evade" or exacerbate enforcement of the judgment if they lose the appeal, James warned. She urged the appeals court to reject Trump's bid to stay the judgment with a $100 million bond, less than a quarter of the total amount awarded by Manhattan Supreme Court Judge Arthur Engoron. Attorneys for Trump did not immediately respond to CNBC's request for comment on James' filing.

Persons: Donald Trump, Letitia James, Trump, James, E, Jean Carroll, — Trump, —, Arthur Engoron Organizations: U.S, Trump Organization, New York, Manhattan, Trump Locations: Manhattan, New York City, U.S, York

☆ After Letitia James Wins Big in Courtrooms, She Celebrates in Public
▼ + stars: | 2024-03-10 | by ( Jesse Mckinley | ) www.nytimes.com time to read: +1 min

This has been a very good year for Letitia James. Over the past month, Ms. James, New York’s attorney general, has racked up hard-fought victories over two formidable opponents. First, in mid-February, her office won a staggering $454 million judgment against former President Donald J. Trump in a civil fraud trial stemming from accusations that he had inflated his net worth. A week later, Ms. James, a Democrat, prevailed again, this time against the National Rifle Association and its longtime leader, Wayne LaPierre, who was found personally liable for more than $5 million in misused funds. Ms. James, who won a second term handily in 2022, is seemingly reveling in her reputation as an antagonist of right-wing political figures, some of whom have reacted to her public pronouncements with fury.

Persons: Letitia James, James, Donald J, Trump, Wayne LaPierre, Nick Suplina Organizations: National Rifle Association, Safety Locations: James , New

☆ Out of options, Trump will pay $500M cash bond to appeal his NY fraud case, experts predict. Not paying will hurt even more.
▼ + stars: | 2024-03-09 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Trump must stow $500M cash in a bank to cover the appeal bond for his NY fraud case, experts say. His next appeal bond will cost him far more. By posting another appeal bond. Similar to the more familiar jail bond, an appeal bond is a promise of payment that's backed by collateral, meaning cash or property. The premium on a half-billion-dollar appeal bond could run anywhere from $250,000 to north of one million dollars, just to purchase the bond, experts guestimated.

Persons: Trump, —, Donald Trump, Jean Carroll, Letitia James —, Sheriff, Eric Snyder, Snyder, Arthur Engoron, Wilk Auslander, He's, Julie Alleyne, Carroll, Chubb, Evan G, Greenberg, Neil Pedersen, Pedersen, Alleyne, Cash, Jeff Bezos, Elon Musk, Christopher Kise, — Chubb, Letitia James, James, Roy Rochlin, Justin Sullivan Organizations: stow, Service, Trump, New York, New, NRA, Fox, Wilk, Fidelity Association of America, Federal Insurance Company, Chubb Group, Sons, Forbes, Bloomberg, ABC, Midtown, Financial, Getty Locations: NY, Manhattan, New York, New York City, Americas, Midtown Manhattan, New Yorkers

A New York judge on Thursday rejected a bid by Donald Trump to delay a $83.3 million civil defamation judgment in favor of writer E. Jean Carroll. Trump had asked Manhattan federal court Judge Lewis Kaplan to pause the latest Carroll case judgment until after he rules on post-trial motions. He later posted $5.6 million in cash as collateral while he appealed the jury verdict ordering him to pay her $5 million in that case. Trump last month was ordered by a state court judge to pay a $454 million judgment in a civil business fraud lawsuit filed by New York Attorney General Letitia James. But that soon could change if an appeals court declines to stay the judgment.

Persons: Donald Trump, E, Jean Carroll, Carroll, Trump, Lewis Kaplan, Alina Habba, Kaplan, Steven Cheung, Cheung, Zak Sawyer, Goodman, Letitia James Organizations: Greensboro Coliseum, Trump, Republican, Circuit, White, New York Locations: Greensboro , North Carolina, A, York, New York, Manhattan

ALBANY, N.Y. (AP) — A federal judge on Wednesday permanently banned a Florida gun retailer from selling or delivering certain gun parts in New York that officials say can be used to assemble untraceable ghost guns and sold without background checks. It also found that the retailer made at least $3.9 million in illegal profits and would likely continue to violate local, state, and federal laws. The retailer is permanently barred from selling, delivering, or giving away any unfinished frames or receivers in the state of New York, according to the judgment. Indie Guns, which advertises some of its products on its website as “UNSERIALIZED UNREGISTERED UNTRACABLE,” must also pay approximately $7.8 million to the state. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

Persons: Jesse Furman, Letitia James, James, negligently, ”, Lawrence Destefano, ___ Maysoon Khan Organizations: —, New York, Indie Guns, Indie, Associated Press, America Statehouse News Initiative, America Locations: ALBANY, N.Y, Florida, New York, Manhattan, Yorkers

☆ 'Clean' property, private lenders could be Trump's best option to get $540 million for legal judgments
▼ + stars: | 2024-03-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

A more important factor could be whether Trump's real estate assets are already mortgaged, said law professor John Coffee. "He would have to come up with clean real estate property that is not already securing something that some other bank has a lien on," Coffee said. Michele Eve Sandberg | AFP | Getty ImagesIn New York City, the value of Trump's real estate holdings totals $690 million, according to a September 2023 estimate by Forbes. New York Attorney General Letitia James, who brought the fraud case, said she would seize Trump's real estate assets if he cannot pay his civil penalty. They instead offered to post a $100 million bond, but New York appeals court Judge Anil Singh rejected the proposal.

Persons: Donald Trump, Justin Sullivan, Trump, Jeff Bezos, Elon Musk, Chris Kise, haven't, Eric Talley, Talley, Alina Habba, Jean Carroll’s, Carroll, Jane Rosenberg, John Coffee, Jones, Michele Eve Sandberg, Letitia James, Anil Singh, Jean Carroll's, Neil Pedersen, Pedersen, Caitlin Ochs Organizations: Fox News, Greenville Convention Center, Getty, Columbia University, Trump, Manhattan Federal, Trump Organization, Trump National Doral, AFP, Forbes, New York, New, Sons, CNBC Locations: Greenville, Greenville , South Carolina, New York, New York City, Trump National Doral Miami, Miami , Florida, York, Manhattan, New York City , New York, U.S

☆ Ex-Trump Org finance chief Allen Weisselberg to plead guilty to perjury
▼ + stars: | 2024-03-04 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former CFO Allen Weisselberg leaves the courtroom for a lunch recess during a trial at the New York Supreme Court on November 17, 2022 in New York City. Former Trump Organization chief financial officer Allen Weisselberg is expected to plead guilty to perjury charges on Monday related to the testimony he gave in the New York civil fraud trial of Donald Trump and his company, NBC News reported. An attorney for Weisselberg and spokespeople for the DA's office did not immediately reply to CNBC's request for comment. The New York Times reported in early February that Weisselberg was in negotiations to plead guilty to lying on the witness stand in the Trump business fraud lawsuit brought by New York Attorney General Letitia James. Weisselberg has already pleaded guilty once in connection with his work for the Trump Organization.

Persons: Allen Weisselberg, Donald Trump, Weisselberg, Trump, Letitia James ., Arthur Engoron Organizations: New York Supreme, Former Trump Organization, NBC News, Manhattan District, NBC, Weisselberg, New York Times, New York, Letitia James . Manhattan, Times, Trump Organization, Manhattan Locations: New York City, New York

Allen H. Weisselberg, a longtime lieutenant to former President Donald J. Trump, has reached an agreement with Manhattan prosecutors to plead guilty to perjury charges on Monday, according to people with knowledge of the matter. Yet Mr. Weisselberg, who for years has remained steadfastly loyal to Mr. Trump in the face of intense prosecutorial pressure, is not expected to implicate his former boss. Mr. Weisselberg, 76, is now expected to concede that he lied to investigators from the New York attorney general’s office when they were investigating Mr. Trump for fraud. The attorney general, Letitia James, had accused Mr. Trump of wildly inflating his net worth to obtain favorable loans and other benefits. That civil case recently ended with a judge imposing a huge financial penalty on the former president — more than $450 million with interest.

Persons: Allen H, Donald J, Trump, Weisselberg, Letitia James, — Organizations: New Locations: Manhattan, New York

☆ Think your interest costs are high? Donald Trump now owes $1M more in interest on his NY fraud trial judgment.
▼ + stars: | 2024-03-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Under last month's fraud trial judgment, Trump's debt to NY rises by $111,984 in interest per day. Under the final fraud trial judgment, the GOP frontrunner's debt to New York state rises daily by $111,984 in interest. That means every 9 days, Trump owes the state another $1 million in interest. On that same day, the total Trump owes New York will tick up by another $1 million, to $456 million. Former Trump Organization CEO Allen Weisselberg owes $1 million; interest is adding $272 to his total every day.

Persons: —, Donald Trump, Trump, Arthur Engoron, Engoron, Donald Trump’s, UqZ85lGILh, Mike Sisak, ingle, ong, ike, J r., ric, wes Organizations: Service, they're, GOP, Mike Sisak 🗒️, ust, tate Locations: New York

Donald J. Trump was minutes away from being grilled under oath by the New York attorney general and he was itching to talk. But his lawyer at the time, Ronald P. Fischetti, directed Mr. Trump to keep quiet. Mr. Fischetti warned Mr. Trump that he was risking perjury charges, and that he would come to regret it. Over the past year, he was indicted four times and faced three civil trials. And as the former president’s first criminal trial approaches on March 25, it has become clear — as it was to Mr. Fischetti — that the single person who poses the greatest danger to Donald J. Trump may just be Donald J. Trump.

Persons: Donald J, Trump, Ronald P, Letitia James, Fischetti Organizations: New, Trump Locations: New York

A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA. A Harvard Business School graduate tricked his fellow alumni and associates into investing at least $2.9 million in a Ponzi scheme he ran, New York Attorney General Letitia James said Thursday. Artamonov allegedly lured at least 29 investors into the scheme, most of whom he met through his connections to the elite college, the attorney general said. "Vladimir Artamonov used his alumnus status from Harvard Business School to prey on his classmates and others while seeming legitimate and dependable. Harvard Business School did not immediately respond to a request for comment.

Persons: Letitia James, James, Vladimir Artamonov, Berkshire Hathaway, Artamonov, Artamonov's, fraudsters Organizations: Baker Library, Bloomberg Center, Harvard Business School, New York, Finance Locations: Allston , MA, Berkshire, Manhattan

Staff members who came into contact with the substance were isolated while emergency services tested the powder, spokesperson Al Baker said. That amount includes the $354 million penalty against Trump and his company, as well as nearly $100 million in pre-judgment interest. Engoran's verdict also bans Trump from operating a New York business for three years, jeopardizing Trump's role in his own business empire. AdvertisementA spokesperson for Trump Jr. told the outlet that the test results came back inconclusive, but officials did not believe the substance was deadly. His top law clerk, Allison Greenfield, had also been the subject of numerous antisemitic and sexist threats from Trump supporters during the trial.

Persons: —, Donald Trump's, Arthur Engoron, Al Baker, Engoron, Baker, Trump, Letitia James, James, Allen Weisselberg, Donald Trump Jr, Eric Trump, Weisselberg, jeopardizing, Trump's, Allison Greenfield Organizations: Service, The Trump Organization, New York, Unified Court System, Business, Staff, Trump, Trump Organization, ABC, Trump Jr Locations: York, New York, Florida

☆ Trump seeks to post $100 million bond in fraud appeal, fraction of total judgement
▼ + stars: | 2024-02-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Attorneys for Donald Trump on Wednesday said the former president and his co-defendants plan to post a $100 million bond to pause enforcement of their civil fraud judgment — though that is just a fraction of the total amount that they have been ordered to pay. To secure a "complete" appeal bond — which could cost more than $550 million — would be "impossible," the defense lawyers wrote in a court filing to the appellate division of Manhattan Supreme Court. Engoron ordered the defendants to pay a total of $464.6 million in fines and interest. Trump's total was more than $454 million, which includes more than $98 million in pre-judgment interest. In this case, the bond could be worth upwards of $550 million.

Persons: Donald Trump, Trump, Letitia James, James, Arthur Engoron's, Engoron Organizations: New York, Court, Manhattan Supreme, Trump Locations: New York City, Manhattan, New York

☆ Trump wants a 78% discount on his bond while he appeals the massive $454 million judgment against him
▼ + stars: | 2024-02-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Donald Trump offered to post a $100 million bond as he appeals his fraud trial loss. The judgment against him, the Trump Organization, and other executives stands at $454 million. That would be a 78% discount on the $454 million judgment Trump, his company, and others owe after his court loss. Trump could put up the money in cash, or he could obtain a bond through a licensed bond company and offer some of his own assets as collateral. A recent Bloomberg analysis found that Trump had about $600 million in combined liquid assets, which includes cash and stocks.

Persons: Donald Trump, —, he's, general's, Trump, Arthur Engoron, Engoron, Letitia James, Jean Carroll, Mark Zauderer, New York litigator, Dorf, Zauderer Organizations: Trump Organization, Service, New, Trump, The New York Times, Bloomberg, Truth Locations: New York, Manhattan

☆ Trump appeals New York civil fraud verdict
▼ + stars: | 2024-02-26 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump speaks after arriving for his civil business fraud trial in New York State Supreme Court on December 7, 2023 in New York City. Former President Donald Trump on Monday filed a notice of appeal of the New York civil judgment finding him liable for fraudulently inflating his net worth on years of financial statements. Trump's co-defendants, including Eric Trump, Donald Trump Jr., a slew of Trump Organization entities and two of its executives, joined Monday's appeals. The notices do not indicate that Trump has secured an appeal bond, which is required in order to pause the judgment from being enforced. Trump is running for president as he challenges civil judgments totaling well over half a billion dollars in fines.

Persons: Donald Trump, Judge Arthur Engoron, Trump, Engoron, Letitia James, Trump's, Eric Trump, Donald Trump Jr, Joe Biden Organizations: U.S, Court, New, Trump, New York, Trump Organization Locations: New York, New York City

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