Donald Trump still hasnāt posted bond in his New York civil fraud trial, but his lawyer Alina Habba wants you to know that itās definitely not because theyāre having trouble getting the massive amount together.
The former president was fined $354 million for committing real estateārelated fraud in New York. In order to appeal the decision, Trump must post a bond of the full amount plus interestāwhich has already reached nearly $467 million, with interest adding $112,000 per day.
When asked Wednesday if Trump was any closer to posting bond, Habba had a very clear answer that raised no red flags.
āYeah, no, unfortunately I canāt speak to that. Thatās privileged, and I am the attorney, one of the attorneys on that case,ā Habba told Fox News, stating the obvious.
She quickly pivoted to attacking the case altogether, calling the judgment āabsurdā and expressing hope that an appeals court would overturn it.
Nope. In 30 days or whatever it is now, if he doesnāt put it up. Chubb pays for him seizes whatever collateral was put up.
Itās probably his real estate because itās the only thing he has of significant value.
It is possible that Chubb didnāt cut him any favors and it really ājust isā business. If they took say 2x in collateral, depending on the contract, they could make quite a bit of bank on that deal- or whatever they figured it was overvalued by.
Chubb put up the appeals bond for his defamation trial.
This is talking about the appeals bond for his fraud trial. Chubb (currently) has no stake in that one and Trump (currently) hasnāt posted a bond for that. He has until March 25th to do so or else the state of New York is gonna be getting $400 million of new real estate.
And they wonāt use Trumpās fraudulent valuations, either.
Ah. Even simpler then. When it expires it goes to collections and the state starts seizing assets. Either wayā¦ thatās unlikely to not be resolved before heās the president.
My money is on this stalling being so the Truth Social merger goes through and he can loan against his stake there, that or sell shares. The preliminary valuation puts Trumps part of the post-merger company at up to $4 billion, which is absurd but also he does have an extremely specific demographic completely captured over there. Itās marketing gold for unscrupulous companies and niche stuff that wonāt ever sell to city Dems, like truck nuts and tacticool gear.
Six points for ātacticoolā. :)
Thereās an article which explains that the financial document says itāll take months for that bond to be valid and it has various ways to get out of the ābondā. Meaning, they were trying to get the judge to sign off on a bond which wasnāt a bond.
Her attorney caught it and had them change that. I couldnāt find anything that itās not a real bond? Can you link what you read?
https://www.msn.com/en-us/news/other/e-jean-carroll-s-lawyer-forces-donald-trump-to-change-his-bond/ar-BB1jI68i
https://abcnews.go.com/US/sides-ceo-company-guaranteed-trumps-92m-bond-tells/story?id=108087233