knapplc Posted April 8 Share Posted April 8 Looks like the guy who offered to cover Orange Man Bad's bond isn't able to produce proper assurance of liquidity. Letitia James to Begin Claiming Donald Trump's Properties: Lawyer An insurance company will not be permitted to post a $175 million bond for Donald Trump while he appeals a fraud judgment, a former federal prosecutor has said. Eric Lisann was reacting to a separate comment by another lawyer, Dave Kingman, who wrote that Knight Specialty Insurance will not be able to post the bond for Trump. Kingman wrote that, as a result, New York Attorney General Letitia James will be able to begin enforcement proceedings on Donald Trump's properties. A New York court has rejected Knight Specialty's paperwork and said it wanted to see more information on its financial backing. The company filed new paperwork on April 4. Trump must post the $175 million bond to prevent James from beginning enforcement proceedings after a judge fined the former president $454 million in February for fraudulently inflating the value of his assets. Writing on X, formerly Twitter, one-time federal prosecutor Lisann wrote that Knight Speciality might not be able to post the bond for Trump and will be liable for the full amount because it had given a guarantee to the court. "Looks like there is a real possibility that this Don Hankey-owned Knight Specialty Insurance does not itself have liquidity, and did not get from Trump collateral, sufficient to provide legally cognizable assurance that it can pay $175 million on demand in the event of a judgment-affirming appeal," he said. "But the Trumpian part is that even though, or perhaps because, it may be part of a Trump scam, Knight now too may be on the hook for $175 million as it won't automatically get out from underneath its own proffered surety." Hankey, a billionaire, has already said that his company will be able to post the money for Trump. He was reacting to a comment on X by lawyer Dave Kingman, who wrote that Knight will not be able to post the $175 million. "Understand that Knight Specialty has a problem. This bond cannot be approved. Under the CPLR [Civil Practice Laws and Rules] the surety will remain obligated under the bond until a replacement bond is filed. Trump is unlikely to get a replacement bond. Knight Spec will be liable AND Trump won't have a stay [on enforcement]," he wrote. sadtrombone.mp3 1 Link to comment
TGHusker Posted April 8 Share Posted April 8 9 minutes ago, knapplc said: Looks like the guy who offered to cover Orange Man Bad's bond isn't able to produce proper assurance of liquidity. Letitia James to Begin Claiming Donald Trump's Properties: Lawyer An insurance company will not be permitted to post a $175 million bond for Donald Trump while he appeals a fraud judgment, a former federal prosecutor has said. Eric Lisann was reacting to a separate comment by another lawyer, Dave Kingman, who wrote that Knight Specialty Insurance will not be able to post the bond for Trump. Kingman wrote that, as a result, New York Attorney General Letitia James will be able to begin enforcement proceedings on Donald Trump's properties. A New York court has rejected Knight Specialty's paperwork and said it wanted to see more information on its financial backing. The company filed new paperwork on April 4. Trump must post the $175 million bond to prevent James from beginning enforcement proceedings after a judge fined the former president $454 million in February for fraudulently inflating the value of his assets. Writing on X, formerly Twitter, one-time federal prosecutor Lisann wrote that Knight Speciality might not be able to post the bond for Trump and will be liable for the full amount because it had given a guarantee to the court. "Looks like there is a real possibility that this Don Hankey-owned Knight Specialty Insurance does not itself have liquidity, and did not get from Trump collateral, sufficient to provide legally cognizable assurance that it can pay $175 million on demand in the event of a judgment-affirming appeal," he said. "But the Trumpian part is that even though, or perhaps because, it may be part of a Trump scam, Knight now too may be on the hook for $175 million as it won't automatically get out from underneath its own proffered surety." Hankey, a billionaire, has already said that his company will be able to post the money for Trump. He was reacting to a comment on X by lawyer Dave Kingman, who wrote that Knight will not be able to post the $175 million. "Understand that Knight Specialty has a problem. This bond cannot be approved. Under the CPLR [Civil Practice Laws and Rules] the surety will remain obligated under the bond until a replacement bond is filed. Trump is unlikely to get a replacement bond. Knight Spec will be liable AND Trump won't have a stay [on enforcement]," he wrote. sadtrombone.mp3 28.79 kB · 5 downloads So If I read that correctly - The Fraudster, pulled another con, this time on a Knight Specialty - who may have been involved in the con. But since their bluff was called, Knight, the assistant fraudster, will be on the hook for the bond while the # 1 Fraudster is off the hook for it Legal minds please clarify. 1 Link to comment
teachercd Posted April 9 Share Posted April 9 1 hour ago, knapplc said: Is there or could there be jail time in this case? 1 Link to comment
knapplc Posted April 9 Share Posted April 9 5 minutes ago, teachercd said: Is there or could there be jail time in this case? Jail is definitely one of the possible outcomes. 1 1 Link to comment
TGHusker Posted April 10 Share Posted April 10 19 hours ago, knapplc said: Jail is definitely one of the possible outcomes. I wonder in NY who sets sentencing - the judge or the jury.? I was on a criminal jury case recently and the judge gave us guidelines and it was up to us to pick the sentence. I would suspect that the judge would give guidelines that for this crime such and such penalties can be given and perhaps even speak of Trump's previous record as a criminal - now that he is a convicted fraudster and rapist - those things could be considered. In the my jury case, the defense tried to shield the client from his previous record by not allowing him to testify. If he testified all the cards would be laid on the table. The prosecutor dropped a hint during the trial by calling the defendant ' Gas Can Bob".. It wasn't until we found the guy guilty and we went into the sentencing stage that we heard of his priors - one being trying to set the court house on fire while he was serving time for one of his previous crimes. All of us who remembered that incident in the news 5-7 years previously had a collective - "I remember that" and understood then the "Gas Can Bob" reference. Link to comment
teachercd Posted April 11 Share Posted April 11 On 4/10/2024 at 8:50 AM, knapplc said: Ohhhhhh could we see jail time for trump??? I still think after the election, trump will leave the country. If he can. 1 Link to comment
knapplc Posted April 11 Share Posted April 11 1 minute ago, teachercd said: Ohhhhhh could we see jail time for trump??? You asked this Tuesday. On 4/9/2024 at 1:04 PM, teachercd said: Is there or could there be jail time in this case? On 4/9/2024 at 1:08 PM, knapplc said: Jail is definitely one of the possible outcomes. Link to comment
teachercd Posted April 11 Share Posted April 11 1 minute ago, knapplc said: You asked this Tuesday. Yeah I know! I was just bringing it up now because the guy got jail time. Not that it makes it more likely that trump will, I just thought it was interesting. and you totally called it! Maybe this really is a sign that trump will get sentenced too? 1 Link to comment
TGHusker Posted April 12 Share Posted April 12 Good interview with Michael Cohen on the upcoming criminal trial https://www.politico.com/news/magazine/2024/04/12/michael-cohen-trump-trial-surprise-00151868 Link to comment
BigRedBuster Posted April 15 Share Posted April 15 This delusional piece of s#!t actually thinks 2/3s of Americans love him and support him. Link to comment
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