How might the bond company be linked to Russia? To Trump?

In a pattern reminiscent of the Trump family, there is a father-son thing happening. However, neither Greenberg supported Trump directly in 2016 or 2020.

Evan Greenberg (Evan), 68/69, is the president and CEO of Chubb Ltd (incorporated in Zürich, Switzerland).

Federal Insurance Company (FIC), the company behind Trump’s surety bond, is a Chubb subsidiary.
Evan orchestrated the ACE Insurance absorption of Chubb Insurance in 2016.

Details below.

Evan donated to the Hillary Clinton campaign in the 2016 election cycle, not Trump.
However, in 2020, he donated almost exclusively to Republicans, but not Trump.

Trump appointed Evan to the Advisory Committee for Trade Policy and Negotiations in late 2018.

Although Chubb was one of the first major insurance conglomerates to “adopt limited” restrictions on insuring fossil fuel underwriting, it is one of the largest insurers of oil and gas projects.

In 2020, Reuters reported that Chubb was insuring tar sands projects in Canada. In 2021, it withdrew from the Russian Nord Stream 2 pipeline due to U.S. government sanctions.

Evan’s father is #Maurice “#Hank” #Greenberg (Maurice), 98, the former “combative” chairman and CEO of American International Group ( #AIG ), which was once a subsidiary of Starr Insurance Companies.

Starr was founded in 1919 in Shanghai, China, by an American. Maurice has been chairman and chief executive officer of Starr since 1968. (Envision nested Russian dolls.)

Maurice is notorious for extensive #fraud that happened at AIG under his direction.

He paid $24,000,000 to the SEC (2009) and the state of New York (2017) for fraud that took place before 2005, the year he turned 80 and was kicked out of the CEO penthouse.

Maurice has direct ties to Russian president Vladamir #Putin.

In 2003, Vladimir Putin, the president of Russia, welcomed Maurice to Moscow. The purpose of the visit? To develop mortgage loans in Russia.

In 2007, Maurice created a subsidiary, Starr Investments Russia, “to invest hundreds of millions in Russian real estate,” specifically “prime office space, residential housing and hotels.”

Putin was the president of Russia.
In the 2016 election cycle, Maurice donated $20,000 to Republican political action committees. According to the Washington Post, he gave more than $15,000,000 to #dark #money SuperPACs.

He supported Jeb Bush. In the 2020 cycle, he supported no presidential candidate directly.

There is no direct link between the surety bond company and Putin. There are links between projects, players, corporations.

If FIC asked for 2%, Trump had to pony up only (only!) $18,400,000.

Rather than his winning an appeal, I put money on Carroll winning another defamation suit.

♦️Who will pay his bills? ♦️

That’s the national and domestic #security #issue.

(3/3)

#surety #bond #defamation #Carroll #Chubb #structured #prejudicial #Russia

About That prejudicial bond agreement

Trump’s lawyers and Chubb’s risk-averse managers initially wrote the $92,000,000 bond so that FIC would have 60 (sixty) days to pay up should Trump lose his appeal.

As Jose Pagliery at the Daily Beast points out, that 60-day period gives someone approximately $3 million, assuming the $92 million “were invested in the S&P 500 stock market index during a similar time period at the start of the year.”

Tom Gober, a forensic accountant and certified fraud examiner, told Pagliery:

Knowing all of the public record being what it is on Trump’s false statements and times he hasn’t paid his bills, all of that… I’m sure the surety company would like as much time as they can justify. Plus … [t]hey earn interest on that money before they have to pay it out.

Carroll has a damn good attorney, Roberta Kaplan. Kaplan saw the odd language in the bond.

On Monday, she alerted U.S. District Judge Lewis Kaplan… And in a sign of just how interested he is, the judge immediately responded in a handwritten note scribbled over her letter to the court.

“The parties shall submit revised documentation promptly,” the judge wrote back.

Both 30-day provisions now read 15 days.

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#surety #bond #defamation #Carroll #Chubb #structured #prejudicial #Russia