Mastodawn

Mastodon Migration

New York AG rejects Trump $175M bond, setting the stage for a Monday hearing which may result in determination that the bond is without effect and lead to asset seizure.

https://thehill.com/regulation/court-battles/4606053-ny-ag-trump-civil-fraud-judge-declare-175m-bond-without-effect/

"The New York attorney general’s office has asked a judge to void the $175 million bond former President Trump secured to put off paying the larger monetary damage award in his civil fraud case."

NY AG asks Trump civil fraud judge to declare $175M bond ‘without effect’

The New York attorney general’s office has asked a judge to void the $175 million bond former President Trump secured to put off paying the larger monetary damage award in his civil fraud case. State lawyers said in court filings Friday that the former president and his co-defendants — the Trump Organization and its top…

The Hill

Mastodon Migration Apr 19, 2024

For more (a lot more) on this saga start here:

https://mastodon.online/@mastodonmigration/112212072918141079

Mastodon Migration (@[email protected])

Might be wrong here, but seems like this may be a bigger deal than a clerical error as is being widely reported: Rejected and ‘returned for correction’: Docs for Trump’s $175M bond get bounced >>> https://lawandcrime.com/high-profile/rejected-and-returned-for-correction-docs-for-trumps-175m-bond-get-bounced/ It may be that the bond company didn't report their financials because they have insufficient collateral to secure a bond of this magnitude. In which case the bond is no good, Trump doesn't have a bond, and he is out of time. Let's see how this gets resolved...

Mastodon

Mastodon Migration Apr 19, 2024

Kaboom 💥

"...next Monday, opening arguments will begin in Trump's criminal trial AND Judge Engoron will conduct a hearing to decide whether Trump's bond is adequate or if A.G. James can start seizing his New York properties."

Hat tip to @msbellows who was the first to mention this brutal congruence of fate: https://c.im/@msbellows/112282546870060953

M.S. Bellows, Jr. (@[email protected])

@[email protected] @[email protected] If Judge Engoron rejects the sketchy $175MM bond Monday, there's a low but nonzero chance that on Tuesday Trump will be sitting in the lower Manhattan criminal courthouse, unable to scream, unable to leave, when news arrives that Tish James has slapped a foreclosure notice on his 40 Wall Street building, less than a mile away. Heh.

C.IM

Mastodon Migration Apr 19, 2024

This AG filing rejecting Trump's bond is a work of beauty!

Presented here, for everyone who enjoys the occasional legal deep dive...

https://www.documentcloud.org/documents/24558931-452564_2022_people_of_the_state_of_v_people_of_the_state_of_memorandum_of_law_i_1738

452564_2022_PEOPLE_OF_THE_STATE_OF_v_PEOPLE_OF_THE_STATE_OF_MEMORANDUM_OF_LAW_I_1738

Mastodon Migration Apr 19, 2024

🤦‍♂️ You just couldn't make this stuff up...

"...violated numerous federal laws by pressuring borrowers through the use of illegal debt collection tactics, including using phony caller ID information, falsely threatening to refer borrowers for investigation or criminal prosecution, and illegally disclosing information about debts to borrowers’ employers, friends and family."

more...

Mastodon Migration Apr 19, 2024

Continuing...

"The CFPB ordered the companies to overhaul their debt collection practices, provide restitution to consumers of $44.1 million and pay a civil penalty of $4.25 million."

more...

Mastodon Migration Apr 19, 2024

Continuing...

"Just two years later, these same two Hankey Group companies entered into a settlement with the U.S. Department of Justice (“DOJ”) to pay restitution and civil penalties totaling $760,788 to resolve charges that they violated the Servicemembers Civil Relief Act (“SCRA”) by repossessing 70 vehicles owned by members of the armed forces without first obtaining the required court orders."

Grant 🇺🇦ArmUkraine🇺🇦Apr 19, 2024

@mastodonmigration I'm always looking for an excuse to post this thing I made

Nazani Apr 19, 2024

@mastodonmigration
Trump should have to hand over the Schwab account to NY & seek a bond for the rest of the 450+ million.

Mastodon Migration Apr 19, 2024

It's not clear he has the money. At least not free and clear. Hence the shell game.

ceoln Apr 20, 2024

@mastodonmigration

Everything he does is so utterly sketchy.

Peter Apr 20, 2024

@mastodonmigration

That's... comprehensive.

Damn but James and her people do good work.

Edelruth, PBS Passport Holder Apr 20, 2024

@mastodonmigration

🦈🦈🦈

Tim Ward ⭐🇪🇺🔶 #FBPE Apr 20, 2024

@mastodonmigration It worked though. It's already bought this much delay, and even this filing is conceding another week's delay! And what's to stop an endless stream of replacement fake bonds, each one, like this one, bringing more weeks of delay? Looks like a winning strategy to me.

LAUREN Apr 19, 2024

@mastodonmigration Sooooo surprising that a bond from a corrupt af auto loan shark was rejected. Obviously no one else is going to put up a legitimate bond because trump doesn't have the liquid assets to back it. Let the mar-a-lago yard sale commence.

Bob Thomson Apr 19, 2024

@noondlyt boxes of state secrets for $99.99

Bleak Future Apr 19, 2024

@noondlyt @mastodonmigration A dunk tank featuring Jared except with hyenas instead of water.

LAUREN Apr 19, 2024

@bleakfuture @mastodonmigration Turn it into a Dave & Busteds

SpaceLifeForm Apr 19, 2024

@mastodonmigration

The bond is fake. There is no bond.

Grant 🇺🇦ArmUkraine🇺🇦Apr 19, 2024

@mastodonmigration Oh boy!

Mastodon Migration Apr 19, 2024

@Grant_M Indeed!

Grant 🇺🇦ArmUkraine🇺🇦Apr 19, 2024

@mastodonmigration It's all crumbling! What a time to be alive!

enmodo ⚛️ 🧬 🇺🇦 🍉Apr 20, 2024

@mastodonmigration about forking time. No more leniency. Get 'er done and secure the assets for the State ASAP.

Peter Apr 20, 2024

@mastodonmigration

Oh, I'm so here for this ... 🤣