Mastodawn

Mastodon Migration Apr 19, 2024

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

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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

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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

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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

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Tim Ward ⭐🇪🇺🔶 #FBPE

@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.