Donald the Orange and Family Sued in NY

[starwater]

I see the powerball is up to a billion. Can't he just grift that somehow and get some cash?

 

[Ford]

I see the powerball is up to a billion. Can't he just grift that somehow and get some cash?

Yeah, that's not gonna work for him. The jackpot is a billion, but the "cash option" is less than half of that. Take out taxes and it works out to (in Florida) just over 300 million. Oh, and you can't collect the prize for at least 30 days. He needs money NOW.

 

[Loren Pechtel]

Alina Habba Rages at People Wishing Trump Had To Sell Assets

JESSE WATTERS: Do you think Tish James and Judge Ergeron (sic) do they do they feel ashamed, a little embarrassed? Have they felt, I don’t know, maybe that they overreached a little bit after this decision.

ALINA HABBA: Well, that would mean that they have a moral compass or a conscience, and I don’t feel that that exists.

People that go on TV censor Donald Trump, shut him off when he’s speaking, want to act like he’s about to go broke, want to act like he’s poor. And that’s why he couldn’t get a bond that no private company has ever been asked to get with no cash equivalents other than cash, marketable securities.

People that get excited for that, they don’t have a conscience, Jesse.

But, you know, I hope she took a little piece of humble pie today because that’s what was served to her. Just a little. But we’ll be we’ll be serving a lot more of that in the next couple of years.

JESSE WATTERS: And, she’ll be eating humble pie. You’ll be having birthday cake. We hear it’s your birthday. So happy birthday.

ALINA HABBA: Thank you, Jesse. Thank you.

JESSE WATTERS: All right. Behave yourself.

What a sight to see, Trumpies squealing.

So Trump couldn’t get a bond because people went on TV and said he’s broke. Not because no financial institution will trust him; not because his equity in his properties is a small fraction of what he claims. It’s because people went on TV.

Wouldn’t it be ironic if that were true? The ultimate liar being screwed over by other people’s lies. Alas, it’s just another lie.

Discussing the Emperor's lack of attire shows your unworthiness!

 

[hurtinbuckaroo]

I see the powerball is up to a billion. Can't he just grift that somehow and get some cash?

Yeah, that's not gonna work for him. The jackpot is a billion, but the "cash option" is less than half of that. Take out taxes and it works out to (in Florida) just over 300 million. Oh, and you can't collect the prize for at least 30 days. He needs money NOW.

Not sure if it’s legal (as if that would matter to him), but he could probably sell the winning ticket for a hefty sum pretty quickly.

 

[Loren Pechtel]

I see the powerball is up to a billion. Can't he just grift that somehow and get some cash?

Yeah, that's not gonna work for him. The jackpot is a billion, but the "cash option" is less than half of that. Take out taxes and it works out to (in Florida) just over 300 million. Oh, and you can't collect the prize for at least 30 days. He needs money NOW.

If he actually had the sole winning ticket someone would probably be willing to buy it off him at a discount. He could get the money now.

 

[Ford]

I see the powerball is up to a billion. Can't he just grift that somehow and get some cash?

Yeah, that's not gonna work for him. The jackpot is a billion, but the "cash option" is less than half of that. Take out taxes and it works out to (in Florida) just over 300 million. Oh, and you can't collect the prize for at least 30 days. He needs money NOW.

Not sure if it’s legal (as if that would matter to him), but he could probably sell the winning ticket for a hefty sum pretty quickly.

 

[Jimmy Higgins]

I see the powerball is up to a billion. Can't he just grift that somehow and get some cash?

Yeah, that's not gonna work for him. The jackpot is a billion, but the "cash option" is less than half of that. Take out taxes and it works out to (in Florida) just over 300 million. Oh, and you can't collect the prize for at least 30 days. He needs money NOW.

But he could use that to get a bond. The way things work for Trump, I'd be shocked if it didn't happen. Or watch Barron win.

 

[lpetrich]

Dershowitz to Newsmax: Trump Bond Reduction a 'Big Victory' | Newsmax.com

Last week's ruling dropping the bond amount for former President Donald Trump from $454 million to $175 million was a "big victory" because it signifies the court will eventually reduce his fines as well, Alan Dershowitz, a professor emeritus at Harvard Law School, said on Newsmax on Sunday.

"They had to [reduce the fine] because it's unconstitutional," Dershowitz told Newsmax's "Sunday Agenda." "The Eighth Amendment prohibits excessive fines. This fine is excessive by every possible standard. There were no damages; there was no harm."

As I write this, it is 5 PM EDT, New York City time. No word on whether Trump was able to post $175 million. He has until Thursday to do so, but he has gotten other last-minute bailouts.

 

[ZiprHead]

Trump just posted his bond.

 

[Shadowy Man]

Habba’s preference to be pretty over smart seems to be paying off.

 

[lpetrich]

Trump posts $175 million bond in civil fraud case, averting asset seizures | Reuters

Trump Secures Bond in Fraud Case, Warding Off $454 Million Payment for Now - The New York Times - "The guarantee means that New York’s attorney general will not be able to pursue Donald Trump’s assets and bank accounts until Mr. Trump’s appeals are settled."

The attorney general, Letitia James, accused Mr. Trump of fraudulently inflating his net worth by as much as $2 billion, and a judge ruled in her favor.

...
The clock had been ticking. When the appeals court ruled last week, it gave him 10 days to line up the bond, making Thursday the deadline.

The $175 million bond came from Knight Specialty Insurance Company, a California company that handles such deals. In providing the bond, which is a legal document, not an actual transfer of money, the firm essentially promised New York’s court system that it would cover a portion of the $454 million judgment against Mr. Trump if he loses his appeal and fails to pay.

Many details of the deal are private, but the former president most likely had to pay the company a fee and pledge cash and other liquid investments as collateral.

...
In a post on Truth Social on Tuesday morning, Mr. Trump vented angrily. “It’s supposed to be the other way around — you appeal before you pay,” he wrote.

Alina Habba, a lawyer for Mr. Trump, said in a statement that the former president “looks forward to vindicating his rights on appeal and overturning this unjust verdict.”

Bailed out yet again, in yet another last-minute bailout.

 

[lpetrich]

Donald Trump's Bond Sparks Mystery About One Detail - "Following former President Donald Trump posting a $175 million bond on Monday in his New York civil fraud case, questions have been raised over what he put up as collateral."

MSNBC host and legal contributor Katie Phang wrote on X shortly after Trump posted the bond, "My question: what did Trump use as collateral for this bond?.."

Meanwhile, X user Hope took aim at Trump's Truth Social platform writing, "I hope the Bond company that loaned Trump 175 million didn't take Truth Social stock as collateral."

...
Former federal and state prosecutor Eric Lisann pointed out Trump's posting of a previous appeal bond in his case with author E. Jean Carroll, adding that there are similar concerns regarding this bond and the collateral required to secure the bond.

"We are back now to the same concerns raised when the Chubb Insurance Group posted Trump's $91 million appeal bond in the E Jean Carroll judgment appeal. Did some 3rd party - who exactly - help Trump post the (court-reduced without explanation) $175 million collateral required by subprime lender Knight Insurance Company to stave off collection on the NY state civil fraud judgment? Does that person exert hidden leverage over Trump?," Lisann wrote on X.

...
Lisann added, "Recall Trump's attorneys swore in court that Trump didn't have the funds. Does the company owner Don Hankey get anything special from Trump or a political backer? Is Knight Insurance sufficiently liquid to write a check for $175 million when/ in the event that the appeal ends with an affirmance?"

...
Amid the questions of collateral, however, according to Forbes who spoke to Hankey, Trump's collateral to secure the loans was a combination of cash and investment-grade bonds.

Trump Got His $175 Million Bond From a Billionaire Fan’s Company

A billionaire Donald Trump supporter whose California company is known for subprime auto loans and who has ties to one of the former president’s banks arranged his $175 million appeal bond in New York state’s civil fraud suit, though he said politics had nothing to do with it.

 

[Loren Pechtel]

Dirt, or is the guy afraid of what will happen if the bond wasn't posted?

 

[ZiprHead]

'Rejected': Trump bond filing 'returned for correction' over botched lawyering

Documents related to Donald Trump's $175 million bond were "returned for correction" after his lawyers reportedly forgot to attach a financial statement. The New York County Supreme Court's electronic filing system showed Wednesday that Trump's "bond/undertaking" had been "returned for...

www.rawstory.com

Documents related to Donald Trump's $175 million bond were "returned for correction" after his lawyers reportedly forgot to attach a financial statement.

The New York County Supreme Court's electronic filing system showed Wednesday that Trump's "bond/undertaking" had been "returned for correction." Another reporting system listed the document as "rejected."

New York litigator Jeffrey K. Levine shed some light on why the court had rejected the filing. He shared a New York County Supreme Court document explaining the need for re-filing.

"The court has returned the documents listed below for the following reasons: Please include a current financial statement and Power of Attorney," the instructions said. "Additionally, please list the name of the Attorney-in-Fact under the signature line on the Undertaking. Please use the 'Refile Document' link for Doc. No. 1707 to resubmit the corrected filing. Thank you and have a great day."

Donald hires only the best.

 

[starwater]

Current financial statement???!!! That's got to be a heavy lift - he actually needs to make it correct for a court case otherwise it will be a contempt of court? Or basis for a new fraud filing?

 

[lpetrich]

Letitia James, the Attorney General, Objects to Trump’s Bond Deal - The New York Times - April 4, 2024, 2:29 p.m. ET - "Letitia James, the attorney general, said in court papers that the California company providing the guarantee was not qualified to do such deals in New York."

The company providing the bond — which is a legal document, not an actual transfer of money — essentially promises New York’s court system that it would cover $175 million of the judgment against Mr. Trump if he loses his appeal and fails to pay.

Now, however, Ms. James is raising questions about the company that provided the guarantee to Mr. Trump, Knight Specialty Insurance Company, owned by Don Hankey, a billionaire who made his fortune with subprime loans.

In a court filing on Thursday, Ms. James noted that Knight was not registered to issue appeal bonds in New York, and so she demanded that the company or Mr. Trump’s lawyers file paperwork to “justify” the bond within 10 days. Ms. James is seeking to clarify whether Knight, which had never posted a similar court bond before aiding Mr. Trump, is financially capable of fulfilling its obligation to pay the $175 million if Mr. Trump defaults.

Another 10 days, it seems. So the next deadline is April 14.

 

[lpetrich]

Who is Don Hankey, the billionaire who paid Donald Trump's bond

California billionaire Don Hankey, a self-proclaimed Trump supporter who generated a fortune providing subprime auto loans (high-interest auto loans offered to car buyers with poor credit), is the individual who backed the former president and took care of the bond on Monday, the Washington Post reported.

...
Forbes calculated Hankey's net worth at $7.4 billion, but the "little-known king of subprime car loans" has over $22.5 billion in assets, including Hankey Group, his "Los Angeles-based auto services empire."

Trump on Truth Social:

"I had to pay New York State in order to appeal a corrupt decision by a biased, crooked and highly overturned judge," Trump wrote in the social post. "It’s supposed to be the other way around - you appeal before you pay. Is a crooked New York Judge allowed to make you pay for the “privilege” of appealing a wrongful & corrupt decision??? NOT IN AMERICA!!!"

 

[Loren Pechtel]

Current financial statement???!!! That's got to be a heavy lift - he actually needs to make it correct for a court case otherwise it will be a contempt of court? Or basis for a new fraud filing?

Sounds like he's stepped into a mineshaft full of manure.

 

[ZiprHead]

Sounds like he's stepped into a mineshaft full of manure.

Mr. Hankey agrees.

 

[marc]

Well... 'paid the bond' might be a bit of an overstatement.....

New York AG Questions if $175 Million Bond Insurer Can Save Trump

New records show the company that rescued Donald Trump from property seizures in his bank fraud case are potentially over-leveraged—and the AG wants answers.

www.thedailybeast.com

The New York attorney general on Thursday questioned whether the company that swooped in to post a $175 million bond for former President Donald Trump is actually good for the money—or is even allowed to operate in the state.