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re: Breaking: Trump is unable to make $464 million bond in civil case
Posted on 3/18/24 at 10:47 am to Northwestern tiger
Posted on 3/18/24 at 10:47 am to Northwestern tiger
quote:
Former President Donald Trump can’t find an insurance company to underwrite his bond to cover the massive judgment against him in the New York attorney general’s civil fraud case, his lawyers told a New York appeals court.
Trump’s attorneys said he has approached 30 underwriters to back the bond, which is due by the end of this month.
“The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude,” Trump’s lawyers wrote. (Trump himself was fined $454 million; the $464 million includes the disgorgement for his adult sons Don Jr. and Eric.)
1
Posted on 3/19/24 at 11:48 pm to GumboPot
It's not that the bond companies won't consider it. It's that they don't give money to deadbeats who don't pay their bills, which Trump has a history of. His campaign is broke because he has to prepay lawyers because he has a history of not paying his legal bills too. Keep donating to the to his broke campaign so he can pay his lawyers. Funny how if Jeff Bezos of Carlos Slim went to those same bonding companies, they could get that money but...for some reason, Trump can't get that money. Hmm? Why is that? Why is it no bank will loan him the money? Not even Deutsche Bank, which he has had business dealings with before. Why is that? Hmmm.
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