New York AG says $175 million Trump fraud bond isn't properly backed, should be voided
New York AG says $175 million Trump fraud bond isn't properly backed, should be voided
Donald Trump was ordered to pay more than $450 million in damages in a civil business fraud lawsuit lodged by New York Attorney General Letitia James.
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I thought they were already moving to have it thrown out and start seizure proceedings last week? What's taking so long?
Letitia James challenged the validity of the bond roughly two weeks ago.
The challenge does not harm Trump’s bond but makes it so that the insurance company will need to show proof that they can pay it.
Trump's lawyers responded last week.
Now she is preparing to argue before a judge that their response is inadequate.
The hearing will be on Monday.
Stalling tactics to find more money?
Well, I mean...they've committed fraud at this point by submitting a false bond to the court. I don't see how they could stall at all.
they've committed fraud at this point
Not quite. At this point Letitia James is arguing that the bond is no good, but a judge hasn't yet ruled on whether she is right.
If and when that happens, there will be less room to stall.
It worked! Should have been seizing property weeks ago. But they still haven’t.
Yeah, and now they're tied up in procedural red tape.
Nah, just the usual incompetence and fraud.
To hide more money, but yeah, stalling.
It's court. A week or two is not a long time.