Judge Approves Trump’s $175 Million Bond in New York Civil Case
Judge Approves Trump’s $175 Million Bond With New Restrictions in New York Civil Case
An agreement was reached between President Trump’s attorney and New York Attorney General Letitia James on the handling of the bond account.
By Sam Dorman, Catherine Yang and Juliette Fairle, The Epoch Times,y
Former President Donald Trump and New York Attorney General Letitia James reached an agreement on April 22 regarding his $175 million bond in his New York civil case, imposing additional restrictions while resolving concerns about the funds’ security.
The attorney general argued that Knight Specialty Insurance Company (KSIC) lacked a “certificate of qualification,” and that President Trump still had access to the Charles Schwab account pledged to the insurer as collateral.
Judge Arthur Engoron accepted the April 22 agreement, which gave KSIC exclusive control over the account. The state made the offer after Chris Kise, President Trump’s attorney, provided oral argument.
The attorney general established five bond conditions this morning that allow former President Trump to use a non-New York company as a traditional license surety to cover the $175 million he was ordered to pay.
KSIC is unauthorized by the New York Department of Financial Services, which bond experts see as a victory for Mr. Trump.
“[The company] is probably charging Trump less and they accepted a pledge rather than actually receiving $175 million in cash,” said Bruce Lederman, a commercial and real estate litigator who has dealt in bonds for more than 40 years.
All of Mr. Trump’s attorneys agreed to the settlement stipulations, which are expected to be memorialized by the end of the week.
The five bond conditions include retaining the collateral in a Schwab account and restricting KSIC from trading or withdrawing any of the funds for anything other than payment of the bond. Continue reading….
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It’s funny, in a sense – that shot of Trump and his expression reminds me of my late pet cat when she was in a state of contentment as she was mushing up to me and rubbing her nose against me – and purring the whole time.
But when even “Never Trumper” Bill Barr says that Biden and the Democrats are the true threat to democracy in this country, well . . . and attorney Michael Avenatti . . .
Zeus
11 days ago
There is an old tailor.
He lives in a Tree.
He needs her neck size
To fit her you see.
He sows with hemp.
He works for Free.
The name of his house
Is Liberty.
I always thought we could and should assemble around places like capitals and courthouses, in massive numbers, without violence, but also without smiles. How that assembly ends would be up to the traitors sitting on their high horses.
Maybe I’m too impatient.
I’m probably supposed to think I’ll be rewarded after I’m dead, and they’ll be punished after they’re dead. That sounds a lot like getting 72 virgins if I die fighting for a dead pervert.
D
teslarules
11 days ago
Now that the USA is the USSSA, Union of Soviet Socialist States of Amarxica I wonder how many Democrats will land in the new gulags along with Republican voters??
There was a day when the Democrats called Black people uppity if the got too unafraid to speak out. Now too many are Democrat sock puppets.
For those that have forgotten the Communist Manifesto was not written by Karl Marx, but a cousin of Franklin Delano Roosevelt, Clinton Roosevelt. He published his book in 1841.
The Democratic Party has been implementing policies he advocated in his 184 book.
D
PatD
11 days ago
That will leave all of the libturd morons triggered now. FJB LGB!!!
JoeyJ
10 days ago
She will kill us all.
And dance on the roof tops.
vinnynewyork
10 days ago
Letizia will pay .. worst punishment of all … ?? Sharing the same jail cell with Fannies Willis
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