Trump Can’t Obtain Appeal Bond , in New York Fraud Case.
According to a New York court filing
on March 18, Trump isn't able to secure a
$454 million bond as he appeals a civil business
fraud judgement against him, CNBC reports.
.
Trump's attorneys said that getting the bond is "impossible" since it would "effectively" require "cash reserves approaching $1 billion.".
Defendants’ ongoing diligent
efforts have proven that a bond
in the judgment’s full amount
is ‘a practical impossibility.’, Donald Trump's lawyers, via CNBC.
Gary Giulietti, president of the
Northeast division of the Lockton Companies, was hired to help Trump obtain a bond.
Despite scouring the market, we have
been unsuccessful in our effort ... for the
simple reason that obtaining an appeal bond
for $464 million is a practical impossibility
under the circumstances presented, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Simply put, a bond of this
size is rarely, if ever, seen, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
In the unusual circumstance that a bond of
this size is issued, it is provided to the largest
public companies in the world, not to
individuals or privately held businesses, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Giulietti went on to say that a private company would need about $1 billion to put up as collateral to receive a bond of that size.
.
While it is my understanding that
the Trump Organization is in a strong
liquidity position, it does not have
$1 billion in cash or cash equivalents, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E.
Jean Carroll.
.
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E.
At his inauguration, President Donald Trump introduced his youngest son, Barron Trump, crediting him with shaping the campaign's youth strategy. Trump claimed Barron’s insights helped him win the youth vote by an impressive 36 points. The president’s acknowledgment highlighted Barron’s growing influence within the Trump family. Barron, 18, stood out as a towering figure at the ceremony, drawing attention for his reserved demeanor. Trump's remarks underscored the importance of connecting with younger voters in shaping his electoral success.
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Trump signed a flurry of executive orders on his first day as US President, withdrawing the country from the Paris climate agreement and reversing sanctions on violent Israeli settlers.
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Global leaders expressed mixed reactions to Donald Trump’s second-term inauguration. Ukrainian President Zelensky emphasized peace through strength, while NATO highlighted increased defense spending. Israel’s Netanyahu celebrated a stronger alliance, and India’s Modi expressed enthusiasm for renewed collaboration. EU and Germany emphasized transatlantic ties, while Canada highlighted economic partnership amid tariff concerns. Trump’s return reignites international focus on diplomacy, alliances, and shared prosperity across the globe.
#TrumpReturn #WorldReacts #GlobalLeaders #TrumpInauguration #PeaceThroughStrength #USAlliances #IsraelUS #NATOStrategy #IndiaUSFriendship #EUUSPartnership #TransatlanticRelations #TrumpPolicy #InternationalFocus #USGlobalLeadership #UkrainePeace #CanadaUSPartnership #TrumpGlobalImpact #DiplomacyMatters #SecondTermTrump #GlobalCooperation
On his first day back in office, President Donald Trump initiated the process of withdrawing the US from the World Health Organization (WHO), citing financial disparities and national priorities.
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President Donald Trump delivers a powerful address to his supporters at Emancipation Hall, outlining his vision for America's future. He emphasizes unity, economic growth, and securing the nation's borders. His speech marks a defining moment in the start of his second term.
#TrumpInauguration #EmancipationHall #Inauguration2025 #TrumpSupporters #USPolitics #AmericaFirst #SecondTerm #PresidentialSpeech #Unity #EconomicGrowth
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