India  

Trump Can’t Obtain Appeal Bond in New York Fraud Case

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Trump Can’t Obtain Appeal Bond in New York Fraud Case

Trump Can’t Obtain Appeal Bond in New York Fraud Case

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.

Jean Carroll.


You Might Like


💡 newsR Knowledge: Other News Mentions

Donald Trump Donald Trump President of the United States from 2017 to 2021

Washington prepares for potential violence following election results [Video]

Washington prepares for potential violence following election results

As Americans await election results, Washington is on high alert for possible violence from Trump supporters, fearing a repeat of the Capitol riots in 2021.

Credit: euronews (in English)    Duration: 01:19Published
U.S. Elections 2024: Trump’s Shocking Claim, Says Kamala Will ‘Invade the Middle East’| Watch [Video]

U.S. Elections 2024: Trump’s Shocking Claim, Says Kamala Will ‘Invade the Middle East’| Watch

As the election approaches, former President Donald Trump makes a bold assertion about Vice President Kamala Harris, claiming she will "invade the Middle East." In a last-minute appeal aimed at Arab and Muslim voters in Michigan, Trump emphasises the significance of building a coalition that supports peace. This dramatic statement reflects the high stakes and intense rivalries as the candidates prepare for the crucial vote on November 5. Watch as the election heats up and both candidates make their final appeals to secure critical support in swing states. #USElections2024 #TrumpVsHarris #MiddleEast #ElectionNight #Vote2024 #KamalaHarris #Trump2024 #PoliticalDrama #ArabVoters #PeaceNotWar #ElectionDay #SwingStates #Disinformation #VoteSmart #USPolitics ~PR.152~ED.155~HT.334~

Credit: Oneindia    Duration: 03:07Published
Harris and Trump in final push ahead of Tuesday vote [Video]

Harris and Trump in final push ahead of Tuesday vote

Credit: FRANCE 24 English    Duration: 08:50Published
Tale of two candidates: Harris speaks in 'cliches, bromides', Trump 'feeds into idea he's a fascist' [Video]

Tale of two candidates: Harris speaks in 'cliches, bromides', Trump 'feeds into idea he's a fascist'

Credit: FRANCE 24 English    Duration: 11:00Published
Trump and Harris head to Pennsylvania after joke threatens to alienate Latino voters [Video]

Trump and Harris head to Pennsylvania after joke threatens to alienate Latino voters

Republican candidate for president Donald Trump visited the city of Reading in Pennsylvania after a joke at his rally threatened to alienate the swing state's substantial Hispanic population.

Credit: euronews (in English)    Duration: 01:48Published

New York City New York City Most populous city in the United States

N.Y. Politician Says Human Lives Take Priority Over Peanut the Squirrel

Peanut the squirrel’s heartbreaking story has tugged at the heartstrings of thousands nationwide after the rodent was seized and euthanized by authorities last..
TMZ.com

New York Congressman Demands Answers From Governor About Peanut the Squirrel

A New York congressman says he and his fellow delegates want answers from the governor about Peanut the Squirrel's tragic death ... calling the raid total..
TMZ.com

TMZ TV Hot Take: Jerry Seinfeld Rips Private School For Day Off After Election

Jerry Seinfeld deserves a round of applause for his disgust with a New York private school offering students a day off on account of the election results .....
TMZ.com

Peanut The Squirrel's Owners Pursuing Legal Action Over Viral Controversy

The owners of Peanut the squirrel are still in an emotional whirlwind after their beloved social media star was seized and euthanized by authorities in New York..
TMZ.com

TMZ TV Hot Take: Jennifer Lopez Rips Trump Over MSG Rally

Jennifer Lopez is ripping Donald Trump for what she says was a divisive rally in New York ... but will her emotional rebuke make a difference in the election? We..
TMZ.com

Related news from verified sources

Trump’s net worth hits $6.5bn, making him one of world’s 500 richest people

A state appeals court significantly reduced the bond Trump had to post in a New York fraud lawsuit...
IndiaTimes - Published

NY state asks court not to let Trump forgo $454M bond during fraud case appeal

New York lawyers advise on Trump's appeal bond challenging a $454M judgment. State suggests...
IndiaTimes - Published

Trump wins pause of $454 million civil fraud ruling, averting asset seizures

Donald Trump won a bid on Monday to pause his $454 million civil fraud judgment if he posts a smaller...
IndiaTimes - Published


Related videos from verified sources

Democrats See Judge Cannon As A Threat: Leo Terrell [Video]

Democrats See Judge Cannon As A Threat: Leo Terrell

Fox News contributor and civil rights attorney Leo Terrell blasted New York Attorney General Letitia James ahead of former President Donald Trump’s deadline to pay his civil fraud penalty, which was..

Credit: Rumble     Duration: 01:55Published
SCIF - [200] – Trump Bond Reduced, ATF Little Rock Raid, ISIS attack in Russia [Video]

SCIF - [200] – Trump Bond Reduced, ATF Little Rock Raid, ISIS attack in Russia

SCIF - [200] – Trumps bond for his Real estate fraud case in New York has been reduced from 464 Million to 175 Million. ATF conducts a fatal raid in Little Rock Arkansas. We will review the warrant..

Credit: RumblePublished
🔴Trump gets 2 HUGE Wins while RADICAL LEFT judge tries to break HIM! [Video]

🔴Trump gets 2 HUGE Wins while RADICAL LEFT judge tries to break HIM!

In the latest developments, a left-leaning judge in New York City is aiming to silence former President Trump, adding fuel to the ongoing legal battles. Meanwhile, President Biden's..

Credit: RumblePublished