18-03-2024, 15:51
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#555
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,144
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Re: Trump’s Troubles
https://www.cnbc.com/2024/03/18/trum...wyers-say.html
Quote:
Donald Trump cannot obtain a bond to secure the $454 million civil business fraud judgment against him as he pursues an appeal of the case, his attorneys said in a New York court filing Monday.
Attorneys for Trump and his co-defendants in the fraud case argued that it was “impossible” for them to secure a complete appeal bond, which 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,’” the lawyers wrote, quoting an affidavit in the filing with the Appellate Division of Manhattan Supreme Court.
They said they have approached roughly 30 surety companies through four separate brokers, and that they have spent “countless hours negotiating with one of the largest insurance companies in the world.”
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https://www.washingtonpost.com/polit...d-is-struggle/
Quote:
In an April 2023 deposition, Trump volunteered that he had “substantially in excess of 400 million in cash.”
“Developers usually don’t have cash. They have assets, not cash,” Trump said. “We have, I believe, 400 plus and going up very substantially every month.”
Trump added later that, despite the legal fees he was facing, “I have over 400 — fairly substantially over $400 million in cash. That’s just cash. That’s just cash.”
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Last edited by Hugh; 18-03-2024 at 16:03.
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