Former President Donald Trump is facing "insurmountable difficulties" in obtaining a bond to satisfy the $464 million civil fraud judgment, his attorneys said Monday in a new appellate court filing, and the magnitude of which would require him to use real estate as collateral.
Judge Arthur Engoron in February ordered Trump to pay $464 million in disgorgement and interest after holding him liable for doing a decade's worth of business with fraudulent financial statements that overvalued his real estate holdings and hyped his wealth. Trump was also barred from leading any New York company for three years. His sons Donald Trump Jr. and Eric Trump were also fined $4 million apiece and barred for two years.
"Defendants have faced what have proven to be insurmountable difficulties in obtaining an appeal bond for the full $464 million," according to an affirmation by Trump Organization general counsel Alan Garten.
While his lawyer said Trump is "financially stable" and maintains "substantial assets," the magnitude of the judgment would require him to use his real estate as collateral for the bond. So far, according to Garten's affirmation, no surety bond provider approached by Trump is willing to accept real estate as collateral, including Chubb, the insurance giant underwriting Trump's $91.6 million bond to cover the $83 million judgment in the E. Jean Carroll defamation case, plus interest.
Surprise, Surprise! Putin Wins Another Russian “Election”
That Vladimir Putin won his “election” is not a shocker. Exit polls show he came away with 88% of the vote. That it wasn’t 100% is the surprise.
The “win” gives Putin six more years in power at a time when his invasion of Ukraine has the world fearing what he’ll do next.
Trump gave a whopper of a campaign speech over the weekend. He warned of “bloodshed” if he doesn’t win in November. He also said the January 6th Committee should be jailed and that some undocumented immigrants aren’t people. It seems he’s doubling down on the hate and revenge.
True Crime Corner brings Courtney to the show with a story she’s been researching for weeks. Wait until you hear about the Octopus Murders!
Comedian and actor Alonzo Bodden will stop by. We’ll ask him about winning Last Comic Standing and hosting America’s Worst Driver. He may also talk about his experience donating a kidney to his brother.
The cavalcade of guests won’t stop! No one knows politics the way Howie Klein does.
Writer, political activist, media personality, and former record label executive, DJ and Producer, Howie Klein will swings by. You're gonna love him!
The Mark Thompson Show
3/18/24
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Comparison and the Ultimate Money Delusion - Ep 138