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Scottie Scheffler Clinches Second Masters Victory in Three Years, Dominates at Augusta

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Trump’s Legal Troubles: AG Calls for Bond Challenge as Asset Seizure Stalking Horse

.    Photo by max .

New York AG Calls Trump’s Bluff, Seeks Hearing on $175 Million Bond The New York Attorney General’s office has expressed deep skepticism over the $175 million bond that former President Donald Trump posted to challenge a $464 million civil fraud judgment against him. In a court filing, the office called on the New York state Supreme Court to decline Trump’s request to be released from the requirement of a nearly half-billion-dollar bond. The office argued that Trump had failed to present a sufficient case that he “cannot truly make” the bond covering the $464 million judgment. According to the AG’s office, Trump has not provided the court with information concerning which of his real estate properties have been offered as collateral to the bond companies, the conditions under which those assets have been offered, and why the companies “declined to essentially underwrite the assets.” The filing implies that bond companies were not convinced of the value of Trump’s holdings. “To the extent the Court can infer, sureties have declined to accept the defendants’ specific holdings as collateral because … [defendants’] various holdings are nowhere near as valuable as the Defendants’ claim,” the AG’s office alleged. The office also said affidavits supporting Trump’s ownership claims should be dismissed from two Trump associates with conflicts of interest: Trump Organization general counsel Alan Garten and Trump insurance policy broker Gary Giulietti. Garten, for example, “was personally involved with the fraudulent and illegal acts” at the heart of the lawsuit. The state Supreme Court has scheduled a public hearing on the bond issue with a March 25 deadline for Trump to find $464 million on the horizon. The AG’s office could begin seizing Trump Properties to seize the judgment if he is unable. This latest clash over the bond is the culmination of the Attorney General‘s long-standing civil fraud case against the AG. Last month, a judge found Trump and his organization liable for a scheme that Trump used to overstate his properties’ worth and defraud numerous other parties over a ten-year timeframe. Trump had declared the decision will be overturned, and it calls the attorney general’s victory “a clear win”. However, the attorney general’s office is adamant that Trump will not be refunded the most severe punishment before his appeal is reviewed.

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