BUT... But... but... now that his MTMG has made him a true billionaire the bond companies ought to be ellbowing their way to assist him
![Twisted Evil :twisted:](./images/smilies/icon_twisted.gif)
He will declare that he won it, and he will run again in 2028. And lose. And declare he won again. Rinse, repeat.
Literally the first thing he did after officially becoming the nominee was demand an $80 Million "loan" from the RNC.
Would I be pushing it if I asked the same in four months? Four weeks or four days sound even better to me.Slim Cognito wrote: ↑Thu Mar 28, 2024 9:37 am Dear Lord, please don’t let that SOB still be roaming this earth in four years.
Regarding the statute of limitations stuff: Originally, the State wanted to charge crimes ranging back to 2010 or before. In the early stages of the indictment, fuckhead appealed, and the appellate court agreed that anything before 2015/16 or so (can't remember exactly) could not be charged.Sam the Centipede wrote: ↑Fri Mar 29, 2024 6:25 am I didn't watch all of the Popok video (thx RTH!) but the story in the first part is that Popok thinks the appeals judges noticed an amount of the penalty that fell outside the statute of limitations which would reduce the corrected penalty to around the amount of the reduced bond, hence that figure. He mentioned an earlier appeals ruling that governed that but I didn't chase down what he referred to – others with better memories than mine might know.
Surely the amount – $175M or $355M or whatever the current big number is – is not A Big Thing. The big thing is that the Trumps' nefarious business activities have been nobbled and hobbled, isn't it? And that the guilty-of-fraud judgement stands. I know it's civil rather than criminal but that distinction is not, imho, mega-important. Not unless Trump can be locked up, which I think ain't gonna happen.
I'll find the filing later, dinner first.Anthony Michael Kreis reposted
Michelle L. Price
@michellelprice
NEW YORK (AP) — Court filing says Trump has posted $175 million bond to avert asset seizure while he appeals civil fraud penalty.
https://iapps.courts.state.ny.us/nyscef ... l09aJOjw==chancery wrote: ↑Mon Apr 01, 2024 8:27 pm https://twitter.com/michellelprice/stat ... 149081476I'll find the filing later, dinner first.Anthony Michael Kreis reposted
Michelle L. Price
@michellelprice
NEW YORK (AP) — Court filing says Trump has posted $175 million bond to avert asset seizure while he appeals civil fraud penalty.
Knight Specialty Insurance Company out of Los Angeles.MN-Skeptic wrote: ↑Mon Apr 01, 2024 8:31 pmhttps://iapps.courts.state.ny.us/nyscef ... l09aJOjw==chancery wrote: ↑Mon Apr 01, 2024 8:27 pm https://twitter.com/michellelprice/stat ... 149081476I'll find the filing later, dinner first.Anthony Michael Kreis reposted
Michelle L. Price
@michellelprice
NEW YORK (AP) — Court filing says Trump has posted $175 million bond to avert asset seizure while he appeals civil fraud penalty.
"Hankey"?The bond was provided by California-based company Knight Insurance. Trump’s collateral to secure the loans was a combination of cash and investment-grade bonds, according to Don Hankey, the chairman of Knight Insurance.
Hankey told Forbes that his company had initiated the deal, reaching out to Trump just a few days before an appeals court lowered the amount Trump would have to pay while his appeal was heard. “This is what we do at Knight insurance,” said Hankey, who confirmed he had supported Trump’s political campaigns in the past. “I’d never met Donald Trump. I’d never talked to him on the phone. I heard that he needed a loan or a bond, and this is what we do. So, we reached out, and he responded.” The deal, Hankey said, came together in just a few days.
Hankey, a billionaire who presides over an auto-services empire, may never have met Trump, but he was the largest individual owner of Axos Financial, the lender that bailed out Trump by refinancing his mortgages at Trump Tower and his Miami resort in 2022. Axos also previously had done business with the family of Jared Kushner, Trump’s son-in-law.
Harry Litman @harrylitman wrote: Trump’s guardian angel for the bond is Don Hankey, an 80-year-old multi billionaire from LA who made his fortune with subprime car loans and already holds at least two very large trump loans.
However, a twitter account I've just started following, @File411, which has 29k followers but no background information that I've found, plus "Dave Kingman, Esq. @DaveKingman8," who has 78 followers, have put up posts arguing that Knight Specialty Insurance isn't authorized to write surety policies in New York State.Knight Specialty Insurance Company, meeting the requirements to transact business and issue this undertaking in the State of New York
I tried the search myself on the New York Department of Financial Services site, "knight" in the company name field, and didn't come up with Knight Specialty Insurance Company in LA. But I don't know if this database gives an authoritative answer, or if File411 and Kingman know what they're talking about.Dave Kingman, Esq.
@DaveKingman8
The bond is not valid. Knight Specialty Ins Co is not authorized to write this bond in NY State.
File411
@File411
See I too went to the NYS DFS and I couldn’t find any filings that allow Knight to operate in the State of New York but I did find a certificate in CA
Dave Kingman, Esq.
@DaveKingman8
They can write "surplus lines insurance" without authorization. But surety is not a surplus line. I believe it's a delay tactic. They know the bond isn't valid but the AG won't execute without moving to strike the bond first. And Trump gets more time.
File411
@File411
Not even joking
https://myportal.dfs.ny.gov/web/guest-a ... any-search
Dave Kingman, Esq.
@DaveKingman8
I regret to say this because I know Cliff Robert to be a good guy. But he e-filed that bond. He's gonna be responsible for filing a bond that's not valid. He's gonna bear the brunt of the Court's displeasure.
https://twitter.com/DaveKingman8/status ... 2419094740Dave Kingman, Esq.
@DaveKingman8
The bond is not valid. Why does everyone just assume that it is?
https://twitter.com/DaveKingman8/status ... 2184234153Dave Kingman, Esq.
@DaveKingman8
I know they don't do surety law for a living but surety bonds are not foreign to the office. The first thing that should have hit them is "who the hell is Knight Specialty Insurance Co"? They're not approved to write surety in the State.
https://twitter.com/frozengoat08/status ... 798319172Dave Kingman, Esq.
@DaveKingman8
It shouldn't take them very long to realize that the bond isn't valid and that Trump is simply trying to buy more time.
https://twitter.com/DaveKingman8/status ... 4745268677Brad Cox
@frozengoat08
They don't seem to come up on the Circular 570. I know that is only for Federal bonds, but still, not being accredited on the Circular tells you something. Surely the State of NY has the same criteria.
https://twitter.com/DaveKingman8/status ... 5181969808Dave Kingman, Esq.
@DaveKingman8
Knight Specialty is not T-listed and they are not approved to write surety in New York. This is a screenshot of a search of "Knight" on the NYS DFS website. I've been doing surety in NY for 30 years. I've never heard of them or seen a bond of theirs.
Dave Kingman, Esq.
@DaveKingman8
The "specialty" in the name is a giveaway that its business includes surplus lines. I bet that's what they'll use as justification, to try to avoid penalties for writing a bond without authorization. It's nothing more than a delay tactic, Trump manipulating the judicial system.
That sounds correct to me: even if the clerks don't bounce it immediately, one would expect them to reply "Dear Trump clowns, thanks for your latest turdogram, but we note that these Knight gobshites are not an approved surety in Noo Yawk or federally so we have not accredited this nonsense as a valid bond and we have referred the matter to the judge. Hizzonner will tell you what's what."*