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Letitia James to Begin Claiming Donald Trump's Properties: Lawyer
Posted on 4/8/24 at 2:03 pm
Posted on 4/8/24 at 2:03 pm
quote:
An insurance company will not be permitted to post a $175 million bond for Donald Trump while he appeals a fraud judgment, a former federal prosecutor has said.
Eric Lisann was reacting to a separate comment by another lawyer, Dave Kingman, who wrote that Knight Specialty Insurance will not be able to post the bond for Trump.
Kingman wrote that, as a result, New York Attorney General Letitia James will be able to begin enforcement proceedings on Donald Trump's properties.
A New York court has rejected Knight Specialty's paperwork and said it wanted to see more information on its financial backing. The company filed new paperwork on April 4.
Trump must post the $175 million bond to prevent James from beginning enforcement proceedings after a judge fined the former president $454 million in February for fraudulently inflating the value of his assets.
Writing on X, formerly Twitter, one-time federal prosecutor Lisann wrote that Knight Speciality might not be able to post the bond for Trump and will be liable for the full amount because it had given a guarantee to the court.
"Looks like there is a real possibility that this Don Hankey-owned Knight Specialty Insurance does not itself have liquidity, and did not get from Trump collateral, sufficient to provide legally cognizable assurance that it can pay $175 million on demand in the event of a judgment-affirming appeal," he said.
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Posted on 4/8/24 at 2:06 pm to GumboPot
bold strategy cotton
Posted on 4/8/24 at 2:06 pm to GumboPot
Please make this happen Letitia! 
The backfire will be the all time greatest
The backfire will be the all time greatest
Posted on 4/8/24 at 2:07 pm to GumboPot
This will likely not end well for Leticia.
Posted on 4/8/24 at 2:09 pm to GumboPot
This is called testing the sufficiency of the bond. James can’t do shite until the bond is rejected, and even then, Trump could still post additional security.
Posted on 4/8/24 at 2:11 pm to GumboPot
She just won Trump the election. 
Posted on 4/8/24 at 2:15 pm to GumboPot
quote:
Letitia James to Begin Claiming Donald Trump's Properties
Posted on 4/8/24 at 2:18 pm to GumboPot
Would be terrible if she got Clinton'ed
Posted on 4/8/24 at 2:22 pm to GumboPot
She is both crazy and stupid. NY governor better get a handle on this lunatic. She could cause a real implosion in that state.
Posted on 4/8/24 at 2:32 pm to POTUS2024
quote:
She could cause a real implosion in that state.
The ramifications will reverberate much farther than within the confines of NY. This is national, with possible global implications.
The hard Left has absolutely doubled down on stupid.
Posted on 4/8/24 at 2:33 pm to loogaroo
quote:
She just won Trump the election
no she didnt, but this is a dumb move though. I want to see it happen as I want to see it blow up in NYs face
Posted on 4/8/24 at 2:34 pm to GumboPot
They are winning the election for TRUMP. Hell he might be able to do without spending money on ads at this point. Thanks Laqueesha!
Posted on 4/8/24 at 2:35 pm to AubieinNC2009
quote:
I want to see it happen as I want to see it blow up in NYs face
If she starts taking his property and the hush money judge jails him, that will be too far for Americans. I think he wins.
Posted on 4/8/24 at 2:35 pm to POTUS2024
quote:
NY governor
Well she’s a loon too so…
Posted on 4/8/24 at 2:37 pm to SDVTiger
quote:
The backfire will be the all time greatest
Where did you buy your hopium?
Posted on 4/8/24 at 2:42 pm to GumboPot
1) Obtain outrageous judgment
2) Demand outrageous bond to suspend execution during appeal
3) Defendant/appellant cannot obtain bond because too high, seeks reduction
4) Gets reduction to less outrageous bond amount
5) Gets bond
6) Bond gets rejected because "reasons"
7) Start seizing shite.
Gotta love the NY "justice" system
2) Demand outrageous bond to suspend execution during appeal
3) Defendant/appellant cannot obtain bond because too high, seeks reduction
4) Gets reduction to less outrageous bond amount
5) Gets bond
6) Bond gets rejected because "reasons"
7) Start seizing shite.
Gotta love the NY "justice" system
Posted on 4/8/24 at 2:53 pm to GumboPot
quote:
Letitia James to Begin Claiming Donald Trump's Properties: Lawyer
SFP supports this totally “non-partisan” action
Posted on 4/8/24 at 3:00 pm to lsuguy84
quote:
lsuguy84
Perfect.
Posted on 4/8/24 at 3:12 pm to loogaroo
quote:
She just won Trump the election
I keep seeing this sentiment repeated but I am not seeing things the same way
The Dems have their justice system loaded and are attacking anything Trump while still throwing Conservative grandmas in prison while our elected officials can't bend over fast enough to sign off on absolutely everything that they want
I will gladly admit being wrong but if they are already going to the lengths they are with no repercussions then they will stop at nothing to retain the White House
Posted on 4/8/24 at 3:16 pm to Bobby OG Johnson
quote:
I will gladly admit being wrong but if they are already going to the lengths they are with no repercussions then they will stop at nothing to retain the White House
They better make sure they can. If they are wrong, it's going to be hell to pay.
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