Trump Says he CANNOT Post Bond in New York Business Fraud Case
Justice Matters with Glenn Kirschner
Crossover Media Group
4.8 • 2.6K Ratings
🗓️ 21 March 2024
⏱️ 11 minutes
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Summary
In a new court filing, Donald Trump admitted that no surety or insurance company is willing to extend him a bond to cover his half-a-billion-dollar fraud judgment. This means that New York Attorney General Letitia James will begin the process of seizing Trump's properties to satisfy the judgment she won on behalf of the people of New York.
Glenn goes through some of the more absurd portions of Trump's new court filing which implores the New York appeals court to allow him more time to put up a bond as required by law. In a move that is as stunning as it is expected, even in this new court filing - Trump again grossly inflates the value of his Florida property, Mar-a-Lago.
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Transcript
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| 0:00.0 | It's time for Justice Matters with former federal prosecutor and MS NBC analyst Glenn Kirchner. Donald Trump has admitted no insurance company is willing to cover his nearly half a |
| 0:20.6 | billion dollar fraud judgment. What will happen? Here's Gwen. So friends, |
| 0:26.3 | looks like on the financial front, Donald Trump is done. |
| 0:32.6 | Let's start with the new reporting. |
| 0:34.6 | This from NBC News headline, |
| 0:38.3 | Trump has been unable to get bond |
| 0:41.0 | for $464 million dollar judgment his lawyers say. |
| 0:46.8 | And that article begins, |
| 0:48.4 | former President Donald Trump has not |
| 0:50.5 | been able to get a bond to secure the $464 million civil fraud judgment against |
| 0:57.1 | him and his co-defendants, his lawyers said in a court filing Monday. |
| 1:03.3 | Trump and his company need to post a bond for the full amount by next week in order to stop |
| 1:09.4 | New York Attorney General Letitia James from being able to collect while he appeals. |
| 1:16.3 | They've asked an appeals court to step in in the meantime and said Monday that they have not had any success getting a bond. |
| 1:25.0 | This quote from Trump's lawyers, |
| 1:28.0 | defendants ongoing diligent efforts have proven |
| 1:32.0 | that a bond in the judgment's full amount is a practical |
| 1:36.7 | impossibility, the filing said. |
| 1:40.1 | These diligent efforts have included approaching about 30 surety companies through four separate brokers. |
| 1:47.0 | Now, let's go through just a little bit of today's court filing by Trump and friends full disclosure |
| 1:55.7 | we're going to have a little bit of fun with this one because I think we deserve |
| 2:01.2 | to have a little bit of fun |
... |
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