Wait a minute..the court has rejected Trump's lower surety bond in his fraud case...one wonders why?
A review of the New York County Supreme Court docket on Wednesday shows that paperwork for former President Donald Trump‘s newly-secured bond of $175 million was temporarily rejected and “returned for correction.”
Donald Trump's problematic $175 million bond to cover his New York civil fraud appeal has raised questions about what exactly led to the rejection of his insurer's paperwork, says a legal analyst.
Rubin pointed out that the court has rejected the paperwork of the insurance company that posted the bond for Trump. Insurance companies routinely provide court bonds for a fee.
"The financial statement that is missing does not seem to be Trump's. Rather, the court appears to be demanding these documents from Knight Specialty Insurance Co. to ensure that the company is sufficiently capitalized and authorized to post the bond," Rubin wrote on Wednesday.
"Meanwhile, we still don't know what fee Trump paid for the bond or exactly what collateral he pledged," Rubin added.
The court would likely reject Trump's bond if the paperwork is not corrected. That would mean Trump would lose his right to appeal Engoron's fraud judgment and the $454 million would be due.
Attorney Tristan Snell, author of Taking Down Trump about his experience suing Trump on behalf of students of the failed Trump University, noted that the insurance paperwork has been "returned for correction"
"[The] court demands that the bond underwriter, Knight Insurance, provide more info about their own solvency and authorization to cover the bond. Is there something else shady in how Trump's bond is being handled?" Snell wrote on X on Wednesday.
A review of the New York County Supreme Court docket on Wednesday shows that paperwork for former President Donald Trump‘s newly-secured bond of $175 million was temporarily rejected and “returned for correction.”
Donald Trump's problematic $175 million bond to cover his New York civil fraud appeal has raised questions about what exactly led to the rejection of his insurer's paperwork, says a legal analyst.
Rubin pointed out that the court has rejected the paperwork of the insurance company that posted the bond for Trump. Insurance companies routinely provide court bonds for a fee.
"The financial statement that is missing does not seem to be Trump's. Rather, the court appears to be demanding these documents from Knight Specialty Insurance Co. to ensure that the company is sufficiently capitalized and authorized to post the bond," Rubin wrote on Wednesday.
"Meanwhile, we still don't know what fee Trump paid for the bond or exactly what collateral he pledged," Rubin added.
The court would likely reject Trump's bond if the paperwork is not corrected. That would mean Trump would lose his right to appeal Engoron's fraud judgment and the $454 million would be due.
Attorney Tristan Snell, author of Taking Down Trump about his experience suing Trump on behalf of students of the failed Trump University, noted that the insurance paperwork has been "returned for correction"
"[The] court demands that the bond underwriter, Knight Insurance, provide more info about their own solvency and authorization to cover the bond. Is there something else shady in how Trump's bond is being handled?" Snell wrote on X on Wednesday.
