Letitia James tells judge to Reject Trumps $175 Million Bond

Since this is election interference, I'm putting this in 2024 elections forum.
Mods please move if I got it wrong.

Letitia James tells the judge to reject Trumps $175 Million bond. Her reason is supposedly because Trump went with a small insurer that is not authorized to write business in New York and thus not regulated by the state's insurance department. This woman just won't stop until he's bankrupt, lost all his NYC buildings, and in jail.


Letitia James tells judge to Reject Trumps $175 Million Bond

The New York Attorney General's office asked a judge to void the $175 million bond secured in the New York civil fraud case.

In a filing on Friday, AG Letitia James' office said Trump and other defendants in the case failed to show there is enough identifiable collateral to back the bond.

The attorneys asked Judge Arthur Engoron to require Trump and other defendants to put up a replacement bond within seven days of ruling on the issue.

It comes after the James raised doubts earlier this month about the 'sufficiency' of the $175 million bond put up as Trump goes forward with the appeal in his New York fraud case.

The 26-page filing on Friday notes rather than Trump selecting a large national insurance company licensed in New York, he chose instead Knight Specialty Insurance Company (KSIC) 'a small insurer that is not authorized to write business in New York and thus not regulated by the state's insurance department.'

It stated the company has a total policyholder surplus of just $138 million and that Trump and KSIC failed to justify KSIC as surety 'on this extraordinarily large undertaking' for a number for reasons.

Earlier this month, James raised doubts about the 'sufficiency' of the $175 million bond given by California billionaire Don Hankey's company as the clock ticked down on Trump's deadline to post bond in the case.

a reply to: FlyersFan
It couldn't get any clearer that this has nothing to do with justice or righting some wrong Trump may have done. These cases are just persecution, not prosecutuon.

If the bond does not meet the requirements stipulated by New York law then why should it be honored? Why should Trump be given special treatment?

Trump is barred from doing business with any NY business or insurer, and now they are denying him the right to use an out of state insurer, that pretty much means they are denying his ability to appeal. This is a play to bankrupt Trump, take his NYC buildings, and throw him in jail. Total election interference and mob rule. That Letitia James keeps smirking ...

a reply to: FlyersFan

Trump is allowed to use New York businesses to secure his bond.

originally posted by: Threadbarer
If the bond does not meet the requirements stipulated by New York law then why should it be honored? Why should Trump be given special treatment?

if pigs had wings they could fly too, but they don't. Money in the bank is money in the bank. They can suck raw eggs.

a reply to: Threadbarer

And what NY business would risk the legal problems involved with that? They are afraid to work with Trump because no matter the outcome, they would still have to deal with this type of judicial system later.

They are just showing everyone how it is about getting Trump much more than following the law. There would be nothing to stop them from going after anyone that helped with the bond later.

originally posted by: Threadbarer
a reply to: FlyersFan

Trump is allowed to use New York businesses to secure his bond.

watching you prove over and over again that you have ZERO integrity is amusing.

Trump can stll be a bad man, and this not be right. But with a no integrity court, the justice system is used to attack a person who can't be attacked with other means. (it's a dick move) and you applaud it. Well done.

originally posted by: Threadbarer
If the bond does not meet the requirements stipulated by New York law then why should it be honored? Why should Trump be given special treatment?

Simple; Trump is not a flight risk and he is the Democrat party's top political rival; they should be seeking to remove any appearances of political persecution and not doubling down on the appearance of political persecution. Letitia James can take Trump's properties in December just as easily as she can now.

But this position would require the Democrat party to have integrity and respect for democracy and the roughly 50% of the American people who plan to vote for Donald Trump in the November election.

What's the alternative? Being content in the knowledge that you can say "neener neener" while further dividing the country along tribal lines? I thought the Democrats were supposed to be the adults in the room.

originally posted by: BeyondKnowledge3
a reply to: Threadbarer

And what NY business would risk the legal problems involved with that? They are afraid to work with Trump because no matter the outcome, they would still have to deal with this type of judicial system later.

They are just showing everyone how it is about getting Trump much more than following the law. There would be nothing to stop them from going after anyone that helped with the bond later.

That's an intriguing angle; are you suggesting that the unprecedented act of a Governor going on New York radio to "assure" NY businesses that if they are not conducting criminal behavior then they have nothing to worry about from her DOJ; caused a chilling effect wherein NY businesses would be reluctant to do business with Donald Trump? part in parcel with NY mafia tactics.

I don't know if we can assume that behavior from the New York Governor and her DOJ ... but all the same, I can't remember the last time an elected official has had to reassure the law abiding public not to worry after a criminal has been found guilty. It certainly isn't a good look. Unless you live in China or Russia maybe.

a reply to: Threadbarer

For the same reason Biden wants special treatment to stay on state ballots? Democracy! Lol, just kidding. I could give 20 examples right now of democrats subverting democracy in the last 4 years.

originally posted by: Boogerpicker
a reply to: Threadbarer

For the same reason Biden wants special treatment to stay on state ballots? Democracy! Lol, just kidding. I could give 20 examples right now of democrats subverting democracy in the last 4 years.

I remember not to long age Biden's DOJ gave Biden special treatment in not prosecuting him for mishandling classified documents for decades when they officially stated he was to old and absent minded to stand trial for hid alleged crimes.

originally posted by: Hakaiju
a reply to: FlyersFan
It couldn't get any clearer that this has nothing to do with justice or righting some wrong Trump may have done. These cases are just persecution, not prosecutuon.

NY Attorney General James
Judge Engoron
NY Governor Hochul

2024 is their best year from here on out.

a reply to: Dandandat3

New York state law states the ruling goes into effect 30 days after the ruling is filed. Trump's been given even longer than that. Per New York law, if he cannot post the bond then the appellate court cannot issue a stay on the lower court's ruling.

So why are you asking for Trump to be held to a different standard than everyone else in New York?

originally posted by: BeyondKnowledge3
a reply to: Threadbarer

And what NY business would risk the legal problems involved with that? They are afraid to work with Trump because no matter the outcome, they would still have to deal with this type of judicial system later.

They are just showing everyone how it is about getting Trump much more than following the law. There would be nothing to stop them from going after anyone that helped with the bond later.

Together , the NY insurance companies/business who works with Trump are stronger. They need to stick together in this.
Trump and these businesses.

originally posted by: Threadbarer
If the bond does not meet the requirements stipulated by New York law then why should it be honored? Why should Trump be given special treatment?

What NY Law(s) are cited by L.James this time? 😃

Maybe some of these wild ass NY Laws are actually not even legal as in unconstitutional. Due process is being infringed. Equal protection under the law too. 😀💡

originally posted by: Threadbarer
a reply to: Dandandat3

New York state law states the ruling goes into effect 30 days after the ruling is filed. Trump's been given even longer than that. Per New York law, if he cannot post the bond then the appellate court cannot issue a stay on the lower court's ruling.

So why are you asking for Trump to be held to a different standard than everyone else in New York?

New York Governor Kathy Hochul says target Donald Trump is being treated differently...by a different standard, due to his "behavior".

Source: thehill.com...

Hochul/James/Engoron set the precedent. We'll see how "different" they are treated in 12 months, or so.

originally posted by: Threadbarer
a reply to: Dandandat3

New York state law states the ruling goes into effect 30 days after the ruling is filed. Trump's been given even longer than that. Per New York law, if he cannot post the bond then the appellate court cannot issue a stay on the lower court's ruling.

So why are you asking for Trump to be held to a different standard than everyone else in New York?

I just explained why Trump should be held to a different standard; its all in my original post in this tread. So there is no need to repeat myself.

But those arguments notwithstanding; New York has a very loose bond system and gives the NY DOJ wide discretion how individual cases are handled. Its a rather hot topic here in New York of late; wherein liberal DAs and City Counsel are regulary allowing even violent criminals walk on cashless bail ... even when the Mayor of New York City repeatedly admits the city has a recidivist problem after some of those violent offenders go on to commit even more violent crimes.

NYC convictions plummet, downgraded charges surge under Manhattan DA Bragg

Soft-on-crime Manhattan District Attorney Alvin Bragg has downgraded more than half his felony cases to misdemeanors — while also managing to lose half of the felony cases that do reach court.

Since taking office on Jan. 1, Bragg has downgraded 52% of felony cases to misdemeanors — compared to 39% in all of 2019. Between 2013 and 2020, under District Attorney Cyrus Vance Jr., the percentage of cases the office downgraded had never exceeded 40%, according to data made public by the DA’s office.

NYP

Clearly NY gives its DOJ the ability to take circumstances into acount when prosecuting it's citizens for the greater good ot the state.

If violent criminals can so easly walk in NYC in order to push a more compassionate ideal about criminal justice reform; it is not a large leep to give leniency in this historic situation for the greater good of the country and to prove that the Democrats are not engaged in political persecution (assuming they aren't of course)


Now you go ... what is so important about ceasing Donald Trump's properties now instead of 7 months from now? In what capacity does that serve the people?

And what every reason you tell you're self to convince you're self that your on the side of "Righteousness"; how is that reason more important than allowing Democracy to work with out impediment; how is that reason more important than stoping even the perception of 'Political Persecution' in the US (a narrative that our enemies are only to happy to exploit)?

a reply to: FlyersFan

I wonder how many other innocent people these criminals
have put away. I thought these people were supposed to
have integrity but they're worse than anyone they've put
behind bars. They shouldn't be allowed to do this to anyone.
Who do they think they are degrading the whole justice
system. Psychopaths