Donald Trump Can't Pay $464 Million Bond In NY Fraud Case

Monday, March 18, 2024

The former president says it's "a practical impossibility" to post the $464 million bond in order to appeal his conviction in a civil fraud case.

Posted by qcp at 04:30 PM | 67 COMMENTS | permalink | Comment on This Entry |

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Well, then....I guess that one or more skyscrapers will be taken from Trump unless Big Daddy Putin steps in to save him.

#1 | Posted by Zed at 2024-03-18 11:26 AM | Reply

Mafia Don was counting on the 10 billion from DWAC, 7 for Trump Media and 3 for himself; money from China, Russia, and the Saudis via Kuwait, to come through, but that's being held up at the moment by a couple of agents who want a bigger cut.

My question is, what would happen to anyone else in his position that couldn't pay?

#2 | Posted by Corky at 2024-03-18 11:39 AM | Reply

Is Trump better off than he was 4 years ago?

#3 | Posted by lee_the_agent at 2024-03-18 01:21 PM | Reply | Funny: 4 | Newsworthy 2

HAW HAW HAW

#4 | Posted by Alexandrite at 2024-03-18 01:22 PM | Reply

Trump is now (if he wasn't before) a major security risk.

Do not give this man security clearance!

#5 | Posted by Alexandrite at 2024-03-18 01:23 PM | Reply | Newsworthy 2

His documented moral turpitude would be enough to deny a clearance for anyone else. Source: I used to be the S2 NCO for my squadron in the Marines.

#6 | Posted by qcp at 2024-03-18 01:37 PM | Reply | Newsworthy 2

The former president says it's "a practical impossibility" to post the $464 million bond in order to appeal his conviction in a civil fraud case.

Let the foreclosures begin.

This the party of the FAFO where he finds out.

via GIPHY

#7 | Posted by Nixon at 2024-03-18 01:46 PM | Reply

"Billionaire" cant pay half a billion dollars.

Send him money, morons! I love it.

#8 | Posted by Alexandrite at 2024-03-18 03:28 PM | Reply

Aw, poor insurrectionist!

BTW, the Supreme Court just refused to overturn a NM county's removal of a county commissioner under Article 14 because he participated in Jan 6th.

#9 | Posted by AMERICANUNITY at 2024-03-18 03:48 PM | Reply

Putin's bitch flagged as massive national security risk.

www.rawstory.com

#10 | Posted by reinheitsgebot at 2024-03-18 04:42 PM | Reply

Trump's Empty Pockets Make Him an Overseas Mark

www.bloomberg.com

It seems bunker bitch isn't moving enough shoes.

#11 | Posted by reinheitsgebot at 2024-03-18 04:48 PM | Reply

Ah poor Babee!

#12 | Posted by DMTDust at 2024-03-18 04:57 PM | Reply

After "countless hours negotiating with one of the largest insurance companies in the world ... obtaining an appeal bond in the full amount ... is not possible under the circumstances presented," Trump's brief states.

It's almost like his promises are worthless.

#13 | Posted by censored at 2024-03-18 05:10 PM | Reply

Fake billionaire, real problems.

#14 | Posted by johnny_hotsauce at 2024-03-18 05:13 PM | Reply | Funny: 1

www.drudgereport.com

Nice headline over at Drudge Report. Dotard is a broke ----- ass bitch.

#15 | Posted by reinheitsgebot at 2024-03-18 05:26 PM | Reply | Newsworthy 1

Wait. What happened to that $400MM that Der Dotard mentioned in court a few months ago? He shot that wad? And what about his progeny? Can't they lend some dough to their daddy-o? Or is it that the don't have it either, or are unwilling to part with their own money? One would think that Jared Kushner, the little wooden boy, would come across of have some of his Saudi pals come up with a loan.

I predict either (1) Trump will not be able to raise the dough in time, thus setting off a rant and numerous death threats, or (2) the cash will magically and mysteriously appear, more than likely from a foreign source eager to buy a fat, orange pet with questionable papers and a record of not being house-broken...

#16 | Posted by catdog at 2024-03-18 05:31 PM | Reply | Newsworthy 1

Wait, you mean the thing we've been saying since at least 2015 about him not being a billionaire is verifiable? Who could've guessed...?

This comes as no surprise to anyone, really. Just inconvenient in the short term, until the wingnut rubes hear from Sean Hannity how to spin it...or is that Jesse Waters guy their go-to now? Hard to keep track of the fascist icons after the dittoheads lost their mouthpiece.

#17 | Posted by chuffy at 2024-03-18 05:54 PM | Reply

Why is this a problem? If everyone that voted for Lewzer coughed up $6.25 he'd have it covered. Like how cheap are they?

#18 | Posted by REDIAL at 2024-03-18 06:01 PM | Reply | Newsworthy 1

#1...it's not Pooty Pants you have to worry about coming to Trump's rescue, but Elmo's Musk. And the price for his rescue will be very high...

#19 | Posted by earthmuse at 2024-03-18 09:21 PM | Reply

30 firms and his last bailout buddy, Chubb, all told him to take a hike.

#20 | Posted by YAV at 2024-03-18 10:18 PM | Reply

I'm sure Elon will save the day. He likes to waste money on stupid ----.

#21 | Posted by REDIAL at 2024-03-18 10:24 PM | Reply

Touche:

Eric Rosen
@erosen1

You know who actually has $464 million available? Taylor Swift.

#22 | Posted by Gal_Tuesday at 2024-03-18 10:33 PM | Reply | Newsworthy 2

GAL

Don't give up on Trump yet.

He's recently called in Paul Manafort for the rescue.

Manafort's talent is knowing lots of people with lots of money. They're called Russian Oligarchs. Practically family.

#23 | Posted by Twinpac at 2024-03-18 11:49 PM | Reply

They are coming for your buildings Trump!

Tick tock, tick tock!

HAAAAAHAHAHAHAHAHAHHHAHAHHAHHAHAHAHAHAAHAHA!

Little Lord Marmalade is about
to be dethroned...

#24 | Posted by earthmuse at 2024-03-19 06:54 AM | Reply

"His documented moral turpitude would be enough to deny a clearance for anyone else. Source: I used to be the S2 NCO for my squadron in the Marines."

It doesn't matter. For the grunts who work with Special Access Programs, you're kind of under a microscope. You are obligated to report any foreign contacts or relatives. You're required to fill out special paperwork any time you travel outside the US. You're required to report any significant life changes or interactions with Law Enforcement. Any sort of criminal act, drug use, or alcohol incident will almost certainly result in a loss of clearance. As an S2, you were/are familiar with this because SCI is similar, although not as strict.

In comparison, an elected or appointed official could snort coke off the bare ass of a hooker in a SCIF without getting their clearance revoked. For that to happen requires an act of congress (literally) in some cases. Furthermore, with the exception of DoE held material, the president is the highest classification authority. The president could go have a convo with Putin about UFOs at area 51 and that would be perfectly legal.

#25 | Posted by madbomber at 2024-03-19 08:01 AM | Reply

This forum needs an injection of conservative and cultural common sense if only to allow it to have real life intellectual balance.

Without political balance you get the same result of having one party like a senile Joe Biden and hidden staff or a do nothing VP like Kamala Harris that has done zero to fix any mission that she was ever assigned to do.

At least political balance results in exposure of the incompetence and worse that political coverup enables.

#26 | Posted by Robson at 2024-03-19 09:55 AM | Reply

"intellectual balance"? Who are you and what have you done with ROBSON?

#27 | Posted by Zed at 2024-03-19 10:00 AM | Reply

This forum needs an injection of conservative and cultural common sense if only to allow it to have real life intellectual balance.
Without political balance you get the same result of having one party like a senile Joe Biden and hidden staff or a do nothing VP like Kamala Harris that has done zero to fix any mission that she was ever assigned to do.
At least political balance results in exposure of the incompetence and worse that political coverup enables.

#26 | POSTED BY ROBSON

Translation: Bring back #AlternativeFacts

#28 | Posted by Sycophant at 2024-03-19 10:37 AM | Reply | Newsworthy 1

#26 "Equal Time for Nutjobs" is about articles published just to give an opposite side to a story, even if that opposite side has been proven false. Examples include 9/11 Truthers.

en.m.wikipedia.org

#29 | Posted by snoofy at 2024-03-19 10:48 AM | Reply

Don't let them bring you down Roboson!

While you are pretty lacking with any facts you do bring wonderful comic relief to me each time I check in.

It's also good to know how crazy the crazies have become.

Thanks!

#30 | Posted by donnerboy at 2024-03-19 02:12 PM | Reply

Finally something that Trumpy and me have in common.

Neither one of us can afford a $500 million dollar fine.

Apparently.

#31 | Posted by donnerboy at 2024-03-19 02:20 PM | Reply

Not surprising to anyone who understands business [which is very few libbies], as the majority of his wealth is tied up in real estate.

#32 | Posted by MSgt at 2024-03-19 03:04 PM | Reply

Everyone knows that the majority of his wealth is tied up in real estate. It's just that he recently lied under oath and said that he has $400 million in cash.

#33 | Posted by Zed at 2024-03-19 03:12 PM | Reply

Neither one of us can afford a $500 million dollar fine.

Sh*tler's only successful business is selling hats and flags to dummies.

#34 | Posted by Nixon at 2024-03-19 05:29 PM | Reply | Newsworthy 1

Everyone knows that the majority of his wealth is tied up in real estate.

Saudi "LIV" Arabia might want to take a few golf courses off his hands. They likely paid for a few of them in the first place. Be a good sports laundering venture.

#35 | Posted by REDIAL at 2024-03-19 06:10 PM | Reply

Panic mode sets in as dotard had been counting on Chubb giving fraud bond

www.rawstory.com

Dig deep, deplorables. You god-emperor needs you.

#36 | Posted by reinheitsgebot at 2024-03-19 11:26 PM | Reply

#32

How much is "naming rights" and how much does he own? I'll wait.

#37 | Posted by LegallyYourDead at 2024-03-19 11:37 PM | Reply

www.rawstory.com
Dig deep, deplorables. You god-emperor needs you.

POSTED BY REINHEITSGEBOT

AAaaaaaaaaaaahahahahahahahahaa!!!!!

#38 | Posted by rstybeach11 at 2024-03-19 11:38 PM | Reply

Touche:

Eric Rosen
@erosen1

You know who actually has $464 million available? Taylor Swift.

Posted by Gal_Tuesday at 2024-03-18 10:33 PM | Reply

You know who never had to hire a team of lawyers for stealing classified documents? Obama.

#39 | Posted by Nixon at 2024-03-20 07:36 AM | Reply

This forum needs an injection of conservative and cultural common sense if only to allow it to have real life intellectual balance.

Common sense is code for bulls^*%.

And your post lives up to it.

You support Trump and yet you think you have standing to speak to competence?

No, moron, just no.

#40 | Posted by jpw at 2024-03-20 08:21 AM | Reply

Not surprising to anyone who understands business [which is very few libbies], as the majority of his wealth is tied up in real estate.

#32 | POSTED BY MSGT

Typical righty. Walks into a room, smugly says "duhhhhhhh [insert obvious statement here followed by self back slapping dig at LiBruLz!!]" and thinks he's not the one being pointed and laughed at.

#41 | Posted by jpw at 2024-03-20 08:25 AM | Reply | Funny: 2

Not surprising to anyone who understands business [which is very few libbies], as the majority of his wealth is tied up in real estate.

#32 | POSTED BY MSGT

You obviously don't know much about business.

With a bond, SOMEONE ELSE fronts the financial guarantee while the Defendant assigns them collateral...often real estate. This is also how Trump got loans as well.

Your failed 2nd grade lemonade stand doesn't make you a business guru. You should have finished high school at least.

#42 | Posted by Sycophant at 2024-03-20 10:31 AM | Reply

conservative and cultural common sense

No such thing exists since the 1970's.

#43 | Posted by Nixon at 2024-03-20 11:10 AM | Reply

Defendant assigns them collateral...often real estate.

Dump like every other wingturd "real estate genius" constantly leverages his real estate to fund his lifestyle to the max.

That's why no one will bond him. He is over leveraged.

All the billionaires he stole money from social security to give to them through tax cuts are all turning their backs on him now.

They're treating him just like he treats everyone around him. Karma is bitch.

#44 | Posted by Nixon at 2024-03-20 11:15 AM | Reply

Not surprising to anyone who understands business [which is very few libbies], as the majority of his wealth is tied up in real estate.

#32 | POSTED BY MSGT

Hey! We know stuff! Trumpy taught us all about the value of real estate.

Trumpy taught us it's a great place to hide ill gotten Russian bribes.

#45 | Posted by donnerboy at 2024-03-20 11:28 AM | Reply

The Eighth Amendment prohibits the government's imposition of excessive fines. The excessive fines clause is similar to the prohibition against excessive bail. The court must balance the fine versus the nature of the offense. This protection applies to both civil and criminal cases.Nov 16, 2023

The Eighth Amendment and Criminal Punishment - FindLaw

What they are doing to Trump is literally unconstitutional, yet we know that dems have little resspect for the US Constitution as they ignore what they do not like/want.
This is why the ridiculously high fine to block the appeal as they know that would lose in the end.

#46 | Posted by MSgt at 2024-03-20 11:34 AM | Reply

"What they are doing to Trump is literally unconstitutional"

Commit a $450M fraud pay a $450M fine.
What's the problem?

#47 | Posted by snoofy at 2024-03-20 11:43 AM | Reply | Newsworthy 1

"The Eighth Amendment prohibits the government's imposition of excessive fines."

Whaaa!

How is it excessive? It has to be enough to prevent him and others from doing it again.

And Trumpy is a billionaire and the fine is not over a billion. That's leaves him plenty. Poor Rudy Colludy isn't going to have anything left after he pays his fines.

Momma always said, "Don't do the crime if you can't pay the fine."

Also Life like a box of chocolates you never know when you are gonna have to use your chocolates to pay your fines.

#48 | Posted by donnerboy at 2024-03-20 11:59 AM | Reply

"The Eighth Amendment prohibits the government's imposition of excessive fines."

We're not dealing so much in fines, as repayment of fraudulently gotten gains, with interest.

For example, if the IRS goes after Trump for trying to deduct Stormy's $130,000 hush money payment, he'd owe back taxes, interest, and some fines, yes, but the vast majority of the "owe" would be what was originally owed in the first place. And "not tacking on interest" would just encourage cheating, since that'd be a de facto interest-free loan.

#49 | Posted by Danforth at 2024-03-20 12:10 PM | Reply

Since the court's decisions are that Trump defrauded Deutsche Bank, then any taking of properties should be turned over to them as the state of NY has no valid claim then so must go to the defrauded party by law.

#50 | Posted by MSgt at 2024-03-20 03:32 PM | Reply | Funny: 1

#50

Law Degree from Trump U.

#51 | Posted by Corky at 2024-03-20 03:34 PM | Reply | Funny: 1

The Eighth Amendment and Criminal Punishment - FindLaw

#46 | Posted by MSgt

If trump is worth 11 billion as he claims, then this is not an excessive fine. It's a fine large enough for him to feel it and therefore change his criminal behavior.

Are you saying he's not really worth 11 billion?

#52 | Posted by SpeakSoftly at 2024-03-20 03:38 PM | Reply

Their claim that no bonding companies will touch a bond in this amount reeks of pure ----. First, if the bond could be adequately collateralized, any big company would do it. Second, if size alone js the issue, there is nothing stopping him from seeking several smaller bonds from many companies that add up to the total, as has been done in several large NY cases.

My speculation is, the reason he doesn't want to post a bond is there will be no way to blame partisans when a bonding company comes to take all his ----. When it's a black female politician doing it, he can blame blacks, females and democrats.

#53 | Posted by JOE at 2024-03-20 03:45 PM | Reply | Newsworthy 1

I would also point out that the affidavit provided from the broker handling their bonding efforts is vague and highly argumentative. I have not practiced law in NY but typically an affidavit is a place to establish clear facts and nothing more.

In this case the affiant says things like he reached out to "virtually every major surety in the market." What does virtually every mean, how many didnt he reach out to and why, what market is he talking about.

He spent "countless hours" seeking a bond, okay, how many?

Every statement about being unable to procure a bond says he couldnt get one for the full judgment amount, ok, what about several smaller ones?

"Most" sureties "typically" charge a premium in the range of 2%, okay, nobody cares what is typical, what happened in this case?

"Astronomical," "crippling," "punitive," these are not words for an affidavit.

#54 | Posted by JOE at 2024-03-20 03:55 PM | Reply | Newsworthy 1

Sounds like Trump dictated it in a late night tweet.

#55 | Posted by Corky at 2024-03-20 04:00 PM | Reply

I've had a several customers who couldn't obtain a surety bond.

Financially, they didn't qualify.

3 year financial performance
poor current ratio

inadequate personal financial statement

#56 | Posted by eberly at 2024-03-20 04:02 PM | Reply

Those are bulls*** words for someone who just want to delay and stall.

"Virtually" is a major weasel word. If he said "every" and the judge called a surety and they said "No, he never called" then that would be perjury. Now he gets to say "Well I said virtually" I must have missed a few.

Just a stall tactic like everything else he's done.

He has had MONTHS to arrange for a bond. We knew back in September that he was guilty in the civil fraud case. Six months.

Just more b***** from the king of b*******

#57 | Posted by Nixon at 2024-03-20 04:13 PM | Reply

"What they are doing to Trump is literally unconstitutional"

Holding a private citizen accountable for fraud is unconstitutional?

Dig up Ken Lay and Bernie Madoff and tell them.

#58 | Posted by Nixon at 2024-03-20 04:17 PM | Reply

"Since the court's decisions are that Trump defrauded Deutsche Bank..."

That's not what the court decided.

But prove me wrong, Find the specific wording you're claiming. Because so far, you just seem to be barfing bullschittt.

#59 | Posted by Danforth at 2024-03-20 04:59 PM | Reply

"I've had a several customers who couldn't obtain a surety bond."

Were any claiming to be billionaires at the time?

#60 | Posted by Danforth at 2024-03-20 05:04 PM | Reply

of course not. but Joe was suggesting the lawyer is lying and claiming it's not true.

None of us know obviously but I'm just saying it's quite possible it's true.

Would you loan Trump $464 million no matter what he pledged to you in writing?

#61 | Posted by eberly at 2024-03-20 05:07 PM | Reply

Would you loan Trump $464 million no matter what he pledged to you in writing?

#61 | POSTED BY EBERLY

Are all his properties already mortgaged to the hilt?

Apparently his rabid base will line up just to buy squares of his clothing. Can you imagine the feeding frenzy if he had an estate sale of his stuff?

IT WOULD BE A BLOODBATH!

If there is equity in his property there is no reason for the banks not to take it as collateral.

It will always be worth something to maga maroons.

#62 | Posted by donnerboy at 2024-03-20 05:16 PM | Reply

Surety companies look way harder at current assets vs current liabilities than the long term balance sheet. Real Estate will be long term....

Liquidity is scrutinized hard because that's what they want to get their hands on in the event of a default.

and my guess they are leveraged pretty heavily...which explains why there are no takers.

I know nothing is simple anymore....but this could simply be what we've always expected. Trump has been lying about his net worth forever.

#63 | Posted by eberly at 2024-03-20 05:21 PM | Reply

I've had a several customers who couldn't obtain a surety bond.
Financially, they didn't qualify.
3 year financial performance
poor current ratio
inadequate personal financial statement

I never said failing to qualify wasn't a thing. Trump's argument is different; he's claiming bonding companies simply don't do this, which isn't true - unless he's broke.

#64 | Posted by JOE at 2024-03-20 05:54 PM | Reply

"First, if the bond could be adequately collateralized, any big company would do it."

You wrote it right there. My bad

That's twice today, Joe

#65 | Posted by eberly at 2024-03-20 06:05 PM | Reply

@#62 ... Are all his properties already mortgaged to the hilt? ...

That's what I'm wondering.

That fmr Pres Trump's properties currently have so many liens upon them that there is not enough free capital available to guarantee the bond's amount.

An odd situation for a person who stated under oath a year ago that he has something like $400 million in cash and that amount is growing quickly.

Trump said he had $400M in cash. Now his lawyers say bond is a struggle.
www.washingtonpost.com

... In a filing Wednesday, Trump's lawyers asked for a delay and offered to post a bond of just $100 million rather than the full amount. They called the full amount a "facially absurd" judgment and added that its terms preventing him from obtaining loans "make it impossible to secure and post a complete bond." ...

In an April 2023 deposition, Trump volunteered that he had "substantially in excess of 400 million in cash."

"Developers usually don't have cash. They have assets, not cash," Trump said. "We have, I believe, 400 plus and going up very substantially every month." ...

#66 | Posted by LampLighter at 2024-03-20 06:13 PM | Reply

Forgot to note, the article in @66 is from February 2024.

#67 | Posted by LampLighter at 2024-03-20 06:20 PM | Reply