19/03/2024
Die Uhr tickt…
BREAKING: CNN drops bombshell, reveals that Trump’s lawyers just told the New York appeals court overseeing the his civil fraud case that Trump “can’t find an insurance company to underwrite his bond to cover” his $454 million bond.
But it gets even WORSE for Trump…
CNN also reports that “Trump’s attorneys said he has approached 30 underwriters to back the bond, which is due by the end of this month.”
Adding insult to injury, Trump’s lawyers told the judge that “the amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude,”
CNN’s report continues, “The insurance broker, Gary Giuletti, who testified for Trump during the civil fraud trial, signed an affidavit stating that securing a bond in the full amount “is a practical impossibility.”
Potential underwriters are seeking cash to back the bond, not properties, according to Trump’s lawyers.”
Now, Trump’s lawyers are desperately begging the appeals court to “delay posting the bond until his appeal of the case is over, arguing that the value of Trump’s properties far exceed the judgment.”
Unfortunately for Donald Trump, everyone now knows that he grossly over values his properties — and insurance companies want cash instead of overvalued, fraudulent properties as collateral.
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