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Bond Requirement

All articles tagged with #bond requirement

world8 days ago

U.S. Expands Visa Bond Requirements to Additional Countries

The Trump administration has expanded its visa bond policy to include 25 additional countries, mostly in Africa, South America, and Asia, requiring travelers to post bonds up to $15,000 as part of efforts to reduce visa overstays and immigration. The new requirements will take effect on January 21, affecting visa applicants from these countries, with some countries like Venezuela and Cuba being added amid geopolitical tensions. The policy aims to deter overstays but does not guarantee visa approval.

via Axios|
#bond-requirement#immigration#international-travel
world9 days ago

US Adds Countries Requiring Visa Bonds Up to $15,000

The US has expanded its list of countries whose citizens must pay bonds of up to $15,000 to apply for visas, adding seven countries including five in Africa, as part of stricter immigration measures by the Trump administration. The bonds aim to prevent visa overstays but do not guarantee visa approval, and the process has made obtaining US visas more costly and challenging for citizens of these nations.

via AP News|
#africa#bond-requirement#immigration
legalpolitics1 year ago

"Unveiling Trump's Secret Bond Deals: Billionaires, Millions, and Legal Questions"

Former President Donald Trump's lawyers told a New York court that it was impossible to obtain a bond for the full amount of a civil fraud case judgment, but a billionaire lender later offered to provide the bond. The lawyers did not inform the court of this development, potentially violating ethics rules. The court ultimately lowered the bond to $175 million, and the lender provided the bond for that amount. Legal ethics experts suggest that Trump's lawyers may have had an obligation to update the court about the new bond offer. The case involves allegations of fraudulently inflating net worth, and the New York attorney general has requested proof of the lender's financial means to fulfill the bond.

via ProPublica|
#bond-requirement#civil-fraud-case#donald-trump
legalpolitics1 year ago

"New York AG Questions Handling of Trump's $175M Civil Fraud Appeal Bond"

New York Attorney General Letitia James has raised concerns about the $175 million bond provided by Knight Specialty Insurance Company for Donald Trump's civil fraud case, questioning if it meets legal requirements. The company's qualification to provide the bond is being challenged, and a hearing on the issue is scheduled for April 22. Trump and his co-defendants were originally required to post $464 million to shield their assets during the appeal, but a New York appeals court reduced the amount to $175 million. Trump is personally liable for nearly the entire judgment of about $454 million imposed by the court.

via USA TODAY|
#bond-requirement#civil-fraud-case#donald-trump
legalfinancial1 year ago

"Trump's $500 Million Bond Deadline Looms: What Happens Next?"

Donald Trump faces a deadline to put up a half-billion-dollar bond to stop New York Attorney General Letitia James from seizing his assets while he appeals a civil fraud case ruling. His options are limited, with the appeals court yet to reach a final decision on his request to waive the bond requirement. If he fails to post the bond, James could begin seizing his assets, including New York properties, as part of an unprecedented showdown. Trump's potential avenues include finding the money, court intervention, or filing for bankruptcy, but each comes with its own challenges and implications.

via The Washington Post|
#asset-seizure#bond-requirement#civil-fraud-case