tldrdaily.news logo
Tag

Fraud Judgment

All articles tagged with #fraud judgment

legalfinancial1 year ago

"Letitia James Challenges Trump's Bond Deal in Property Claim"

New York Attorney General Letitia James may soon begin enforcement proceedings on Donald Trump's properties as an insurance company, Knight Specialty Insurance, faces challenges in posting a $175 million bond for Trump while he appeals a fraud judgment. The company's paperwork has been rejected by a New York court, and questions have been raised about its financial backing. Trump's legal team and the insurance company are facing obstacles in preventing the enforcement proceedings, as the former president was fined $454 million in February for fraudulently inflating the value of his assets.

via Newsweek|
#dollar175-million-bond#donald-trump#fraud-judgment
legal1 year ago

"Trump's Hush Money Case: Live Updates and New Evidence Hearing in NYC Court"

Former President Trump is set to appear in a New York courtroom as his lawyers dispute new documents in the hush money case, leading to a trial delay. Manhattan DA Alvin Bragg charged Trump with falsifying business records related to payments to Michael Cohen, who paid Stormy Daniels to keep quiet about an alleged affair. Trump also faces a deadline to pay a $454 million fraud judgment in a separate case, with potential property seizure if he fails to do so.

via The Hill|
#alvin-bragg#fraud-judgment#legal
politics-legal1 year ago

"Eric Trump Concerned as Deadline Nears for Trump's $454 Million Fraud Judgment"

Former President Donald Trump faces the risk of New York's attorney general beginning to collect a $454 million civil business fraud judgment against him on Monday, with his son Eric accusing the AG of trying to bankrupt his father. Trump's lawyers claim he is unable to pay for an appeal bond to prevent the AG from collecting the judgment, and if the appeals court does not grant Trump a temporary waiver, the AG can begin seizing Trump properties to satisfy the judgment.

via CNBC|
#appeal-bond#donald-trump#eric-trump
business1 year ago

"NY AG Targets Trump's Properties for Unpaid Debt as Social Media Company Goes Public"

NY Attorney General Letitia James may seek the sale of 13 Trump properties, including the Seven Springs estate and Westchester Golf Club, if Donald Trump fails to pay his $457 million fraud judgment by the March 25 deadline. The properties, located across Manhattan and Westchester County, could be auctioned off by county sheriff's departments if Trump does not pay, secure an appeal bond, or declare bankruptcy.

via Business Insider|
#business#donald-trump#fraud-judgment
legal-politics1 year ago

"AG Challenges Trump's Appeal Bond Claims Amid Property Seizure Controversy"

New York Attorney General Letitia James opposes Donald Trump's request for a stay of his $464 million civil fraud judgment, arguing that his claim of being unable to secure a bond is unreliable and based on flawed premises. She suggests Trump could secure multiple smaller bonds or have his real estate interests held to satisfy the judgment. Trump's attorney criticizes the AG's move as an abuse of power, while the AG's filing criticizes Trump's attempt to introduce affirmations from individuals allegedly involved in the fraudulent conduct. The judgment stems from Trump's decade of business with fraudulent financial statements, and he was also barred from leading any New York company for three years.

via ABC News|
#appeal-bond#donald-trump#fraud-judgment
legalfinancial1 year ago

"Trump's Struggle to Secure $464 Million Bond Raises Bankruptcy Concerns"

Former President Donald Trump's attorneys have stated that it is a "practical impossibility" for him to obtain a bond to secure the $464 million fraud judgment against him in New York. They have approached about 30 surety companies through 4 separate brokers, but have been unable to secure the bond, which would require cash or cash equivalents totaling about $1 billion. Despite claiming inability to afford the bond, Trump's attorneys argue that the attorney general doesn't need to worry about collecting the judgment, as Trump's real estate holdings greatly exceed the amount of the judgment.

via NBC News|
#appeal-bond#donald-trump#fraud-judgment
legal-politics1 year ago

"Trump Ordered to Post $454 Million Bond in New York Fraud Judgment Appeal"

A New York appellate judge rejected Donald Trump's emergency request to post a $100 million bond while appealing a $454 million fraud judgment against him, ruling that he must post a bond for the entire judgment. The judgment stems from a ruling that ordered Trump and his company to pay the government for overstating the value of his real estate, and also barred him from doing business in New York for three years. The judge's temporary ruling now heads to a five-judge appellate panel to determine the appeal bond amount, with a deadline set for March 11 for the attorney general's office to file a written argument against Trump's request for a lower bond.

via USA TODAY|
#appeal-bond#attorney-general-letitia-james#donald-trump
legalfinancial1 year ago

"Trump's Mounting Legal Costs Reach Half a Billion Dollars Amidst Political Turmoil"

Former President Donald Trump owes over $1 million in interest on a fraud judgment, with the figure increasing by more than $110,000 daily until he pays New York the full settlement. Alongside the financial penalty, Trump was banned from taking out bank loans in New York and serving as a company director for three years. Trump's two adult sons were also ordered to pay $4 million each and barred from doing business in New York for two years. Trump's attorneys have filed a notice of appeal, and he has 30 days to post a roughly $400 million bond to stop collections.

via Newsweek|
#donald-trump#fraud-judgment#interest
politics1 year ago

"Political Figures React to Trump and Musk Fraud Judgments: Implications for the Rule of Law"

Former Republican Florida Gov. Jeb Bush defended former President Trump in a Wall Street Journal op-ed, criticizing the recent New York civil fraud court case that ordered Trump to pay a $354.8 million fine plus interest. Bush and co-author Joe Lonsdale argued that the rulings represent a crisis for the soundness of the courts and the business environment, warning of potential damage to the economy and arbitrary enforcement against entrepreneurs. They called for a dispassionate legal system and urged appellate courts to review the rulings. Trump has appealed the judgment, alleging political motivation by the presiding judge and New York Attorney General Letitia James.

via Yahoo News|
#civil-court-case#donald-trump#fraud-judgment
legal-politics1 year ago

"Trump's Legal Battles: Seizure Threats and Daily Interest on Fraud Penalties"

Donald Trump's lawyers have requested a 30-day delay in the enforcement of a $350 million civil fraud judgment against him, citing concerns with the proposed judgment drafted by the New York Attorney General's office. The judgment, issued by New York Supreme Court Justice Arthur Engoron, requires Trump to cover the judgment using a significant portion of his wealth and bars him and his sons from serving as officers or directors in any New York corporation. Trump plans to appeal the ruling, which found him and his company liable for defrauding banks and insurance companies by misrepresenting his net worth.

via The Washington Post|
#appeal-process#civil-fraud-ruling#donald-trump