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New York Attorney General Letitia James requested Thursday that former President Trump's attorneys or the company issuing his $175 million bond "file a motion to justify the surety" within 10 days. The presumptive GOP presidential nominee posted the $175 million bond earlier this week after a New York appeals court reduced the amount needed to appeal his $454 million judgment. The state's Supreme Court [a trial and intermediate appellate court in NY] on Wednesday had sent the bond paperwork back to Trump's legal team for correction without providing any details on deficiencies.

James is asking either Trump's legal team or Knight Specialty Insurance Company, which is not registered with the Empire State's Department of Financial Services, to prove that it is financially able to perform under the bond, court records show. Billionaire Don Hankey, California-based chairman of the company that offers high-interest loans to car buyers with low credit scores, underwrote the bond. Trump's legal team had faced difficulties in finding a company willing to secure such a large bond. The other side: A spokesperson for the Trump Organization said this was "pure harassment," per a statement to Axios. "The bond is fully collateralized and backed by 100% cash," the spokesperson added.
Billionaire Don Hankey has gone beyond campaign donations to support former President Trump ahead of the 2024 election. Hankey, California-based chairman of Knight Specialty Insurance, underwrote Trump's $175 million bond in a New York civil fraud case, as the 2024 presidential candidate's legal team appeals the judgment. Hankey, 80, presides over the $22.5 billion Hankey Group, which includes a real estate firm, Toyota dealership, auto insurance, rental car and dealer software companies, per Forbes. Knight Specialty Insurance provides high-interest loans to car buyers with low credit scores. Hankey's net worth is valued at $7.4 billion. Described as the "little-known king of subprime car loans," he ranked No. 358 on Forbes' real-time billionaire list as of Wednesday afternoon. He ranks a 1 on Forbes' 5-point "philanthropy scale," and Forbes gave him a 7 out of 10 on the "self-made score." He regularly rents out his Malibu beach house for commercial, TV show and movie film sets. Trump's legal team had difficulties finding a company willing to cover the previous $464 million bond.

He received rejections from about 30 companies that provide appeal bonds, the New York Times reported in March. Hankey reached out to Trump's team to negotiate a deal helping cover the previously higher bond, he told the Washington Post. Trump's legal team revived these talks, despite Trump having the cash to post the bond himself. He is charging Trump a "modest fee," per the Post, and Trump gets to keep his money. What they're saying: Hankey said the bond was a good business deal, per the Post, not a political one. "I will support him in the future, but I wouldn't consider myself a major supporter," Hankey told the Post. Hankey, his wife and two sons have donated to Trump's previous presidential campaigns, he told CNN.
https://www.axios.com/2024/04/03/trump- ... billionare
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

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It's not just James. The court filing system rejected the bond as lacking paperwork. Then there's an allegation that the TOS lawyers mislead the appeals court as to how much TOS COULD actually raise and it was the full amount. Hankey was originally willing to spot TOS the full amount. Not informing the appeals court is likely to be an ethics violation.
"Even if the bee could explain to the fly why pollen is better than shit, the fly could never understand."

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CDFingers wrote: Fri Apr 05, 2024 10:31 pm Cannon's "double jeopardy" gambit explained in legal detail:

[youtube]https://youtu.be/AoMYegxU0Sk?si=v_9P4fkZsTzZBly_[/youtube]

Let's see if Smith can either get out from under it or get her recused.

CDF
Either way, she's paid her debt to TOS. No matter HOW it plays there's now no way either TOS is convicted, or the trial concludes before the election.
IF the jury instructions go the way I think they will, Cannon will ensure no conviction is possible if they are followed. If the jury realizes they are total bullshit, and convicts him anyway, she'll set aside the verdict and acquit him--and he cannot be charged again. If, however the Smith appeals for recusal and the 11th either kicks her ass and warns her to cut the shit, or replaces her, she STILL wins for TOS because it delays a conclusion till after the election. Of course, if TOS loses the election and she's replaced by an unbiased competent judge, he's fucked!

Only if Smith can PROVE that Cannon made conviction impossible that the acquittal was not legal, could TOS be retried, but that's damn near impossible without proof that judge was bribed or blackmailed--or the jury was tampered with.
"Even if the bee could explain to the fly why pollen is better than shit, the fly could never understand."

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Donald Trump Is Demanding A New Judge Just Days Before The Start Of His Hush-Money Criminal Trial

NEW YORK (AP) — Former President Donald Trump is demanding a new judge just days before his hush-money criminal trial is set to begin, rehashing longstanding grievances with the current judge in a long-shot, eleventh-hour bid to disrupt and delay the case.

Trump’s lawyers — echoing his recent social media complaints — urged Manhattan Judge Juan M. Merchan to step aside from the case, alleging bias and a conflict of interest because his daughter is a Democratic political consultant. The judge rejected a similar request last August.

In court papers made public Friday, Trump’s lawyers said it is improper for Merchan “to preside over these proceedings while Ms. Merchan benefits, financially and reputationally, from the manner in which this case is interfering” with Trump’s campaign as the presumptive Republican presidential nominee.

The trial is scheduled to begin April 15. It is the first of Trump’s four criminal cases scheduled to go to trial and would be the first-ever criminal trial of a former president.

Merchan didn’t immediately rule. The decision is entirely up to him. If he were to exit, it would throw the trial schedule into disarray, giving Trump a long-sought postponement while a new judge gets up to speed.

Messages seeking comment were left for a court spokesperson and for Merchan’s daughter, Loren Merchan. The Manhattan district attorney’s office said it sees no reason for Merchan to step aside.

The defense’s claims that Loren Merchan is profiting from her father’s decisions require “multiple attenuated factual leaps here that undercut any direct connection” between her firm and this case, prosecutor Matthew Colangelo wrote in a letter to the judge.
In a separate development Friday, Merchan blocked Trump’s lawyers from forcing NBC to provide them with materials related to its recent documentary about porn actor Stormy Daniels, a key prosecution witness. He ruled that the defense’s subpoena was “the very definition of a fishing expedition” and didn’t meet a legal burden for requiring a news organization to provide access to its notes and documents.
Long article: https://www.huffpost.com/entry/trump-hu ... 63ffb9348b

TOS and his lawyers are going for the long shots to get the trial delayed or set it up to be thrown out on appeal. It looks like this judge is not going to put up with the BS that TOS and his lawyers are slinging. and hopefully when all is said and done TOS will be wearing an orange Jumpsuit.
Facts do not cease to exist because they are ignored.-Huxley
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis Brandeis,

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TrueTexan wrote: Sat Apr 06, 2024 9:30 am TOS and his lawyers are going for the long shots to get the trial delayed or set it up to be thrown out on appeal. It looks like this judge is not going to put up with the BS that TOS and his lawyers are slinging. and hopefully when all is said and done TOS will be wearing an orange Jumpsuit.

Hopefully before November if that's possible.

VooDoo
Tyrants disarm the people they intend to oppress.

I am sworn to support and defend the Constitution of the United States against all enemies, foreign and domestic.

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He can demand with one hand and shit in the other and see which one fills up first. Just because he has Cannon by the short and curlys in Florida doesn't mean he gets to pick his judges in New York, DC, or Georgia, where all 4 judges are smarter, competent, and more honest that Cannon.
"Even if the bee could explain to the fly why pollen is better than shit, the fly could never understand."

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Unlike the others, I think the hush money trial is likely to actually happen, but no one should get their hopes up about an orange jumpsuit. Even if he's convicted, there's a zero percent chance it'll result in jail time. His supporters will all believe the trial was rigged anyway.
Whatever I said above, just pretend I included the obligatory “both sides,” especially if I said something mean about Trump (don’t want to hurt any feelings).

www.schayden.com

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VodoundaVinci wrote: Sun Apr 07, 2024 10:58 am If he ends up in jail it's because he has earned and deserves that. My fear is that he'll get "Epsteined" and his Maggats will go crazy.

VooDoo
The world should be so lucky!! FDT
"Being Republican is more than a difference of opinion - it's a character flaw." "COVID can fix STUPID!"
The greatest, most aggrieved mistake EVER made in USA was electing DJT as POTUS.

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After a group of House Republicans proposed renaming Washington Dulles International Airport in Virginia after former President Donald Trump, a few of their Democratic colleagues responded by introducing their own bill that would bestow his name on a federal prison. The two-page bill, introduced Friday, would rename the Miami Federal Correctional Institution in Florida to be the "Donald J. Trump Federal Correctional Institution." Like the Republican bill, which would change the name of Dulles to the "Donald J. Trump International Airport," it is unlikely to go anywhere.

"When our Republican colleagues introduced their bill to rename Dulles after Donald Trump, I said the more fitting option would be to rename a federal prison," Rep. Gerry Connolly of Virginia said in a statement Friday. Connolly, whose district includes parts of the Dulles airport, introduced the measure with Rep. Jared Moskowitz of Florida and Rep. John Garamendi of California. "I see no reason to wait," Connolly said. "I hope our Republican friends will join us in bestowing upon Donald J. Trump the only honor he truly deserves."

The Democrats sought to needle Trump, the presumptive Republican presidential nominee, for the dozens of state and federal charges he is facing in four cases, including one in Florida, where he is accused of mishandling classified documents after he left the White House. Trump has pleaded not guilty to all of the charges and has denied any wrongdoing. "I cannot think of a more fitting tribute to our former president, Donald J. Trump, than renaming the closest federal prison to Mar-a-Lago in his honor," Garamendi said. It's the same prison where Peter Navarro, who was Trump's White House trade adviser, is serving a four-month sentence for defying a congressional subpoena related to the investigation into the Jan. 6, 2021, attack on the U.S. Capitol.
https://www.cbsnews.com/news/democrats- ... mi-prison/
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

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New 'red flags' raised over Trump's bond money after link to Grand Caymans revealed

“This just stinks to high heaven."

That is the opinion of one former insurance expert when shown documentation showing that the company that is backing Donald Trump's $175 million appeal bond has backed their own bet with funds supposedly held in the secretive tax haven of the Grand Caymans.

According to a report from the Daily Beast's Jose Pagliery, the more questions are raised about the Knight Specialty Insurance Company and its ability to come up with the money should the former president lose his financial fraud appeal, the murkier things get, setting off "red flags" from industry and financial experts.

As the report notes, "Former industry regulators and investigators told The Daily Beast that Knight Specialty Insurance Company being financially backed by a firm based in the Cayman Islands should raise eyebrows at the New York AG’s office—particularly because companies frequently organize in the Cayman Islands not just to avoid taxes, but also to minimize visibility into its business practices, avoid more stringent U.S. regulations, and make liability harder should things go wrong."

At issue are worries that Trump loses his appeal and that New York Attorney General Letitia James runs into a wall trying to collect the fine by dealing with the Grand Cayman company that may give her the runaround and may not have the money on hand.

Dave Jones, who formerly oversaw California's insurance market, made the "stinks to high heaven" remark and followed up by saying, "Taken in its totality, this dog does not hunt. Along every step of the way, this purported bond is problematic. It’s just one issue after another that calls into question whether this bond could ever possibly satisfy the judgment.”

Former New York Department of Financial Services superintendent Maria Vullo agreed and claimed the information should set off alarms.

“The risk here is the company will not have the liquidity to pay on the bond when demanded, and the beneficiary of this bond, the New York AG, may not have a direct claim against the reinsurer,” Vullo explained. “That the reinsurer is in the Cayman Islands compounds this issue as it is a non-U.S. jurisdiction, which makes collection very difficult.”

Tom Gober, a forensic accountant who has worked with the FBI, suggested the Grand Cayman connection is a major concern.

“The Caymans are widely recognized as a ‘secrecy jurisdiction.’ If you called the regulator in the Caymans and asked, ‘Can you tell me if Knight reinsurance has enough to cover these claims?’ Their laws require total confidentiality. Why?" he told Pagliery before adding, "In my professional opinion, all you really have to know is that you don’t know. It’s not transparent and it ought to be. They have less regulation and zero transparency. That’s all I need to know.”

“Why would you choose to send virtually all of your reinsurance to your own three companies in the Caymans? That’s like moving money from one pocket to another. The big question is: Do the Cayman affiliates have $323 million in liquid assets to honor these claims to Knight Specialty? If not, you’ve got problems,” he added.
Full article: https://www.rawstory.com/trump-fraud-bond-2667753290/

This doesn’t surprise me that TOS and the Insurance Company that supports the bond would be tied to the Grand Cayman Islands.
Facts do not cease to exist because they are ignored.-Huxley
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis Brandeis,

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They can realisticaly refuse to accept a loony bond from the Cayman Islands like they refused to accept a bond from Middle Earth or Neverland. Take a cash bond if you are going to drop it like that.
"It is better to be violent, if there is violence in our hearts, than to put on the cloak of non-violence to cover impotence. There is hope for a violent man to become non-violent. There is no such hope for the impotent." -Gandhi

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The Grand Cayman Islands is not a small player in the financial world.
Now you know why Cayman Islands banking has such a good reputation. They rank as the fifth-largest financial hub and are a global financial leader. Three-quarters of the world’s hedge funds are held by them, together with deposits worth about $7 billion.
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"Resistance is futile. You will be assimilated!" Loquacious of many. Texas Chapter Chief Cat Herder.

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sikacz wrote: Fri Apr 12, 2024 9:58 pm The Grand Cayman Islands is not a small player in the financial world.
Now you know why Cayman Islands banking has such a good reputation. They rank as the fifth-largest financial hub and are a global financial leader. Three-quarters of the world’s hedge funds are held by them, together with deposits worth about $7 billion.
The Cayman Islands are a self governing British territory, they aren't an independent country. Bermuda and the British Virgin Islands are other tax havens that are British territories.
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

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sikacz wrote: Fri Apr 12, 2024 9:58 pm The Grand Cayman Islands is not a small player in the financial world.
Now you know why Cayman Islands banking has such a good reputation. They rank as the fifth-largest financial hub and are a global financial leader. Three-quarters of the world’s hedge funds are held by them, together with deposits worth about $7 billion.
I remember when Swiss Bank accounts were the thing. Then it was Panama until the Panama Papers scandal, Beirut Lebanon was used for awhile to ruffle money till war came. Now we have the Grand Cayman Islands for hiding funds from the Taxman or other groups.
Facts do not cease to exist because they are ignored.-Huxley
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis Brandeis,

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I know Salon is a leftist rag. Yet from time to time they get it right.
Why America’s plutocrats are lining up to pay Trump's legal bills
It’s simple: Keeping Trump out of jail is cheaper than paying their fair share
https://www.salon.com/2024/04/13/why-am ... gal-bills/

What prevents America from becoming great is our tax code. I would like to see rates similar to what I grew up with in the 50's. I'd like to leave racial discrimination by law back in the past, thank you very much. I believe we can tax the rich without supporting a race-based underclass.

CDF
Crazy cat peekin' through a lace bandana
like a one-eyed Cheshire, like a diamond-eyed Jack

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One of the biggest booms in the US economy happened in the 1950s under a Republican President, Eisenhower. The government funded things like the expansion of the national highway system as part of the defense bills. We had many other federally funded projects, like building schools that were needed for the exGIs and there families that were having houses built under the GI Bill after they had gone to school under the GI Bill to get better educated for better jobs.

The tax rates were much higher for the wealthy and that helped the government pay for the things we take for granted today.

https://web.stanford.edu/class/polisci1 ... ackets.pdf
Facts do not cease to exist because they are ignored.-Huxley
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis Brandeis,

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highdesert wrote: Sat Apr 13, 2024 7:52 pm Our two political parties have changed a lot since the 1950s, they were different but they were moderate. Sadly it's a different world now.
I can understand a shift, but instead of having one a radicalized people’s party we have two radicalized corporatist parties.
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"Resistance is futile. You will be assimilated!" Loquacious of many. Texas Chapter Chief Cat Herder.

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sikacz wrote: Sun Apr 14, 2024 7:17 am
highdesert wrote: Sat Apr 13, 2024 7:52 pm Our two political parties have changed a lot since the 1950s, they were different but they were moderate. Sadly it's a different world now.
I can understand a shift, but instead of having one a radicalized people’s party we have two radicalized corporatist parties.
Yup, the centers aren't in control anymore, it's the wings of each party that dictate it's agenda. And with our money grubbing media, the loud extremes get all the attention.
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

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