Donald Trump’s bond posting is in even more trouble
All along we’ve said that while there was no way to predict whether Donald Trump would come up with the bond in his fraud trial, the one thing we did know was that there was no way he would get away with posting an illegitimate bond. After all, Letitia James and the judge in the trial aren’t rubes. If Trump tried to pull a fast one, they’d sniff it out, and they’d act accordingly.
Sure enough, Letitia James is already challenging the bond that Trump posted, asserting that the company isn’t licensed to post bond in New York. Others have asserted that the company doesn’t have enough cash to cover the bond. Now there’s new trouble.
The Daily Beast is reporting that the bond company is backed financially by another company in the Cayman Islands. This sets off all kinds of red flags, for obvious reasons. And it gives James even more legal ammunition for challenging the bond.
All of these shady stories about the bond company are largely being spun as “oh no Trump is getting away with it all” by the media. But in reality, if you’re rooting for Trump to not get away with it all, then the alleged shadiness of the bond is great news – because that means it can be rejected. If the bond were squeaky clean, Trump would be home free. But this is starting to look like the opposite. And if so, Trump will be right back on the hook for property seizures.
