Donald Trump’s increasingly questionable bond could end up getting rejected
When Donald Trump posted $175 million bond in his New York civil fraud verdict, but the bond company omitted key required details about its own financial status, it suggested that there was more to it than met the eye. Who lays out $175 million but forgets to include the required paperwork?
If it was enough to make you wonder if the bond company was hiding something, it turns out you’re not the only one. New York Attorney General Letitia James is now formally questioning the legitimacy of the bond, as she’s accusing the company of not even being allowed to post bonds in the state. Others have dug into the bond company’s finances, and are asserting that it simply doesn’t have the money to cover such a bond.
As is always the case in the legal system when the truth is in question, there will now be a process to determine whether the bond is indeed legitimate. The judge will ask Letitia James and the bond company to make their best legal arguments, and then the judge will sort it out. We don’t have to speculate about whether the bond is legitimate, because the judge will end up giving us a definitive answer.
But what if the bond does turn out to be illegitimate, and the courts disqualify it? That’s when things would get interesting. Trump would once again be on the hook to come up with a $175 million bond. And if the first bond he posted is indeed illegitimate, it’s unlikely he’ll be able to come up with a legitimate bond from anywhere else. In such case the courts would presumably allow Letitia James to begin the asset seizure process after all.
Again, the courts will determine whether or not the bond that Trump posted is legitimate. But from the start we pointed out that Trump wasn’t going to be able play games with his bond and get away with it. Letitia James isn’t some rube. The judge in the case is a straight shooter. If the bond isn’t legitimate, Trump will lose – and he’ll look even more foolish for having not been able to post a legitimate bond.
