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Quoted By: >>1279982
https://www.newsweek.com/full-list-companies-denied-trump-bond-1880543
A Monday filing from former President Donald Trump's legal team revealed the full list of entities that denied requests to cover his sizable civil fraud trial bond.
New York Attorney General Letitia James brought a civil fraud lawsuit against Trump in 2022, accusing him—as well as his adult sons, Donald Jr. and Eric, and other officials with the Trump Organization—of a years-long scheme in which he inflated his net worth and the value of his assets in order to obtain more favorable business loans.
Despite Trump's claims of innocence, Judge Arthur Engoron found him liable for fraud last fall. Trump was ordered to pay a penalty of $355 million, which, with interest, came to a total of over $454 million. In order to appeal the decision, as he has stated his intention to do, Trump will be required to post an appeal bond of $464 million.
In a filing submitted to a mid-level New York appeals court on Monday, Trump's legal team admitted that he had been unable to secure the backing for the bond after asking numerous entities. The filing explained that, for an amount as high as $464 million, real estate, Trump's key asset type, could not be put forward as collateral.
In a footnote, the filing laid out a list of "some of" the sureties that had been contacted about the bond by Trump's brokers, but which ultimately declined to back it. The list was as follows: Applied Underwriters (SiriusPoint), Allianz, Amynta, Arch, Argo, Ascot, AXA XL, Berkley, Berkshire Hathaway, CAP Specialty, Chubb, Cincinnati, CNA Surety, DUAL/Axis, Everest Re, Frankenmuth, Hartford, Hudson, IAT (Harco), Intact, Liberty, Munich Re, Philadelphia Indemnity, MainStreet (NGM), Markel, Nationwide, RLI, Skyward (Great Midwest), Sompo, Swiss Re, Tokyo Marine HCC, Travelers, and Zurich.
A Monday filing from former President Donald Trump's legal team revealed the full list of entities that denied requests to cover his sizable civil fraud trial bond.
New York Attorney General Letitia James brought a civil fraud lawsuit against Trump in 2022, accusing him—as well as his adult sons, Donald Jr. and Eric, and other officials with the Trump Organization—of a years-long scheme in which he inflated his net worth and the value of his assets in order to obtain more favorable business loans.
Despite Trump's claims of innocence, Judge Arthur Engoron found him liable for fraud last fall. Trump was ordered to pay a penalty of $355 million, which, with interest, came to a total of over $454 million. In order to appeal the decision, as he has stated his intention to do, Trump will be required to post an appeal bond of $464 million.
In a filing submitted to a mid-level New York appeals court on Monday, Trump's legal team admitted that he had been unable to secure the backing for the bond after asking numerous entities. The filing explained that, for an amount as high as $464 million, real estate, Trump's key asset type, could not be put forward as collateral.
In a footnote, the filing laid out a list of "some of" the sureties that had been contacted about the bond by Trump's brokers, but which ultimately declined to back it. The list was as follows: Applied Underwriters (SiriusPoint), Allianz, Amynta, Arch, Argo, Ascot, AXA XL, Berkley, Berkshire Hathaway, CAP Specialty, Chubb, Cincinnati, CNA Surety, DUAL/Axis, Everest Re, Frankenmuth, Hartford, Hudson, IAT (Harco), Intact, Liberty, Munich Re, Philadelphia Indemnity, MainStreet (NGM), Markel, Nationwide, RLI, Skyward (Great Midwest), Sompo, Swiss Re, Tokyo Marine HCC, Travelers, and Zurich.
