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‘Something’s Fishy Here’: Trump’s Latest $175 Million Bond Filings Questioned by Experts

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Attorneys for Donald Trump waited until less than two hours before midnight Monday to file revisions to the ex-president’s $175 million bond for the judgment in his civil fraud case after New York State Attorney General Letitia James questioned the validity of his first bond. Legal experts are now questioning details of the new bond filings. Some suggest a portion of the $175 million might also currently be in use to secure other debts or obligations.

After Trump was found liable for manipulation of his net worth in the civil business fraud case and ordered to pay a $354.9 million penalty plus interest, he was required to post bond to ensure the people of the State of New York would receive $454.2 million if his appeal is unsuccessful.

“The judge said that the former president’s ‘complete lack of contrition’ bordered on pathological,” The New York Times reported two months ago.

Trump’s attorneys later declared it impossible for him to come up with a bond of that amount, and an appeals court drastically reduced the required bond amount to $175 million.

READ MORE: ‘Your Client Is a Criminal Defendant’: Judge Denies Trump Request to Skip Trial for SCOTUS

After 10 PM Monday night, ahead of the midnight deadline, attorneys for Donald Trump in court filings said the $175 million bond is secured, and is tied to a Trump account at Charles Schwab that has over $175 million in cash, CNN reports. The filing states the California company securing the bond, Knight Specialty Insurance Company (KSIC),  has administrative access to it and can pay out the $175 million if needed.

Trump’s attorneys “asked the judge to set aside the attorney general’s challenge to the bond and award him costs and fees.”

Professor of law Andrew Weissmann, a frequent MSNBC legal analyst and former Dept. of Justice official, is raising questions.

“Something’s fishy here,” he wrote late Monday night. “If Trump has $175M free and clear, why not just directly post it and not pay a fee for a surety bond? And the agreement does not give Knight a lien on the account as collateral and seems to afford Trump a two-day window to dissipate the account.”

A screenshot of a portion of the filing, posted by MSNBC’s Lisa Rubin, states, “Schwab, as custodian of the account, has acknowledged KSIC’s right to exercise control over the account within two business days of receiving notice from KSIC of KSIC’s intent to activate the control.”

Attorney and journalist Seth Abramson in a series of posts on social media claimed, “so this is looking very bad for Donald Trump. He says in his Monday night filing that the Schwab account has $175.3 million *in total*, so *if* Axos Bank is depending on that same account for a (semi-)liquid $100M in collateral on another loan, this bond filing is DOA.”

After asking, “Is Trump double-dipping?” Abramson posted more details.

NCRM has not verified those claims.

Attorney Lupe B. Luppen adds, “it took about ten seconds from opening the account security agreement to find a significant drafting error, which makes the signature page look like it belongs to a different agreement (DJT Jr’s attestation identifies the wrong secured party—a Chubb co.).”

READ MORE: ‘Scared to Death’: GOP Ex-Congressman Brings Hammer Down on ‘Weak’ Trump

Late Monday night on MSNBC Weissmann “expressed incredulity,” as Mediaite reported, saying of Trump and his bond: “It is just so remarkable. This is somebody who has been found by two juries to have defamed somebody, who has been found to have sexually assaulted somebody – the company of which has been found criminally liable for a decade-long tax conspiracy, criminally, and has been found to have committed fraud, has to post a bond of $175 million, is on trial starting today for a criminal case involving 34 felonies.”

“And he can’t find a frigging company that is registered in New York? Meaning, that they are licensed to do business here, which it appears they are not, and that has the wherewithal to pay the money because remember, the whole point is that you either have to put up the money now or you have to find a bond company that is sufficiently liquid that the plaintiff can look to that bond company if at the end of the day the judgment is affirmed.”

Attorney General Letitia James earlier had alleged KSIC, the company that secured the bond, was not registered to do so in New York. Experts questioned the language of that filing, claiming it did not require the company that secured the bond to actually pay out $175 million should Trump lose his appeal and be ordered to pay the full amount.

Calling it a “bizarre contract,” earlier this month The Daily Beast reported, “the legal document from Knight Specialty Insurance Company doesn’t actually promise it will pay the money if the former president loses his $464 million bank fraud case on appeal. Instead, it says Trump will pay, negating the whole point of an insurance company guarantee.”

READ MORE: ‘Not a Good Start’: Judge Slams Trump’s ‘Offensive’ Recusal Claims as a ‘Loose End’

 

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LA Mayor a ‘Communist’ Alleges Fox News Host With Ties to Trump Nominee

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Los Angeles Mayor Karen Bass, a six-term Democratic former U.S. Representative, is being branded a “solid communist” and a “communist sympathizer” by a Fox News host whose husband is a Trump cabinet nominee. The attack comes as the city deals with the massive wildfires that have killed 24 people and caused tremendous and historic damage to over 60 square miles of California. More than 12,000 structures reportedly have been destroyed and 92,000 people are under evacuation orders.

Fox News’ Rachel Campos-Duffy is married to former Fox News host and Republican former U.S. Rep. Sean Duffy, President-elect Donald Trump’s Transportation Secretary nominee. She has a history of throwing around the divisive “communist” label. On Monday, she joined the pile-on of attacks against the L.A. mayor.

“You know, listen, a lot of people have been talking about, you know, who’s to blame, you know, whether it’s [Governor] Gavin Newsom or the mayor,” Campos-Duffy told the right-wing channel’s viewers in what appeared to be prepared remarks. “A lot of people don’t realize that Karen Bass is actually, you know, we talk about these left wing, left wing policies.”

READ MORE: Senator Suggests Unusual Interpretation of ‘Advice and Consent’ Responsibility

“She has ties to communism —she was cutting sugar cane in Cuba, um, she’s had 15 trips to Cuba, met with Fidel Castro,” Campos Duffy continued. “She is a solid communist, so don’t be surprised that your policies make your city, um, look like this when you, when you put a communist, somebody, a communist and a communist sympathizer at the top of your um of the heap as the mayor of Los Angeles, it’s uh, not surprising. Um, they manage things— look at how Cuba’s managed and now look at this.”

Campos-Duffy, a devout MAGA supporter and longtime Trump defender, earlier this month called January 6 rioters “political dissidents,” a term traditionally reserved for individuals persecuted for opposing authoritarian or oppressive governmental authority or policies.

Bass has indeed has traveled to Cuba, according to multiple reports, and “spent part of the 1970s working construction in Fidel Castro’s Cuba with the Venceremos Brigade, a group that has organized annual trips to Cuba for young, leftist Americans for half a century,” The Atlantic reported in 2020.

READ MORE: Trump Trying to Buy Back His DC Hotel Seen as ‘Magnet’ for Conflicts of Interest: Reports

That was five decades ago, work that began when Bass was 19 and doing volunteer work.

“The best way to think of Bass’s politics at the time—and now—is ‘as a Black activist who was deeply concerned about what the activists are raising today: systemic racism,'” Bass told Edward-Isaac Dovere, when he wrote for The Atlantic. She added: “I was also deeply concerned on the international front about issues like apartheid in South Africa and supporting the independence movements in Africa. And a lot of times that did not align with U.S. policy.”

Bass has said point-blank she is not a communist.

“I’m not a socialist. I’m not a communist,” Bass told NBC News in 2020. “I’ve belonged to one party my entire life and that’s the Democratic Party, and I’m a Christian.”

Political commentator Keith Olbermann declared he hopes Mayor Bass sues Campos-Duffy “into the ground.”

Watch the video clip below or at this link.

READ MORE: ‘Slashing Welfare’: GOP Eyes Chopping $5 Trillion to Pay for Trump Priorities—Like Tax Cuts

 

Image by Gage Skidmore via Flickr and a CC license

 

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Senator Suggests Unusual Interpretation of ‘Advice and Consent’ Responsibility

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A freshman Republican Senator is promoting an unusual interpretation of the Senate’s role in the constitutionally mandated “advice and consent” responsibility.

U.S. Senator Katie Britt, elected in 2022, is the first woman Alabama voters have sent to the U.S. Senate. She gained national attention, and bipartisan criticism, after delivering the Republican response to President Joe Biden’s 2024 State of the Union Address. During her speech, Britt criticized President Biden’s immigration policies and referred to an incident involving human trafficking, suggesting in her remarks a woman had been sexually trafficked because of Biden’s policies. However, as NBC News reported, the incident occurred two decades earlier, in Mexico, not in the United States.

READ MORE: Wildfire Relief Tied to Debt Ceiling? Trump, GOP Spark Outrage After Mar-a-Lago Meeting

At the time, even Republicans were outraged and mystified by her speech. One GOP strategist told The Daily Beast it was “one of our biggest disasters ever.” A Trump advisor told Rolling Stone, “What the hell am I watching right now?” as The Guardian reported.

This weekend, Britt spoke with CNN’s Jake Tapper about President-elect Donald Trump’s cabinet nominees. Senate Republicans are beginning hearings this week, CBS News reports.

Senator Britt, an attorney, told Tapper that Trump’s “great nominees” will be on Capitol Hill, where they will “have the opportunity not only to make their case” to the members of various committees, “but they’ll have their opportunity to make their case to the American people of why they are best, where they are best suited to move President Trump’s agenda forward.”

In contrast, Senator Angus King (I-ME) recently outlined his view of the Senate’s role in evaluating cabinet nominees. In an op-ed last week, he wrote that a president’s “advisors, and especially Cabinet Members, must be qualified for the sake of the people they represent.”

“My position on Cabinet nominees has always boiled down to two priorities: the candidate needs to be experienced and capable, and not have a stance that is hostile to the department or bureau they would be leading,” Senator King added. “The framers of our Constitution set up a Senate confirmation process as a check on the executive branch to make sure that all parts of government are working by the people and for the people.”

READ MORE: ‘Slashing Welfare’: GOP Eyes Chopping $5 Trillion to Pay for Trump Priorities—Like Tax Cuts

Senator Britt appeared to suggest alignment with Trump’s goals should be a key qualification, telling Tapper that she and the Senate will see if they “are best suited to move President Trump’s agenda forward.”

Tapper continued to press her.

“Why would you think somebody who’s willing to lie about the election results in Pennsylvania is going to restore integrity in the Justice Department the way that you are calling for?” Tapper asked.

After a brief pause, Britt replied: “Look, Jake, I’ve had very direct conversations with each and every one of these nominees that I’ve had the opportunity to sit down with. I take my duty as a United States senator seriously, Article Two, Section Two, mandates that I do.”

“We have an obligation both to the American people and to the president, to ask these tough questions. I asked that question very directly. And with each and every nominee, the answers that I have been given with them, has satisfied me that they’re gonna move forward in that direction.”

Watch the video below or at this link.

READ MORE: Trump Trying to Buy Back His DC Hotel Seen as ‘Magnet’ for Conflicts of Interest: Reports

 

Image via Shutterstock

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Wildfire Relief Tied to Debt Ceiling? Trump, GOP Spark Outrage After Mar-a-Lago Meeting

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House Republicans, especially the California delegation, are facing sharp criticism after spending portions of the weekend with President-elect Donald Trump at his Mar-a-Lago resort and residence. They reportedly discussed ways to take the unprecedented approach of tying passage of relief funds—for the Golden State’s historic wildfire disaster—to raising the debt ceiling, as the fires continue to burn and the death toll rises to 24 people.

“Of the nearly two dozen House Republicans who attended the Sunday dinner at Mar-a-Lago, where this option was discussed, several are caucus leaders and appropriators with major influence in upcoming budget reconciliation and government funding negotiations,” Politico reports. “Trump also discussed the wildfires Saturday night with a group of House Republicans from California, New York and New Jersey.”

According to J.D. Wolf of MeidasTouch News, the California GOP members of Congress “chose to leave the state at its most vulnerable moment,” and “have drawn criticism for abandoning their … state during the crisis, opting instead to join Donald Trump at Mar-a-Lago.”

READ MORE: ‘Slashing Welfare’: GOP Eyes Chopping $5 Trillion to Pay for Trump Priorities—Like Tax Cuts

“California [GOP] Representatives Jay Obernolte, Tom McClintock, Kevin Kiley, Doug LaMalfa, Darrell Issa, Ken Calvert, Vince Fong, and Young Kim were spotted in a photo with Trump this weekend when they could have been back home seeking ways to help even if the fire isn’t in their district,” he declared. “Instead, these lawmakers have prioritized meeting with Trump over exercising leadership in their home state. Their absence sends a troubling message to their state.”

In a stern rebuke, Wolf added: “In doing so, they have not only abandoned their duty to Californians but also cast doubt on their priorities and dedication as elected officials.” He also wrote: “Californians are left wondering if these leaders will ever prioritize their needs over political maneuvering.”

One House Republican from California was “not invited,” according to Politico’s Meredith Lee Hill.

“But all the talk of unity at Mar-a-Lago this weekend only went so far – Trump did not invite David Valadao (R-Calif.), 1 of the 10 House Rs who voted to impeach after Jan. 6, to the mtg of CA, NY and NJ GOP members.”

READ MORE: Trump Trying to Buy Back His DC Hotel Seen as ‘Magnet’ for Conflicts of Interest: Reports

Valadao’s presence would have made sense. Hill reports he is a caucus chief and senior appropriator.

Trump, who has a history of trying to withhold relief aid to California, has been accused of politicizing the tragedy, which Politico notes, “could become the costliest natural disaster in U.S. history.”

It may become even more costly.

The Associated Press reports, “firefighters are preparing for a return of dangerous winds that could again stoke the flames on Monday.”

Over the weekend, on his social media website, Trump reposted this:

View the social media post above or at this link.

READ MORE: ‘45, 47, Felon’: Trump Sentenced But Expert Warns ‘Now the Gloves Could Come Off’

 

Image via Reuters

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