In a glaring blunder, Donald Trump’s $175 million bond filing hit a snag as his legal team failed to attach a crucial financial statement. The New York County Supreme Court swiftly sent the documents back for correction, marking a humiliating setback for the former president.
The court’s electronic filing system displayed a stark message: “returned for correction.” Another system simply labeled it as “rejected.”
New York litigator Jeffrey K. Levine shed light on the debacle, citing a court document outlining the necessary fixes.
“The court has returned the documents…Please include a current financial statement…Please use the ‘Refile Document’ link… Thank you and have a great day.”
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Originally set at a staggering $464 million after a fraud trial, Trump’s lawyers argued it was unfeasible given Trump’s cash constraints, insisting property sales would be necessary to meet such obligations.
After negotiations, the court slashed the bond to $175 million. Trump secured the bond through Knight Specialty Insurance Company, backed by the Hankey Group, whose chairman, Don Hankey, openly supports Trump.
The bond stems from an appeal following a damning fraud conviction where Trump and co-defendants were found guilty of inflating property values to score favorable loans and insurance rates.
Trump’s legal team is fighting tooth and nail, but if they fail, he’ll be on the hook for the full damages.
BREAKING NEWS:
Court rejected #TrumpBond filing in #TrumpFraudVerdict for several reasons, 1 of which was #Trump failed to upload his "current financial statement" to the Court [looking forward to read].
175 million reasons why 1 mistake should not have been made, much less 3 ! pic.twitter.com/qk7nLskx5F
— Jeffrey K. Levine 🇺🇸 (@NYadvocateJKL) April 3, 2024
