Trump unable to make $454m bond in civil fraud case, say his lawyers
Donald Trump has been unable to post a bond covering the full amount of his $454m New York civil fraud judgment against him, his lawyers said in a court filing.
The filing on Monday states that obtaining a bond has proven to be âa practical impossibilityâ, adding that âdiligentâ efforts made to secure a bond have included âapproaching about 30 surety companies through 4 separate brokersâ and âcountless hours negotiating with one of the largest insurance companies in the world.â
These efforts have proven that âobtaining an appeal bond in the full amountâ of the judgment âis not possible under the circumstances presented,â the filing states.
With interest, Trump owes $456.8m. In all, he and co-defendants including his company and top executives owe $467.3m, according to AP. To obtain a bond, they would be required to post collateral worth $557m, Trumpâs lawyers said.
Key events
Donald Trump is expected to enlist Paul Manafort, his former 2016 presidential campaign manager who he pardoned, as a campaign adviser later this year, according to multiple reports.
Manafort has been in discussions for several months with Trumpâs team to help with the Republican national convention in Milwaukee, although his potential role at the partyâs convention has not been decided, the Washington Post reported.
Manafort was sentenced to more than seven years in prison as part of special counsel Robert Muellerâs Russia investigation into Trumpâs associates. Trump pardoned him in the final weeks of his presidency.
Netanyahu to send Israeli officials to Washington to discuss Rafah, says White House
Israelâs prime minister, Benjamin Netanyahu, has told Joe Biden that he will send a team of Israeli officials to Washington to discuss a potential military operation in Rafah in southern Gaza, the White House said.
White House national security adviser Jake Sullivan told reporters:
Weâve arrived at a point where each side has been making clear to the other its perspective.
Biden and Netanyahu spoke by phone earlier on Monday, their first known interaction in more than a month as the rift deepens between the two leaders over the war in Gaza.
Martin Pengelly
The son of the late US supreme court justice Ruth Bader Ginsburg called a decision to give Elon Musk and Rupert Murdoch an award named for his mother a âdesecrationâ of her memory.
Discussing protests made to the Dwight D Opperman Foundation, which gives the Justice Ruth Bader Ginsburg Woman of Leadership award, James Ginsburg told CNN:
I donât want to speak to what our other plans might be if the foundation doesnât see the wisdom of desisting and ending this desecration of my motherâs memory. But I will say that we will continue to fight this.
The second woman appointed to the US supreme court, Ruth Bader Ginsburg spent 27 years as a justice, becoming a hero to American liberals. She died aged 87 in September 2020 and was replaced by Amy Coney Barrett, the third conservative justice installed by Donald Trump.
Ginsburg helped establish the award colloquially known as the RBG, saying it would honour âwomen who have strived to make the world a better place for generations that follow their own, women who exemplify human qualities of empathy and humility, and who care about the dignity and well being of all who dwell on planet Earthâ.
Previous recipients have included Barbra Streisand and Queen Elizabeth II. Last week, the Dwight D Opperman Foundation announced a five-strong list it said was chosen from âa slate of dozens of diverse nomineesâ but which included just one woman.
Former Georgia lieutenant governor Geoff Duncan said he is withdrawing his name from consideration for a third-party 2024 presidential ticket with the centrist group No Labels.
âAfter careful deliberation, I have withdrawn my name from consideration for the No Labels presidential ticket,â Duncan said in a statement on Monday.
It was an honor to be approached, and I am grateful to all those who are engaged in good-faith efforts to offer Americans a better choice than the Trump vs. Biden re-match.
No Labels has been struggling to field a so-called âunity ticketâ to provide voters with an alternative to Donald Trump and Joe Biden
Duncan becomes the latest lawmaker to turn down No Labels, a list that includes Republican former presidential candidate Nikki Haley, Republican former Maryland governor Larry Hogan, and Arizona senator Kyrsten Sinema.
Maanvi Singh
Californiaâs governor Gavin Newsom has postponed his State of the State address while his signature mental health and homelessness initiative Prop 1 remains too close to call.
With more than 95% of votes counted, the statewide ballot measure that would restructure mental health funding in the state is slightly ahead â but still too close to call. The measure, which has faltered despite no funded opposition, is a key piece of the governorâs plan to address both the mental health and homelessness crises. It would redirect some of the stateâs mental health funds toward housing and residential treatment facilities for severe mental health and substance use disorders, and raise billions via a bond.
Fiscal conservatives have balked at the measureâs borrowing costs – but Prop 1 was also criticized by local officials, because it would defund community-based programs, and disability rights advocates, who object to its funding of locked-door psychiatric institutions and involuntary treatment.
Still, while healthcare companies, and unions backing the stateâs prison guards and construction workers, have funded a $14.3m campaign to sell the measure to voters, opponents had only raised $1,000. The ânoâ campaign conceded last week, but thereâs still a chance the measure could fail.
The governor was banking on Prop 1 to fund broader plans to combat homelessness, which include the Care court program, which will empower families, providers and outreach workers to ask state courts to compel people with certain severe mental disorders into treatment programs, and SB43, which expands the group of people who can be placed in involuntary psychiatric holds or forced to undergo medical treatment.
Ahead of the election on 6 March, Newsom had been confident â telling the LA Times, âI think itâs going to win overwhelmingly.â
Now, the governorâs federal PAC, Campaign for Democracy, is seeking volunteers to help Democrats who have had their ballots rejected, for reasons such as forgetting to include a signature, to help them correct issues and have votes counted.
Joanna Walters
Donald Trumpâs failure to secure a bond to cover a $454m judgment in his New York civil fraud case means he is inching closer to the possibility of having his properties seized, Reuters reports.
The former president must either pay the sum out of his own pocket or post a bond to stave off the stateâs seizure while he appeals the judgment against him last month for misstating property values to dupe lenders and insurers.
Trumpâs lawyers said on Monday that theyâd approached 30 companies without success to make the bond.
A bonding company would be on the hook for any payout if Trump loses his appeal and proves unable to pay.
He must post cash or a bond within 30 days of the judgeâs formal entry of the order on February 23 or risk the state seizing some of the Trump Organizationâs assets to ensure New York attorney general Letitia James, who brought the civil case, can collect. Thirty days end on March 25.
In a court filing, Trumpâs lawyers urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount was excessive. It was unclear when the court, known as the appellate division, would rule.
The Guardian adds that last month James said she will seize Trumpâs assets if he doesnât pay.
US vice president Kamala Harris kicked off an event at the White House a little earlier to mark womenâs history month.
She was accompanied by Jill Biden and a dude who loves to describe himself as âJill Bidenâs husbandâ, as well as a dude whoâs the Veepâs husband, and Maria Shriver, who is founder of the nonprofit organization the Womenâs Alzheimerâs Movement as well as the former first lady of California and a member of the Kennedy clan.
Harris said that sheâs visited 20 countries in her current position and firmly believes that the strength of a democracy is measured by how a nation values the women of its population, especially in the economy.
She reminded those gathered, to huge cheers, that her scientist mother was in a tiny minority as a woman graduating in her day in such a discipline and yet her daughter is now the first female vice president of the US.
Harris said that in the US, women carry around two thirds of student debt. She ran through a list of what the Biden administration is doing for women. But her key role in this election is to persuade voters to reelect the Biden-Harris team as the only path to protecting reproductive rights. She has been out on the trail railing against the conservative-leaning Supreme Court, which tilted far to the right under Donald Trump, overturning in the national right to abortion afforded under Roe v Wade and the ongoing hard right assault from many angles on reproductive choice.
âIn states across our nation we are witnessing a full on attack against hard-fought, hard-won freedoms and rights, including the right of women to make decisions about their own body and not have their government tell them what to do,â she said at the White House a little earlier today.
Joanna Walters
Reactions are bubbling up to the news that Donald Trump has been unable to obtain a bond to secure the $464m New York civil fraud judgment against him.
Film producer and political commentator Keith Boykin metaphorically shakes his head at Republicans being prepared to nominate Trump for a second term when he canât pay his fines.
Actor Rob Reiner is even plainer.
Various other reactions from the commentariat include âsadâ, the âking of debtâ may need to hold a fire sale, and a pic of Trump sweating.
Summary of the day so far
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Donald Trumpâs lawyers told a New York appellate court that itâs impossible for him to post a bond covering the full amount of his $454m civil fraud judgment while he appeals.
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Trumpâs claim to be immune from criminal prosecution for acts committed in office is rejected by 70% of American voters, and 48% of Republicans, according to a new poll.
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The supreme court is hearing arguments in Murthy v Missouri, a case with the potential to radically redefine how the US government interacts with social media companies.
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Congress is once again running up on yet another critical government funding deadline, with a dispute over border security funding threatening to force a shutdown of vast swaths of the federal government.
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The father of Laken Riley has objected to how he says his daughterâs death is âbeing used politicallyâ ahead of the upcoming presidential and congressional elections.
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Mike Johnson, the House speaker, asked fractious fellow Republicans to âcool itâ and stop fighting each other during primary elections as he seeks to maintain some sort of control over a caucus at the mercy of the far right.
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The supreme court rejected an appeal from Couy Griffin, a former New Mexico county commissioner who was removed from office over his role in the January 6 insurrection.
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Benjamin Netanyahu, the Israeli prime minister, accused the Senate majority leader, Chuck Schumer, of treating his country like a âbanana republicâ after Schumer publicly broke with Netanyahu over his handling of the war and called for new elections in Israel.
Adam Gabbatt
The father of Laken Riley, whom authorities suspect was murdered by an undocumented migrant in February, has objected to how he says his daughterâs death is âbeing used politicallyâ ahead of the upcoming presidential and congressional elections.
Riley, a 22-year-old nursing student, was beaten to death on the University of Georgiaâs campus on 22 February. Republicans have claimed Rileyâs slaying represents a failure of the Joe Biden White Houseâs border policies and have used the killing to push legislation which would make it easier for law enforcement to detain unauthorized migrants accused of theft.
Jason Riley, Lakenâs father, told NBCâs Today show:
Iâd rather her not be such a political â how you say â it started a storm in our country ⦠Itâs incited a lot of people.
Jason Riley said that since his daughter was killed, âthereâs people on both sides that have lashed out at [his and Lakenâs motherâs] familiesâ.
Investigators have charged José Ibarra with Rileyâs murder. The 26-year-old, who is originally from Venezuela, had previously been charged with two crimes in New York before being released, ââUS Immigrations and Customs Enforcement said, although officials in the state told the Associated Press they had no record of Ibarra being previously arrested.
âI think itâs being used politically to get those votes,â Jason Riley said of his daughterâs death.
It makes me angry. I feel like, you know, theyâre just using my daughterâs name for that. And she was much better than that, and she should be raised up for the person that she is. She was an angel.
Donald Trump is facing âinsurmountable difficultiesâ in obtaining a bond to satisfy the $454m civil fraud judgment, his lawyers said in a court filing on Monday.
In the filing, the former presidentâs lawyers wrote that Trump had âdevoted a substantial amount of time, money, and effortâ toward obtaining a bond but has âfaced what have proven to be insurmountable difficulties in obtaining an appeal bond for the full $464 million.â
Trump himself was ordered to pay $454m and with interest, owes $456.8m, according to AP. In all, he and co-defendants including his company and top executives owe $467.3m.
They said Trump has approached 30 underwriters to back the bond, which is due by the end of this month, but that âvery few bonding companies will consider a bond of anything approachingâ the amount.
The supreme court has rejected an appeal from a former New Mexico county commissioner who was removed from office over his role in the January 6 insurrection.
Couy Griffin, a cowboy pastor and commissioner in Otero county in southern New Mexico, was kicked out of office in 2022 after he was sentenced to 14 days in jail and a $3,000 (£2,604) fine for misdemeanor trespassing during the Capitol attack. Griffin is the only elected official thus far to be banned from office in connection with the Capitol attack.
The 14th amendment to the US constitution bars anyone who has participated in an insurrection from holding elected office.
Though the supreme court ruled this month that states do not have the power to bar Donald Trump or other candidates for federal offices from the ballot, the justices said different rules apply to state and local candidates.
Martin Pengelly
House speaker Mike Johnson asked fractious fellow Republicans to âcool itâ and stop fighting each other in displays of âmember-on-member actionâ during primary elections as he seeks to maintain some sort of control over a caucus at the mercy of the far right, controlling the chamber by a mere two votes.
âIâve asked them all to cool it,â Johnson told CNN in remarks published Sunday.
I am vehemently opposed to member-on-member action in primaries because itâs not productive. And it causes division for obvious reasons, and we should not be engaging in that. So Iâm telling everyone whoâs doing that to knock it off. And both sides, theyâll say, âWell, we didnât start it, they started it.â
Florida congressman Matt Gaetz, the far-right Trumpist firebrand pursuing such fights, effectively told the same outlet: âThey started it.â
âI would love nothing more than to just go after Democrats,â said Gaetz, who was last year the prime mover behind the historic ejection of Johnsonâs predecessor as speaker, Kevin McCarthy, and who is now going after two more Republicans, Tony Gonzales of Texas and Mike Bost of Illinois.
âIf Republicans are going to dress up like Democrats in drag, Iâm going to go after them too,â Gaetz said.
Because at the end of the day, weâre not judged by how many Republicans we have in Congress. Weâre judged on whether or not we save the country.
Gonzales is under attack over a vote for gun safety reform, after the Uvalde elementary school massacre; over his positions on immigration reform; and for voting in favour of same-sex marriage.