Documents provide insight into Trump Organization amid criminal probe
Video Credit: Bleacher Report AOL - Duration: 03:38s - Published
Documents provide insight into Trump Organization amid criminal probe
Amidst the criminal investigation into the Trump Organization, a CNN examination of sworn depositions, interviews with former employees, and published accounts shows that Trump has tried repeatedly to push responsibility for his valuation decisions onto his chief financial officer Allen Weisselberg.
Documents and depositions appear to show that, even as Trump claimed that he left those valuation decisions to someone else, he was also deeply involved in running his business.
Jon Stewart is mocking the media's coverage of Donald Trump's criminal trial. 'The Daily Show' host slammed the likes of Jake Tapper, Nicolle Wallace and Erin Burnett for their extensive and at times incredibly dramatic reporting of the former president's New York criminal trial.
Credit: The Hollywood Reporter Duration: 02:03Published
A newspaper chief was Donald Trump's "eyes and ears" and killed unfavourable stories about him in the run-up to the 2016 election, a court has heard. Sky News
Trump Can’t Obtain Appeal Bond , in New York Fraud Case.
According to a New York court filing
on March 18, Trump isn't able to secure a
$454 million bond as he appeals a civil business
fraud judgement against him, CNBC reports. .
Trump's attorneys said that getting the bond is "impossible" since it would "effectively" require "cash reserves approaching $1 billion.".
Defendants’ ongoing diligent
efforts have proven that a bond
in the judgment’s full amount
is ‘a practical impossibility.’, Donald Trump's lawyers, via CNBC.
Gary Giulietti, president of the
Northeast division of the Lockton Companies, was hired to help Trump obtain a bond.
Despite scouring the market, we have
been unsuccessful in our effort ... for the
simple reason that obtaining an appeal bond
for $464 million is a practical impossibility
under the circumstances presented, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Simply put, a bond of this
size is rarely, if ever, seen, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
In the unusual circumstance that a bond of
this size is issued, it is provided to the largest
public companies in the world, not to
individuals or privately held businesses, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Giulietti went on to say that a private company would need about $1 billion to put up as collateral to receive a bond of that size. .
While it is my understanding that
the Trump Organization is in a strong
liquidity position, it does not have
$1 billion in cash or cash equivalents, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll. .
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll.
Credit: Wibbitz Top Stories Duration: 01:31Published
![Jon Stewart Blasts Media Coverage of Trump Trial | THR News Video [Video]](https://video.newsserve.net/300/v/20240423/1373552582-Jon-Stewart-Blasts-Media-Coverage-of-Trump-Trial.jpg)
!['Fraud, pure and simple': What happened on the first day of Trump's hush money trial? [Video]](https://video.newsserve.net/300/v/20240423/1373501750-Fraud-pure-and-simple-What-happened-on.jpg)
![‘I think there is substantial evidence of the alleged crimes’: Trump in NY court for hush-money trial [Video]](https://video.newsserve.net/300/v/20240422/1373435982-think-there-is-substantial-evidence-of-the.jpg)
![Trump in NY court for opening statements at criminal trial [Video]](https://video.newsserve.net/300/v/20240422/1373434968-Trump-in-NY-court-for-opening-statements-at.jpg)
![Trump Can’t Obtain Appeal Bond in New York Fraud Case [Video]](https://video.newsserve.net/300/v/20240318/1369324398-Trump-Can-Obtain-Appeal-Bond-in-New.jpg)
