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'Trump deserves to go to jail': Ex-Trump Organization exec on looming criminal charges

Video Credit: Bleacher Report AOL - Duration: 03:20s - Published
'Trump deserves to go to jail': Ex-Trump Organization exec on looming criminal charges

'Trump deserves to go to jail': Ex-Trump Organization exec on looming criminal charges

Barbara Res, former executive vice president for the Trump Organization, talks with CNN’s Jim Acosta about the possibility of New York prosecutors filing criminal charges against her former employer.


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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

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Harvey Weinstein’s Rape Conviction , Is Overturned. New York's Court of Appeals overturned the movie mogul's 2020 rape conviction by a vote of 4-3 on April 25. According to the appeals court, trial judge James Burke "prejudiced Weinstein with 'egregious' improper rulings," AP reports. . For example, he let women bring forth allegations against Weinstein that he wasn't charged with. The action was an "abuse of judicial discretion," the appeals court said. . Without question, this is appalling, shameful, repulsive conduct that could only diminish defendant’s character before the jury, New York's Court of Appeals, via AP. Although this conviction has been overturned, the 72-year-old will remain in prison due to a separate 2022 rape conviction in Los Angeles. His lawyers have chosen to appeal that conviction as well. . Jennifer Bonjean, who helped free Bill Cosby from prison, issued a statement about the development. Jennifer Bonjean, who helped free Bill Cosby from prison, issued a statement about the development. A jury was told in California that he was convicted in another state for rape ... turns out he shouldn’t have been convicted and it wasn’t a fair conviction… , Jennifer Bonjean, Harvey Weinstein's attorney, via AP. It interfered with his presumption of innocence in a significant way in California, Jennifer Bonjean, Harvey Weinstein's attorney, via AP. On April 25, prosecutors said that "the legal issues identified by the New York Court of Appeal are not present in the Los Angeles County Case.". The Manhattan district attorney's office said they will "do everything in our power to retry this case, and remain steadfast in our commitment to survivors of sexual assault."

Credit: Wibbitz Top Stories    Duration: 01:31Published

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