Former US President Donald Trump’s company was fined around €1.5 million on Friday for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks.
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
More jurors have been dismissed on the second day of Donald Trump's hush money case - as he claimed outside court that the trial "should never have been.. Sky News
Donald Trump's unprecedented criminal hush money trial has begun, with the former president reportedly starting to fall asleep at an opening court session.
Credit: euronews (in English) Duration: 01:05Published
Donald Trump's first criminal trial is getting underway, and on the first day of court proceedings -- he was reportedly dozing off ... now, a new nickname is.. TMZ.com
Trump himself was not on trial and denied any knowledge of his executives evading taxes illegally. Zee News - Published Also reported by •newKerala.com
Trump Organization Sentenced , to Pay $1.61 Million for Tax Fraud.
NPR reports that on Jan. 13, the Manhattan
criminal court ordered two of Trump's companies
to pay the combined amount for tax..
Credit: Wibbitz Top Stories Duration: 01:30Published
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