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Discussion » Questions » Legal » Guess who’s $175 million dollar bond might be worthless?

Guess who’s $175 million dollar bond might be worthless?

Donald J Trump of course. Trump’s surety bond was missing vital information typically included in bond fillings.

"There seem to be serious issues," said Bruce H. Lederman, an attorney who has filed many bonds in New York, including for a real estate developer challenging a judgment. Lederman said he was struck by "glaring errors" in the bond. "In all the years I've been doing this, you always have to have a certificate from the Department of Financial Services saying that you're licensed to issue a surety bond," he said, referring to the missing certificate of solvency under Section 1111 of New York Insurance Law.

Cheers!

Posted - April 4

Responses


  • 32721
    It was accepted.  The judge may rule to reject it but as of right now it has been accepted. 
      April 9, 2024 9:30 AM MDT
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