Connect The Dots… But the trail ends in a secret bank account in a foreign country.
As you all know there is a candidate running for the presidency who is under indictment on a multitude cases… who is on trial for forging the books and has something like faces 40 felony charges in the classified documents case along with two indictments are on state charges (one in New York and one in Georgia) . His company has been convicted of padding the books in tax returns and loan applications and is required to post bond.
The question that arises is who is supplying the money?
But there is a snag, a big one!
As you all know there is a candidate running for the presidency who is under indictment on a multitude cases… who is on trial for forging the books and has something like faces 40 felony charges in the classified documents case along with two indictments are on state charges (one in New York and one in Georgia) . His company has been convicted of padding the books in tax returns and loan applications and is required to post bond.
The question that arises is who is supplying the money?
So the money was put up by a former used car salesman!Trump secures $175 million bond in New York civil fraud case
"This is what we do," the head of the firm that issued the bond told ABC News.
ABC News
ByAaron Katersky and Peter Charalambous
April 1, 2024Former President Donald Trump and his co-defendants have secured a $175 million bond in their New York civil fraud case, according to a court filing.
Trump secured the bond through Knight Specialty Insurance Company, which is owned by the privately-held Hankey Group, whose chairman told ABC News that he considers himself a Donald Trump supporter.
"This is what we do at Knight Insurance, and we're happy to be able to accommodate the ex-president in this situation," Don Hankey told ABC News. "I'd say it's more of a business decision, but I happen to be a supporter also."
Hankey said his company was initially involved in talks to underwrite the original $464 million bond in the case -- then when a New York appellate court last week reduced the amount to $175 million, Hankey said his company renewed their effort to underwrite the bond.
"It was a relatively low number, and Donald Trump put up all the collateral in cash," Hankey said.
[…]
Hankey told ABC News that he has contributed to the former president's campaign but could not recall the amount he donated.
But there is a snag, a big one!
The Daily Beast reported that,"Problematic": Trump's $175 million bond could be "very difficult" to collect due to Cayman ties
"It raises a whole other level of complexity," expert says
Salon
By CHARLES R. DAVIS
APRIL 12, 2024When former President Donald Trump couldn't find anyone to issue him a $464 million bond to appeal his civil fraud conviction, a New York appeals court granted him a lifeline, telling the Republican candidate to come back with a bond of just $175 million. A few days later, he did just.
Ever since, however, questions have been raised about the company that issued the bond — led by a billionaire Trump supporter who specializes in subprime auto loans — and whether New York Attorney General Letitia James will even be able to collect what's owed should Trump's conviction be upheld. For one, the company's balance sheet suggests it might not have enough surplus cash to make good on its promise.
On Friday, The Daily Beast reported on another reason for concern: that while the bond's issuer, Knight Specialty Insurance Company, is technically based in the United States, its parent company calls the Cayman Islands home. Former financial regulators say that's concerning.
The New York attorney general on Thursday questioned whether the company that swooped in to post a $175 million bond for former President Donald Trump is actually good for the money—or is even allowed to operate in the state.
The aggressive move by AG Letitia James came after Knight Specialty Insurance Company—a relatively unknown entity with tangential political connections to the former president—was forced to reveal its finances.
Lawyers for the law enforcement office made a court filing that “hereby takes exception to the sufficiency of the surety,” noting that KSIC is trying to operate “without a certificate of qualification.” Under New York law, state regulators have certain standards to ensure that an insurer is “solvent, responsible and otherwise qualified to make policies or contracts of the kind required.”
So here we are, a candidate for president in the hole to a shady businessman, so what will happen if Trump is president and this guy asks for a favor? Also who are his backers, are some of them foreign nationals? Could Trump possibly beholden to Putin? Or beholding to the Saudis? It seems like the master of the deal is in a shady deal right now,
I don’t know about you but I am very concerned that Trump has been compromised by a foreign government and will not operate in the best interests of the U.S.
I don’t know about you but I am very concerned that Trump has been compromised by a foreign government and will not operate in the best interests of the U.S.
Updated: April 14, 2024 @ 6:30 PM
Follow the money!
Trump had a fundraiser down in Mar-A-Lago...
Trump and the Republican Party have struggled to catch up to President Biden and the Democrats on the fundraising front.Scripts NewsBy AP via Scripps News and Bianca FacchineiApril 7, 2024Donald Trump's campaign said it raised $50.5 million on Saturday, a staggering reported haul as his campaign works to catch up to the fundraising juggernaut of President Joe Biden and the Democratic Party.The reported haul from the event with major donors at the Palm Beach, Florida, home of billionaire investor John Paulson sets a new single-event fundraising record and is almost double the $26 million that President Biden's campaign said it raised recently at a gathering with former presidents Bill Clinton and Barack Obama at Radio City Music Hall in New York."It's clearer than ever that we have the message, the operation, and the money to propel President Trump to victory on November 5," his campaign senior advisers Chris LaCivita and Susie Wiles said in a statement.
Trump is giving hints of who he will appoint to run the Treasury Department, any guess who it is?
Yahoo FinanceBy Ben Werschkul·Washington CorrespondentApril 14, 2024Former President Donald Trump already appears to have a good idea of who might be on his economic team if he wins this November.The ongoing semipublic floating of candidates from the former president is new in that it is starting much earlier than in elections past.What's familiar is that Donald Trump is once again embracing both loyalists and the wealthiest and most well-known figures from the worlds of Wall Street and Washington."I love all people, rich or poor, but in those particular positions, I just don't want a poor person," Trump himself memorably said in 2017 of his criteria for selecting officials to oversee the economy.More recently, a picture of Trump's possible economic team has begun to emerge through public comments and signals as well as leaks to the Wall Street Journal and Bloomberg.Billionaire hedge fund manager John Paulson appears to hold, for now at least, a prime position in the effort to become Treasury Secretary among a variety of finance figures.
No we know what the going rate for a cabinet position. $50 million dollars.
Deeply worrying, and just one of many things about him.
ReplyDeletePenny from Cambridge