News
Trump struggles to secure $464 million bond in fraud case
Former President Donald Trump’s legal team revealed that they have encountered difficulties in securing a bond to cover the substantial judgment against him in the civil fraud case.
According to Trump’s attorneys, they have approached around 30 insurance underwriters in attempts to secure the bond, which is required to be posted by the end of the month.
However, they have been unsuccessful in finding a company willing to underwrite a bond of such magnitude.
“The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude,” Trump’s lawyers stated in their submission to the court.
The judgment against Trump, which totals $464 million including interest, stems from a civil fraud case initiated by New York Attorney General Letitia James.
The case alleges fraud, conspiracy, and the issuance of false financial statements and business records by Trump and his co-defendants, including his adult sons Don Jr. and Eric.
Former U.S. President Donald Trump.
Appeals process
Trump’s legal team argued for a delay in posting the bond until the conclusion of the appeals process.
They contended that the value of Trump’s properties far exceeds the judgment and requested the court to postpone the bond requirement until after the appeal to New York’s highest court is heard.
In response to these assertions, an insurance broker who testified for Trump during the trial, Gary Giulietti, stated in an affidavit that securing a bond in the full amount “is a practical impossibility.” He noted that potential underwriters are insisting on cash to back the bond, rather than properties.
Despite Trump’s appeal against the ruling, he is required to post a bond to prevent the state from enforcing the judgment during the appellate process, which could extend over several years.
Trump’s legal troubles extend beyond this case.
Just earlier this month, he posted a $91.6 million bond as part of his appeal in the E. Jean Carroll defamation case.
However, Trump’s legal team has encountered similar challenges in securing underwriters for bonds of such large amounts.
News
Israel launches its new “Iron Beam” laser system
Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.
Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.
Israel’s Defence Ministry says its new “Iron Beam” laser system will be deployed by year’s end. The technology is designed to destroy incoming missiles, rockets, drones and mortars with precision.
Developed by Rafael Advanced Defense Systems in partnership with Elbit Systems, Iron Beam will sit alongside existing defences such as Iron Dome, David’s Sling and Arrow. Unlike traditional interceptors which can cost tens of thousands of dollars per shot, the laser comes at negligible expense.
Officials call it the world’s first high-power laser interception system to achieve operational maturity, hailing it as a game-changer for modern warfare. Military leaders expect the system to reshape air defence capabilities and cut costs dramatically.
#Israel #Defence #LaserWeapons #TickerNews
News
Stephen Colbert’s opening monologue on Jimmy Kimmel
Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.
Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.
Stephen Colbert’s opening monologue is being hailed as one of the most powerful moments in modern late-night history. Standing on stage at the Ed Sullivan Theatre, Colbert dedicated his show to Jimmy Kimmel and his team after ABC suspended Kimmel’s programme under pressure from Washington.
Colbert called the move “blatant censorship” and directly accused President Trump of acting like an autocrat. “With an autocrat, you cannot give an inch,” he warned, making clear that the stakes reach far beyond late-night comedy.
#StephenColbert #JimmyKimmel #FreeSpeech #TickerNews
News
Charlie Kirk was scheduled to speak at Colorado State University
Despite cancellation, 10,000 gathered at CSU to support Charlie Kirk, creating a rally-like atmosphere.
Despite cancellation, 10,000 gathered at CSU to support Charlie Kirk, creating a rally-like atmosphere.
Charlie Kirk was scheduled to speak at Colorado State University in Fort Collins, but the event was meant to be cancelled. Despite that, thousands of people still turned up to celebrate his legacy.
As many as 10,000 people turned out, showing the extent of support for the conservative activist. The crowd gathered outside CSU, creating an atmosphere more like a political rally than a cancelled speech.
#CharlieKirk #FortCollins #CampusPolitics #TickerNews
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