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
Boeing 787 crashes in India, 242 on board
Boeing 787 Dreamliner crashes in India en route to London, injuring passengers amidst safety and production challenges for Boeing.
Boeing 787 Dreamliner crashes in India en route to London, injuring passengers amidst safety and production challenges for Boeing.
An Air India Boeing 787 Dreamliner crashed in Ahmedabad on June 12, 2025, while flying to London, injuring many passengers. This incident poses significant issues for Boeing, which is already dealing with safety concerns, and has prompted condolences from both Indian and U.K. leaders.
A Boeing 787 Dreamliner, operated by Air India, crashed in Ahmedabad, India, on June 12, 2025, while en route to London’s Gatwick Airport.
The aircraft departed at 1:38 p.m. local time with 230 passengers, including 169 Indians, 53 British, one Canadian, and seven Portuguese nationals.
Air India confirmed that injured passengers are being taken to nearby hospitals.
The 787 Dreamliner had operated for 14 years without a fatal incident before this crash.
Boeing response
Boeing expressed awareness of the situation and is gathering more information, although shares dropped drastically following the news.
This incident presents a significant challenge for Boeing, which has faced safety and production issues recently.
Local media reported smoke emanating from the crash site, and emergency responders were seen transporting individuals on stretchers.
The plane lost location data at 625 feet altitude and descending at 475 feet per minute before the crash.
The incident occurred in a residential area, prompting condolences from Prime Minister Narendra Modi, who stated his government will assist local authorities.
Air India, recently acquired by Tata Sons, has been navigating difficulties as the former state-run carrier.
The jet crash is part of a troubling year for aviation, following other serious incidents, including a 2018-2019 Boeing 737 MAX crash that resulted in over 300 fatalities.
U.K. Prime Minister Keir Starmer expressed concern for affected families as the situation unfolds.
News
Pentagon reviews AUKUS deal to align with Trump’s agenda
Pentagon reassesses AUKUS deal to align with Trump’s America First policy amid concerns over alliance readiness and U.S. delivery capacity.
News
Markets react as inflation cools and the Fed watches on
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