Donald Trump at his civil fraud trial in New York.Reuters/PoolAfter his team cited hardship in securing funding, Trump's civil fraud trial bond was cut to $175 million.ProPublica reported a billionaire businessman offered to post the original $464 million amount due.By failing to report the offer, Trump's legal team may have violated ethics rules, ProPublica found.Donald Trump's recent complaints about being unable to afford his civil fraud trial bond may have been misleading to the court, according to a new report from ProPublica.The outlet reported Friday that, despite Trump's legal team calling the original $464 million an "impossible bond requirement" and claiming he'd been rejected by 30 firms he'd approached to raise the money, the former president had already received an offer from billionaire businessman Don Hankey to post the full amount."I saw that they were rejected by everyone, and I said, 'Gee, that doesn't seem like a difficult bond to post,'" Hankey told ProPublica.
Trump Saved Millions By Keeping Court In Dark About Billionaire's Bond Offer: Report
ktangalakislippert@businessinsider.com (Katherine Tangalakis-Lippert), Business Insider
Fri, 04/05/2024 - 7:46pm
Sections: business
BING NEWS:
- Trump saved millions by keeping court in dark about billionaire's bond offer: report
The bond was ultimately slashed to $175 million, saving Trump hundreds of millions of dollars ... that if his lawyers knew about the offer and failed to notify the court, they may have violated ...
04/5/2024 - 4:03 pm | View Link - Trump saved millions by keeping court in dark about billionaire's bond offer: report
By failing to report the offer, Trump's legal team may have violated ethics rules, ProPublica found. Donald Trump's recent complaints about being unable to afford his civil fraud trial bond may have ...
04/5/2024 - 1:00 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more