"Unveiling Trump's Secret Bond Deals: Billionaires, Millions, and Legal Questions"

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Source: ProPublica
"Unveiling Trump's Secret Bond Deals: Billionaires, Millions, and Legal Questions"
Photo: ProPublica
TL;DR

Former President Donald Trump's lawyers told a New York court that it was impossible to obtain a bond for the full amount of a civil fraud case judgment, but a billionaire lender later offered to provide the bond. The lawyers did not inform the court of this development, potentially violating ethics rules. The court ultimately lowered the bond to $175 million, and the lender provided the bond for that amount. Legal ethics experts suggest that Trump's lawyers may have had an obligation to update the court about the new bond offer. The case involves allegations of fraudulently inflating net worth, and the New York attorney general has requested proof of the lender's financial means to fulfill the bond.

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