Trump behauptet, dass Unternehmen seine 500-Millionen-Dollar-Anleihe nicht absichern würden – aber in diesen Fällen wurden sogar größere Anleihen ausgezahlt

His problem, he did the crime, time to pay for his misdeeds. Not crying for him. Just laughing at him.

>TOPLINE Former President Donald Trump’s attorneys have claimed the ex-president cannot secure a bond for the more than $454 million he owes in the civil fraud case against him and his company—though the New York attorney general’s office noted Wednesday it’s “not unusual” for parties to secure bonds for even larger amounts, pointing to multiple billion-dollar judgments.

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>Trump has been ordered to pay $454.2 million plus interest in the fraud case—which found him and his associates liable for fraudulently misstating the value of assets for personal gain—and his lawyers said in a filing Monday they cannot secure an appeals bond that covers the full amount.

The attorney general’s office, which brought the suit, said Wednesday Trump’s claims were based on a “false premise,” because he could secure multiple bonds to cover the full amount, and claimed it’s “not unusual” for surety companies to provide bonds for even larger amounts, pointing to four examples.

Sony Music Entertainment v. Cox Communications: Cox Communications posted a bond in February 2021 for $1.2 billion as part of a lawsuit in which Sony and other music publishers accused the business of copyright infringement, which court documents show was obtained using three different surety companies who collectively secured the full amount (as the AG’s office argued Trump could do).

Apple v. Samsung Electronics: Samsung posted a bond for $1 billion in 2014 after Apple sued the electronics company for patent infringement in its cell phone designs, which was secured using four different companies.

Oracle USA v. SAP AG: German software company SAP posted a $1.3 billion bond in 2011 after Oracle accused the company of stealing its proprietary software and other materials, which it used 10 different surety companies to obtain.

Carnegie Mellon University v. Marvell Technology Group: Marvell Technology Group and Marvell Semiconductor, which manufactures computer circuits, posted a $1.5 billion bond in 2014, which was obtained using 17 companies after Carnegie Mellon University sued the company for patent infringement.
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>CONTRA

The cases involving these billion-dollar bonds are distinguished from Trump’s in that major corporations are the ones posting the bonds, while Trump and companies he controls are liable for the bond he has to pay. Trump’s attorneys made this distinction in a court filing Monday, arguing, “In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses.” (All four companies that paid bonds for more than $1 billion are publicly traded.) Trump’s attorneys have not provided any explanation of why the bond cannot be split between multiple companies, or commented in filings on whether they’ve already tried that approach.

BIG NUMBER

$557 million. That’s how much Trump and his co-defendants would have to pay to secure an appeals bond for the full amount, his attorneys claimed Monday, factoring in interest and premiums. Trump’s $454.2 million payment makes up the bulk of the total judgment in the case, $464.6 million, which also includes $4 million fines against Trump’s sons Eric and Donald Trump Jr. and $1 million owed by former CFO Allen Weisselberg. The interest on that amount continues to go up by 9% per year until the judgment is fully paid off.
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>WHAT TO WATCH FOR

Trump has asked an appeals court to pause the monetary judgment he owes while the case is appealed, and it’s unclear when the court will rule on his request. The ex-president only has days to post a bond or pay money into a court-controlled account before New York Attorney General Letitia James is expected to start trying to enforce the judgment, which could involve seizing Trump’s properties. That is expected to take place if Trump hasn’t paid by March 25.

FORBES VALUATION

Forbes estimates Trump’s net worth at $2.6 billion, though only $413 million of that is made up of cash and liquid assets.

WHAT WE DON’T KNOW

How Trump will pay his judgment. He does not have enough cash in the bank to cover the full amount, and his lawyers said Monday that companies will not let Trump use real estate as collateral to secure a bond. (It remains to be seen if that would still be the case should he split the bond up between several companies.) Trump and his lawyers have suggested the former president could be forced to mortgage or sell real estate properties if he has to pay. Forbes estimates Trump’s real estate portfolio is collectively worth $1.9 billion after debt, making up the bulk of his net worth. The ex-president secured a $91.6 million bond earlier in March for a separate judgment against him in writer E. Jean Carroll’s defamation case, which was underwritten by the Chubb Group. It is still unclear how Trump secured that bond and if he already put up any assets as collateral.

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>KEY BACKGROUND

Trump and his business associates, including his sons, were found liable for misstating the value of assets on financial documents, which James alleged was done in order to obtain more favorable business deals and reflect a higher net worth for Trump. Judge Arthur Engoron ruled in February there was “overwhelming evidence” suggesting Trump and his sons signed off on financial statements despite knowing they were false, rejecting claims from the ex-president and his attorneys that the Trump Organization’s accountants bore any responsibility for false numbers in the statements. Trump has decried the case against him as a “witch hunt” designed to harm his presidential campaign.

These are companies worth Hundreds of billions bordering on Trillions.   They actually have businesses with Billions in revenue per year and many have that much cash as everyday working capital.  

These aren’t really great examples to call it fair.  They should have picked smaller companies.