More Questions Raised About Trump’s $175M Bond

The Daily Beast reports:

When the questionably leveraged company that rescued Donald Trump with a last-minute $175 million court bond insured itself with its own parent company, it raised concerns about how the company was playing with its finances. But now, as even more details come out about that parent company—particularly that it’s based in the Cayman Islands, a notorious tax haven—the concerns are just piling up.

Former regulators described a potential worst-case scenario: Trump loses his bank fraud case on appeal and refuses to pay, the insurance company can’t actually come up with the money, and the New York Attorney General runs into problems chasing after a second company that never explicitly promised to pay this particular court judgment—and is based in a little-regulated foreign jurisdiction in the Caribbean Sea.

Read the full article. There’s so much more.

New ‘red flags’ raised over Trump’s bond money after link to Grand Caymans revealedhttps://t.co/IWcobvDoKO

— Raw Story (@RawStory) April 12, 2024