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this post was submitted on 05 Apr 2024
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I'm sure there's no problem here for the company.
Step one: Overinflate the assets of the bail bond company.
Step two: Claim the assets of the company and get loans based on those inflated values.
Step three: If found to be fraudulent in said valuation, take it to court.
Step four: Go back to step one.
One last thing: forget to mention said company isn’t even licensed to issue bonds in NY 😬
I also read that they only have 138 million in cash to cover the 175 mil bond, even despite being outside of the jurisdiction of NY.
lol, that, too. I think it WSJ or Forbes that reported that.
So slimy
I heard companies cannot put more than 10% of their capital at risk for a bond in NYC also lol. https://www.cbsnews.com/amp/news/donald-trump-175-million-civil-fraud-bond-valid-new-york/
Lol, fun