IT'S OVER: Trump Properties Can Be SEIZED As Court Rejects Bond | The Kyle Kulinski Show

Secular Talk
10 Apr 202407:40

Summary

TLDRThe script discusses the financial troubles of a prominent figure, facing a potential $175 million bond issue due to fraud committed in New York. Initially ordered to pay $464 million, the amount was reduced but funding from a billionaire's insurance company fell through due to missing paperwork and registration issues. The court's rejection of the bond and inability to secure funds may lead to property seizures. The individual's potential strategies to resolve the issue, including business deals with Saudi Arabia, are also speculated upon.

Takeaways

  • 📜 Trump faces a potential 'world of hurt' over a $175 million bond issue related to a fraud case in New York.
  • 💰 Initially, Trump was ordered to pay $464 million, which was later reduced to $175 million for the fraud he committed.
  • 🤝 A billionaire conservative attempted to secure the $175 million bond for Trump through an insurance company, but failed due to incomplete paperwork and lack of registration in New York.
  • 🚫 The court rejected the bond paperwork due to the inability to verify the financial backing of the insurance company, Night Speciality Insurance.
  • 📅 Trump was given a deadline of next Monday to provide proof of financial backing for the bond.
  • 🏦 Without the $175 million bond, Trump's properties are at risk of being seized and his accounts potentially emptied by the New York attorney general, Leticia James.
  • 🏆 Trump and his adult children were found liable for a scheme to unlawfully inflate the value of his assets to obtain better business deals.
  • 💼 The 2024 Republican Presidential nominee maintains his innocence despite the civil fraud ruling against him.
  • 🔄 Trump has previously explored various financial strategies, such as the valuation of his Truth Social company, to gather funds.
  • 🤝 There are concerns that Trump may seek financial assistance from conservative billionaires or international connections, such as Saudi Arabia's leadership.

Q & A

  • What was the initial amount that Trump had to pay due to fraud in New York?

    -The initial amount that Trump had to pay due to fraud in New York was 464 million dollars.

  • How was the initial amount reduced and what was the new amount Trump had to pay?

    -The initial amount was reduced to 175 million dollars after some negotiations or adjustments.

  • What was the issue with the 175 million dollar bond that Trump thought he had secured?

    -The issue with the 175 million dollar bond was that the billionaire conservative who was supposed to provide the funds did not have proof of funds, and the insurance company involved was not registered in New York to perform such work, causing the bond to fall through.

  • What does the failure to post a $175 million bond mean for Trump's properties?

    -The failure to post a $175 million bond means that Trump's properties could potentially be seized as a result.

  • What did the court ask from the insurance company and Trump by Monday?

    -The court asked the insurance company and Trump to show financial backing for the bond by Monday.

  • What happened when Trump posted a $175 million bond on April 1st?

    -When Trump posted a $175 million bond on April 1st, it was rejected by the court's filing system due to missing paperwork, including a current financial statement.

  • What was the New York attorney general's response to the bond and the insurance company's involvement?

    -The New York attorney general, Leticia James, raised questions about the sufficiency of the bond and noted that the backing company, Night Speciality Insurance, was not admitted in New York, making it ineligible to obtain a certificate of qualification from the Department of Financial Services.

  • What is the potential impact of the Saudi-funded League on Trump's financial situation?

    -The Saudi-funded League could potentially have a significant impact on Trump's financial situation, as it is speculated that Trump could receive tens of millions of dollars from Saudi Arabia for hosting some of their events at his golf courses.

  • What is the speculated connection between Trump and the Saudi dictator in relation to the $175 million bond issue?

    -The speculation is that Trump may have sought help from the Saudi dictator to obtain the $175 million either through a legal loophole, a secret deal, or some other hidden method to resolve the bond issue.

  • What is the significance of the civil fraud ruling against Trump?

    -The significance of the civil fraud ruling against Trump is that he and his organization were found liable for a scheme in which the value of Trump's net worth and assets were unlawfully inflated to obtain more favorable business deals. This ruling has financial implications, as it led to the requirement for Trump to post a bond to prevent asset seizure.

  • What is the potential outcome if Trump fails to resolve the $175 million bond issue by Monday?

    -If Trump fails to resolve the $175 million bond issue by Monday, it is possible that his properties could start to be legally seized, or his cash could be taken to meet the financial obligations of the bond.

Outlines

00:00

💰 Trump's Financial Troubles and the $175 Million Bond Issue

The paragraph discusses the financial challenges faced by Trump due to a fraud case in New York. Initially, he was ordered to pay $464 million but the amount was reduced to $175 million. Trump's attempt to secure this sum from a billionaire conservative's insurance company failed due to incomplete paperwork and the company not being registered in New York. As a result, the court rejected the $175 million bond, and Trump's properties are at risk of being seized. The New York attorney general, Leticia James, could potentially claim cash from Trump's accounts if he fails to provide the funds. The situation has led to speculation about how Trump might resolve this issue, with concerns that he might involve other conservative billionaires or international connections to secure the funds.

05:02

🤝 Potential Saudi Involvement in Trump's Financial Woes

This paragraph delves into speculation about Trump's possible connections with Saudi Arabia to solve his financial issues. It mentions the ongoing business deals between Trump and Saudi Arabia, including live golf events and a major golf project. The speaker hypothesizes that Trump could receive substantial funds from Saudi Arabia for these ventures. Additionally, there are concerns about potential manipulation of gas prices to influence the election and the possibility of Trump receiving financial aid from Saudi Arabia to post the $175 million bond. The paragraph highlights the complex and potentially problematic international business and political ties that could impact Trump's current financial predicament.

Mindmap

Keywords

💡Bond Issue

A bond issue refers to the process of raising capital by selling bonds or other debt securities to investors. In the context of the video, it relates to the financial challenge faced by the individual in question, who is required to post a $175 million bond to prevent his assets from being seized due to a civil fraud ruling.

💡Fraud

Fraud is the act of dishonesty or deception for personal or financial gain. In the video, it is mentioned that the individual committed various types of fraud, including business fraud, tax fraud, insurance fraud, and bank fraud, leading to a significant penalty and the requirement to post a bond.

💡Seizure of Properties

The seizure of properties refers to the legal process by which a court takes control of someone's real estate or other assets due to unpaid debts or legal judgments against them. In the video, it is suggested that if the individual fails to post the required $175 million bond, his properties could be seized as a result of the civil fraud ruling.

💡Insurance Company

An insurance company is a business that provides financial protection against various types of losses or risks. In the video, a specific insurance company is mentioned as having failed to provide the necessary financial backing for the bond due to not being registered in New York and lacking proof of funds.

💡Financial Backing

Financial backing refers to the support provided by an individual or entity to ensure that there are sufficient funds for a particular purpose. In the video, the court requires proof of financial backing for the bond, which the insurance company could not provide.

💡Civil Trial

A civil trial is a legal proceeding in which a dispute between two or more parties is resolved through the court system. Unlike criminal trials, civil trials typically involve disputes over money, property, or personal rights. In the video, the individual was found liable for various types of fraud in a civil trial, resulting in a financial penalty.

💡Saudi Arabia

Saudi Arabia is a country in the Middle East known for its significant oil reserves and economic influence. In the video, it is speculated that the individual may seek financial assistance from Saudi Arabia due to their existing business dealings and the potential for further financial arrangements.

💡PGA Tour

The PGA Tour is a series of professional golf tournaments for male golfers in the United States and North America. In the video, it is mentioned as a comparison to the Saudi-funded League, which is a competitor to the PGA Tour and known for paying large sums of money to attract players.

💡Trump

Referring to Donald Trump, the 45th President of the United States, who is also a businessman and involved in various legal and financial matters. In the video, he is the central figure facing a bond issue and potential asset seizure due to a civil fraud ruling.

💡Republican Presidential Nominee

The Republican Presidential Nominee is the candidate selected by the Republican Party to run for the President of the United States in an election. In the video, it is mentioned that the individual is the presumed nominee for the 2024 Republican Presidential election.

💡Truth Social

Truth Social is a social media platform launched by the individual in question, which is mentioned in the video as part of his business ventures. The platform was valued at a significant amount, and there is speculation about its potential role in generating funds.

Highlights

The individual in question faces severe financial repercussions over a bond issue, as covered by Newsweek.

The initial penalty for fraud committed was 464 million, which was later reduced to 175 million.

A billionaire conservative's insurance company was believed to have secured the 175 million, but it turned out they did not have proof of funds.

The insurance company was not registered in New York, invalidating the bond.

Without the $175 million bond, Trump's properties are at risk of being seized.

Financial Consultant John Gabrielson warns that Trump needs to produce the bond amount by the following Monday.

The court has given a deadline for the insurance company to show financial backing for the bond.

Trump's $175 million bond posted on April 1st was rejected due to incomplete paperwork and ineligible backing from the insurance company.

New York attorney general Leticia James could claim cash in Trump's accounts if the bond is not posted.

Trump and his organizations were found liable for unlawfully inflating the value of his net worth and assets to obtain favorable business deals.

Despite the civil fraud ruling against him, Trump maintains his innocence.

The penalty including interest amounted to around 454 million.

There are concerns that Trump may use connections with Saudi Arabia to secure funds.

Trump's potential involvement with live golf events funded by Saudi Arabia could be a source of income.

Speculation suggests that Trump may receive substantial funding from Saudi Arabia for various deals.

The fear is that at the last minute, someone may find a way to get the money to Trump through hidden means.

As of now, if the issue is not resolved by Monday, properties or cash could be seized legally.

Transcripts

00:00

all right we got some really really bad

00:02

news for the big guy here this is

00:04

something so in Newsweek they say he

00:06

could be in a world of hurt over the

00:08

bond issue so we're going to dive into

00:10

the article in a second but the gist of

00:12

it is um you know he had to pay was a

00:15

464 million or 454 million because of

00:18

all the fraud he committed in New York

00:20

then that number was lowered to 175

00:23

million then he thought he had secured

00:25

that 175 million from uh a billion a

00:28

billionaire conservative to his who has

00:31

like some form of an insurance company

00:34

turns out they didn't fill out the

00:36

paperwork they didn't have proof of

00:38

funds and this insurance company wasn't

00:41

registered in New York to be to do this

00:43

kind of work and so it fell

00:47

through so ain't no $175 million Bond

00:50

coming which means Trump has not come up

00:52

with the money which

00:53

means stay with me his properties can

00:57

start to be

00:58

seized d Dam all right here's what they

01:01

say Trump is heading for a world of hurt

01:02

unless he can come up with $175 million

01:04

bond by next Monday a Financial

01:05

Consultant has said John gabrielson and

01:08

atlanta-based Market Economist told

01:09

Newsweek that New York attorney general

01:11

Leticia James could easily claim cash in

01:13

Trump's accounts if the former president

01:15

fails to posb so that's I didn't even

01:17

know that I

01:18

thought I thought first they go after

01:20

the properties but apparently she they

01:21

could just seize money out of the

01:23

accounts a court has rejected the

01:25

paperwork for Trump's $175 million Bond

01:29

because it could not ver verify the

01:30

financial backing of the posting

01:32

insurance company posting so in other

01:35

words this conservative billionaire who

01:36

came into to save the day swoop in to

01:38

save

01:39

Trump they don't have proof of funds so

01:42

the Court's like why would we accept

01:44

this the court has given Trump and the

01:46

insurance company night special spe

01:49

speciality Insurance until Monday to

01:52

show Financial backing for the bond if

01:54

not James can begin enforcement

01:55

proceedings against Trump's

01:58

property Newsweek sought email comment

02:01

from night speciality insurance and

02:03

Trump's attorney general or or Trump's

02:04

attorney excuse me on Tuesday Trump

02:07

posted $175 million Bond on April 1st in

02:09

order to prevent James from seizing his

02:11

assets while he attempts to appeal the

02:12

Civil fraud ruling against him New York

02:14

judge Arthur Enron previously found

02:16

Trump pre previously found Trump his

02:18

adult son Don Jr and Eric and the Trump

02:20

organization liable for a scheme in

02:22

which the value of Trump's net worth and

02:24

assets were unlawfully inflated in order

02:25

to obtain more favorable business deals

02:28

Trump the presump of 2024 Republican

02:30

Presidential nominee has maintained his

02:31

innocence in the matter blah blah blah

02:33

Trump was hit with a penalty that came

02:34

to around 454 million after interest

02:37

anyway this goes on to just lay out more

02:39

of the uh the basics here but the bond

02:42

was the important part is the bond was

02:44

rejected by the Court's filing system

02:46

shortly after it was posted due to

02:48

missing paperwork including a Current

02:50

financial statement James whose office

02:52

led the fraud case against Trump later

02:54

raised questions about the sufficiency

02:56

of the bond and noted that the shy

02:58

backing at night speciality insurance

03:00

company is not admitted in New York

03:02

meaning it's ineligible to obtain a

03:04

certificate of qualification from the

03:05

Department of Financial Services ksic

03:08

has refiled his paperwork as a result in

03:10

an effort to get the process moving

03:12

again so I mean this is the good news

03:14

right this is falling through he could

03:16

have his property seiz which is what we

03:18

kind of thought was going to happen the

03:20

bad news is

03:22

this I still think he has more tricks up

03:24

his

03:25

sleeve so what do I mean by that well we

03:28

already saw they did some some uh some

03:31

truth social movement right it was the

03:33

company was valued at $5 billion which

03:35

by the way is ludicrous if that's worth

03:38

$5 billion this show is worth a billion

03:40

dollars okay my show is worth a billion

03:42

dollars my ass cheeks and worth five

03:44

billion in fact what did they they lost

03:45

like 58 million or 20 something million

03:47

or something like that in a single year

03:49

and please it's a joke but it was valued

03:51

at5 billion and Trump can cash out in

03:54

like 60 days and at a time his his

03:57

shares were worth $3 billion but now

03:59

looks like that really plummeted and

04:01

it's worth a lot less but that was one

04:04

trick that he had up his sleeve um to at

04:06

least eventually get the funds right um

04:10

but the other thing and this is what I

04:11

fear now look I will grant you upfront

04:15

this part is pure speculation on my part

04:17

this is not backed up yet this is just a

04:20

a feeling I have which we shall see if

04:22

it's backed up in one way or another but

04:25

my concern

04:26

is Trump just had a a secret meeting

04:29

with the Saudi dictator the other day

04:32

and they got a lot of business deals

04:33

churning at the moment so for example

04:36

Trump and his golf courses are used for

04:38

these live golf events live golf is like

04:41

the competitor to the PGA tour at the

04:42

moment it's the Saudi funded League they

04:44

have all the money in the world they

04:45

throw ridiculous sums of money at

04:47

Players to get them to come play for

04:49

them instead of the PGA Tour my guess is

04:51

Trump gets paid tens of millions of

04:53

dollars from Saudi Arabia just to have

04:56

some of the events at his courses that's

04:58

the first thing we already know about

04:59

the $2 billion that went to Jared

05:01

Kushner so by the way how do we know

05:03

Trump's not getting over a billion

05:04

dollars from Saudi Arabia for these live

05:06

golf deals the other thing is they're

05:09

currently working on a big golf project

05:11

in Saudi Arabia worth4 billion Saudi

05:14

Arabia is teaming up with Trump for that

05:16

again how much money is he getting for

05:18

that my other fear is they could have

05:20

been talking about hey leading up to the

05:22

election make gas prices Skyrocket which

05:24

Saudi has the power to do so it hurts

05:26

Biden helps me get elected right that's

05:28

one thing and the other thing

05:30

is why wouldn't Trump go right to the

05:33

Sai dictator who he's got phenomenal

05:36

business connections with and does

05:38

favors for all the time give

05:39

multi-billion dollar weapons deals Etc

05:41

didn't even give him a slap on the wrist

05:42

over Jamal kogi why would he not go to

05:46

NBS and say hey look I'm in a little bit

05:48

of a bind here I need you to get me $175

05:52

million so I could post this um and they

05:55

have some sort of whatever legal

05:57

loophole or way to hide the money to get

05:58

it to Trump so it could just end up in

06:00

his account and Trump can on the final

06:02

day Trump could be like hey I have your

06:04

175 million I have it in cash I'm going

06:06

to hand it to you

06:11

right I would be shocked if something

06:13

like that didn't come up because he's

06:14

been Trump has been going to

06:16

conservative billionaires looking for

06:17

help some have tried to help this one

06:19

fell through

06:20

right why wouldn't Muhammad bin Salman

06:23

be on that list why would they already

06:25

have so many business dealings they've

06:27

already done favors for each other Trump

06:28

is as corrupt as corrupt can

06:30

be so that's what I fear is that there

06:33

is at the last minute it'll be the

06:34

classic like you found a way to get out

06:36

of it because remember it's a Civil

06:38

Trial not a criminal trial so this is

06:40

just about money he's not going to spend

06:42

time Behind Bars yes he was found liable

06:45

for fraud business fraud tax fraud

06:47

insurance fraud bank fraud all types of

06:49

fraud Under the Sun but at the end of

06:50

the day it's just a fine so that's my

06:54

fear my fear is some at at the last

06:57

moment either some conservative

06:58

billionaire or or Muhammad bin Salon or

07:01

somebody is going to find a way to get

07:02

that money to Trump through some secret

07:06

hidden ways and we'll we'll move along

07:09

here right that's what I think is going

07:10

to happen but at least as of right now

07:13

come Monday if this doesn't get resolved

07:16

one way or the other come Monday they

07:19

can legally start seizing his Properties

07:21

or just taking his

07:23

cash kind of a big deal kind of a big

07:26

deal and my guess is he's

07:28

bricks right now hey y'all do me a favor

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Связанные теги
Financial CrisisTrump BondAsset SeizureInsurance CompanyNew York FraudCivil LawsuitBillionaire SupportSaudi BusinessElection Impact
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