Lawyers for Donald Trump contacted Warren Buffett's Berkshire Hathaway, Chubb and many others seeking an appeal bond for Trump's $454 million fraud judgment.

KEY POINTS

  • Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond, but the company backed out, a Trump Organization lawyer said.
  • Chubb previously provided Trump’s $91.6 million appeal bond in writer E. Jean Carroll’s civil defamation case.
  • In his New York civil business fraud case, Trump’s lawyers said they reached out unsuccessfully to more than 30 companies to secure a bond.
  • Those companies include Warren Buffett’s Berkshire Hathaway, Liberty Mutual, Allianz, Chubb and Travelers, among others.
  • FuglyDuck@lemmy.worldEnglish
    30·
    8 months ago

    That too.

    Also, “it’s just business”… seems kind of reasonable now.

    Though I wouldn’t want trumps left over properties. You’ll never get the greasy shit stains out. Or the smell.

    Edit: it occurs to me that one strategy rich fucks use for “earning” a living and avoiding cap gains taxes is taking loans using their assets as collateral- with real estate, taking extra mortgages out and using their rent income to pay interest.

    So chances are solid most of, if not all of his properties are leveraged.