Former President Donald Trump Faces $454 Million Civil Fraud Judgment in New York, Struggles to Find Underwriter for Bond

New York, New York United States of America
Former President Donald Trump is facing a $454 million civil fraud judgment in New York.
He has been ordered to post bond as part of the appeal process.
Former President Donald Trump Faces $454 Million Civil Fraud Judgment in New York, Struggles to Find Underwriter for Bond

Former President Donald Trump is facing a $454 million civil fraud judgment in New York and has been ordered to post bond as part of the appeal process. However, he has struggled to find an underwriter willing to take on the entire amount. The state argues that Trump and his co-defendants have not explored every option before requesting a bond fully covering the judgment. If Trump is unable to secure a single bond for $454 million, he could attempt to secure multiple smaller bonds or consent to have his real estate interests held by the Supreme Court.


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Confidence

100%

No Doubts Found At Time Of Publication

Sources

71%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Panic mode sets in for Trump as he faces deadline for massive bond

CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Kaitlan Collins Wednesday, 20 March 2024 01:20
  • Unique Points
    None Found At Time Of Publication
  • Accuracy
    • Trump's lawyers acknowledged Monday that he was struggling to find an insurance company willing to underwrite his $454 million bond.
    • The amount Trump owed surpassed $450 million with interest included.
    • In order to stop the state from enforcing the judgment, Trump has to post a bond that could take years for litigation.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (75%)
    None Found At Time Of Publication
  • Bias (80%)
    The article contains several examples of bias. Firstly, the author uses loaded language such as 'panic mode' and 'struggling to find an insurance company willing to underwrite his $454 million bond'. This is a clear attempt to portray Trump in a negative light by implying that he is struggling financially and unable to secure funding for his appeal. Secondly, the author quotes sources who are critical of Trump's handling of the case, including Letitia James and Judge Arthur Engoron. The use of these sources without providing any countering opinions creates an imbalanced viewpoint in favor of those criticizing Trump. Thirdly, the article contains several examples where it is suggested that Trump has been lashing out at his critics on social media, such as when he wrote 'WITCH HUNT' and 'ELECTION INTERFERENCE!'. This creates a negative impression of Trump by portraying him as angry and bitter. Finally, the article contains several examples where it is suggested that Trump has approached 30 underwriters to back his bond, which could be seen as an attempt to create a sense of urgency or desperation on behalf of Trump.
    • It is suggested that Trump has approached 30 underwriters to back his bond, creating a sense of urgency or desperation
      • The article quotes sources who are critical of Trump's handling of the case, including Letitia James and Judge Arthur Engoron
        • The author uses loaded language such as 'panic mode' and 'struggling to find an insurance company willing to underwrite his $454 million bond'
          • 'WITCH HUNT', 'ELECTION INTERFERENCE!' - these were statements made by Trump on social media which creates a negative impression of him.
          • Site Conflicts Of Interest (50%)
            None Found At Time Of Publication
          • Author Conflicts Of Interest (50%)
            None Found At Time Of Publication

          64%

          The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
          (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

          A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

          Joe Biden Jokes About Donald Trump's Debt Problems: 'I Can't Help You'

          Newsweek LLC James Bickerton Thursday, 21 March 2024 07:41
          • Unique Points
            • Joe Biden mocked Donald Trump over his difficulty in obtaining a bond to appeal a New York civil court judgment amounting to $454 million
            • A man came up to Joe Biden and discussed his heavy debts with him
            • Biden responded to the man by saying 'Donald, I'm sorry. I can't help you'
          • Accuracy
            No Contradictions at Time Of Publication
          • Deception (80%)
            The article is deceptive in that it presents a false narrative about Joe Biden's response to Donald Trump's debt problems. The author quotes Biden as saying 'I can't help you,' which implies that he has no intention of helping Trump with his debts when in fact, the context suggests otherwise.
            • The article falsely presents a narrative about Joe Biden mocking Donald Trump over his debt problems.
          • Fallacies (85%)
            The article contains an appeal to authority fallacy. The author uses the statement of a defeated looking man as evidence that Donald Trump is in crushing debt and needs help. This is not true and should not be taken at face value.
            • ]Just the other day this defeated looking man came up to me and said:
          • Bias (85%)
            The author of the article demonstrates bias by mocking Trump's financial problems and implying that he is a defeated man. This shows disrespect and contempt for his personal situation, which may not be relevant to his political performance or policies. The author also uses sarcasm to make fun of Trump's request for help, suggesting that he does not care about the plight of ordinary people who are in debt. These examples show a negative attitude towards Trump and his supporters, as well as an attempt to undermine his credibility and appeal.
            • Biden said he then responded: "Donald, I'm sorry. I can't help you."
              • Joe Biden mocked Donald Trump on Wednesday over his difficulty in obtaining a bond to allow him to appeal a New York civil court judgment amounting to $454 million. ELIJAH NOUVELAAGE/AFP/SCOTT OLSON/GETTY President Joe Biden mocked Donald Trump on Wednesday over his difficulty in obtaining a bond to allow him to appeal a New York civil court judgment amounting to $454 million.
              • Site Conflicts Of Interest (0%)
                None Found At Time Of Publication
              • Author Conflicts Of Interest (0%)
                None Found At Time Of Publication

              82%

              The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
              (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

              A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

              New York AG pushes back on Trump's 'extraordinary' request to stay $464M fraud judgment

              ABC NEWS SITE NAMES Name: ABC News Site Names URL: https://abcnews.go.com/Politics/us-officially-blames-iran_106834435 ABC News Thursday, 21 March 2024 07:54
              • Unique Points
                • Trump has failed to demonstrate his effort to secure a bond using properties as collateral
                • If Trump is unable to secure a single bond for the $464 million judgment, he could attempt to secure multiple smaller bonds or consent to have his real-estate interests held by the Supreme Court
              • Accuracy
                No Contradictions at Time Of Publication
              • Deception (80%)
                None Found At Time Of Publication
              • Fallacies (85%)
                The article contains several fallacies. Firstly, the author uses an appeal to authority by stating that 'New York Attorney General Letitia James is pushing back on Donald Trump's extraordinary request for a stay of his $464 million civil fraud judgment'. This statement implies that the AG has some sort of expertise or authority in this matter, which may not be true. Secondly, the author uses an informal fallacy by stating that 'Trump's lawyers argued that he is unable to secure a bond for the judgment due to its size and his need to post properties as collateral'. This statement implies that Trump has no ability or resources to secure a bond, which may not be true. Thirdly, the author uses an informal fallacy by stating 'Trump's AG argued that he has failed to demonstrate his effort to secure a bond using properties as collateral'. This statement implies that Trump is responsible for failing to secure a bond and ignores any external factors or obstacles that may have prevented him from doing so. Finally, the author uses an informal fallacy by stating 'Trump's AG criticized Trump's attempt to introduce two affirmations from both Trump Organization General Counsel Alan Garten who James alleged was personally involved in the fraudulent and illegal conduct that gave rise to the judgment'. This statement implies that Garten is guilty of fraud, which may not be true. Overall, while there are no formal fallacies present in this article, it contains several informal fallacies.
                • The author uses an appeal to authority by stating 'New York Attorney General Letitia James is pushing back on Donald Trump's extraordinary request for a stay of his $464 million civil fraud judgment'.
                • The author uses an informal fallacy by stating that 'Trump's lawyers argued that he is unable to secure a bond for the judgment due to its size and his need to post properties as collateral'.
                • The author uses an informal fallacy by stating 'Trump's AG argued that he has failed to demonstrate his effort to secure a bond using properties as collateral'.
                • The author uses an informal fallacy by stating 'Trump's AG criticized Trump's attempt to introduce two affirmations from both Trump Organization General Counsel Alan Garten who James alleged was personally involved in the fraudulent and illegal conduct that gave rise to the judgment.'.
              • Bias (85%)
                The article contains multiple examples of bias. Firstly, the author uses language that dehumanizes Trump by referring to him as 'extraordinary' and his request for a stay as 'unreliable'. Secondly, the author misrepresents facts when they say that sureties may have refused to accept defendants' specific holdings because using Mr. Trump's real estate will generally need a property appraisal, which is not true. Thirdly, the author uses language that dehumanizes Giulietti by referring to him as an 'expert witness for defendants at trial'. Fourthly, the author misrepresents facts when they say that Supreme Court found Mr. Giulietti's trial testimony to lack credibility which is not true.
                • Misrepresentation of facts: Supreme Court found Mr. Giulietti's trial testimony to lack credibility
                  • Misrepresentation of facts: sureties may have refused to accept defendants' specific holdings because using Mr. Trump's real estate will generally need a property appraisal
                    • The use of language that dehumanizes Trump by referring to him as 'extraordinary'
                      • Use of language that dehumanizes Giulietti by referring to him as an 'expert witness for defendants at trial'
                      • Site Conflicts Of Interest (100%)
                        None Found At Time Of Publication
                      • Author Conflicts Of Interest (50%)
                        None Found At Time Of Publication

                      83%

                      The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
                      (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

                      A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

                      NY state asks court not to let Trump forgo $454M bond during fraud case appeal

                      The Associated Press News Site (USA) Wednesday, 20 March 2024 17:34
                      • Unique Points
                        • , The defendants in the case are arguing that they haven't explored every option before requesting a bond fully covering the judgment.
                        • , One of Trump's attorneys, Christopher Kise, said in a statement that Attorney General Letitia James is misrepresenting facts and law in her political crusade against him.
                      • Accuracy
                        • Former President Donald Trump is in panic mode as the deadline approaches to secure a half-billion-dollar bond to appeal his civil fraud case in New York.
                        • Trump's lawyers acknowledged Monday that he was struggling to find an insurance company willing to underwrite his $454 million bond. Privately, Trump had been counting on Chubb, which underwrote his $91.6 million bond for the E. Jean Carroll judgment, but the insurance giant informed his attorneys in the last several days that that option was off the table.
                        • Trump's team has sought out wealthy supporters and weighed what assets could be sold to secure funds for a bond.
                      • Deception (80%)
                        The article is deceptive in several ways. Firstly, the author claims that Trump's lawyers have stated that they cannot find an underwriter willing to take on the entire amount of $454 million bond fully covering a civil fraud judgment while he appeals. However, this statement is not accurate as it contradicts what was reported earlier in the article where it states that Trump and his co-defendants didn't explore every option. Secondly, the author uses sensationalism by stating that Trump has been ordered to pay more than $454 million in penalties and ever-growing interest; some of his co-defendants owe additional money. This statement is misleading as it implies that Trump owes this amount solely due to the fraud case, when in reality he also owes a significant portion from other legal liabilities. Lastly, the author uses selective reporting by only mentioning two lawsuits brought against Trump and not disclosing any other relevant information.
                        • The author uses sensationalism by stating that Trump has been ordered to pay more than $454 million in penalties and ever-growing interest; some of his co-defendants owe additional money. This statement is misleading as it implies that Trump owes this amount solely due to the fraud case, when in reality he also owes a significant portion from other legal liabilities.
                        • The article states that Trump's lawyers have stated that they cannot find an underwriter willing to take on the entire amount of $454 million bond fully covering a civil fraud judgment while he appeals. However, this statement is not accurate as it contradicts what was reported earlier in the article where it states that Trump and his co-defendants didn't explore every option.
                      • Fallacies (70%)
                        The article contains an appeal to authority fallacy when it states that Trump's lawyers said earlier this week that he couldn't find an underwriter willing to take on the entire amount. This statement is not supported by any evidence and relies solely on the word of Trump's lawyers, making it a form of appeals to authority.
                        • The article states that Trump's lawyers said earlier this week that he couldn’t find an underwriter willing to take on the entire amount. This statement is not supported by any evidence and relies solely on the word of Trump's lawyers, making it a form of appeals to authority.
                      • Bias (85%)
                        The article contains a statement from the author that implies bias towards former President Donald Trump. The author states that Attorney General Letitia James is trying to dent Trump's campaign and misrepresent facts in her political crusade against him. This suggests an ideological bias towards the Democratic party, which opposes Trump.
                        • The article contains a statement from the author that implies bias towards former President Donald Trump.
                        • Site Conflicts Of Interest (100%)
                          None Found At Time Of Publication
                        • Author Conflicts Of Interest (0%)
                          None Found At Time Of Publication

                        82%

                        The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
                        (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

                        A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

                        What Happens If Trump Can’t Get a Half-Billion-Dollar Bond?

                        The New York Times Kate Christobek, Tuesday, 19 March 2024 07:00
                        • Unique Points
                          • . U.S.WorldBusinessArtsLifestyleOpinionAudioGamesCookingWirecutterThe Athletic Advertisement SKIP ADVERTISEMENT You have a preview view of this article while we are checking your access.
                          • . Donald J. Trump's lawyers told a judge that their client could not come up with the collateral needed to stave off efforts to collect a $454 million judgment.
                          • . He has six days left.
                        • Accuracy
                          • He has six days left.
                          • . The bond is due March 25, and without one, some of Donald Trump's marquee properties would be at risk of seizure by the state.
                        • Deception (100%)
                          None Found At Time Of Publication
                        • Fallacies (85%)
                          The article contains several fallacies. The author uses an appeal to authority by stating that the former president must secure an appeal bond for roughly half a billion dollars in his civil fraud case in New York and that he lacks the assets needed to do so.
                          • > Mr. Trump's lawyers revealed that he had been unable to secure an appeal bond despite diligent efforts, including approaching about 30 bond companies.
                        • Bias (100%)
                          None Found At Time Of Publication
                        • Site Conflicts Of Interest (50%)
                          None Found At Time Of Publication
                        • Author Conflicts Of Interest (50%)
                          None Found At Time Of Publication