LogFAQs > #980023324

CSCA33 posted...

The insurance company he put up to cover the $175 million bond does not have the money to cover the bond, with only about $136 million some odd in reserves.

Additionally, theyre not allowed to cover individual claims that exceed 10% of their reserves, so the largest insurance payout they could cover is ~$13.6 million.

The money / company is also tied to some Cayman Islands account.

Trump essentially put up a worthless I.O.U. to cover the appeal bond and will almost certainly get rejected by the court

Also, the account he put up as collateral for the bond is an account he retains access to

so the whole thing sounds like just more fraud and should be another crime in itself