Trump’s Cali repo guy offered to provide “impossible” $454 bond

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…and Trump’s lawyers didn’t tell the appellate court.

ProPublica:

Former President Donald Trump’s…lawyers had told the appellate court it was a “practical impossibility” to get a bond for the full amount of the lower court’s judgment, $464 million. All of the 30 or so firms Trump had approached balked, either refusing to take the risk or not wanting to accept real estate as collateral, they said. That made raising the full amount “an impossible bond requirement.”

But before the judges ruled, the impossible became possible: A billionaire lender approached Trump about providing a bond for the full amount.

… In an interview with ProPublica, billionaire California financier Don Hankey said he reached out to Trump’s camp several days before the bond was lowered, expressing willingness to offer the full amount and to use real estate as collateral.

When Hankey realized this put Trump’s lawyers in trouble for presenting a lie to the appeals court, he changed his story, saying well, you know, it would have been complicated, blah, blah, blah…but then he covered the lowered $175M bond amount.

So what? Well,

New York state’s rules of professional conduct for lawyers… dictate that lawyers must “correct a false statement of material fact or law previously made” to the court.

…which they haven’t. Because then they’d have to explain why they had an offer in hand and let the appeals judges think it was “impossible”.

[Said] Ellen Yaroshefsky, a professor of legal ethics at Hofstra Law…“Any judge is going to be furious that this wasn’t corrected,” she said.

Well, this is Trump, so we’ll see if IOKIYT.

But there are more problems, in the next post.