H/T Rainforest Network
After grassroots pressure Chubb Insurance dropped Rio Grande LNG!
https://act.ran.org/page/71814/subscribe/1?ea.tracking.id=e_en&en_og_source=e_en&ea.url.id=2785850
H/T Rainforest Network
After grassroots pressure Chubb Insurance dropped Rio Grande LNG!
https://act.ran.org/page/71814/subscribe/1?ea.tracking.id=e_en&en_og_source=e_en&ea.url.id=2785850
#MichaelAndTeene-166:
Before its 99.97% share price crash (purportedly due to a NYSE "glitch"), #BerkshireHathaway was reportedly accumulating #Chubb & #Walmart shares (which may also have stumbled); is that why #3M is raising funds via its #MetTower deal?
https://www.linkedin.com/pulse/un-represents-governments-world-may-bell-atri-represent-teene-zahid-66d5f/
#MetaPlatforms faces headwinds as #EU launches probe, sending stock down 1%. #Walmart shines with a 6% stock surge on strong earnings, while #Chubb hits a record high after #BerkshireHathaway's investment. Meanwhile, #oil prices climb on positive data and inventory drawdown.
Trump, Zuckerberg, Musk, Greenberg, Yass, TikTok—dozens of far-flung narratives are suddenly coming together as Trump seeks a new surety bond to avoid ruin. As we learn more about the Trump-Evan Greenberg alliance represented by Trump’s shocking $91.63 million bond deal with Greenberg’s Chubb, Trump’s plan to quickly secure a much larger bond is emerging."
~ Seth Abramson
#Trump #Zuckerberg #Musk #Greenberg #Chubb #Yass #TikTok
https://sethabramson.substack.com/p/breaking-news-trump-zuckerberg-musk
The Chubb Group is also continuing to do business with Russia, profiting from its war with Ukraine.
https://www.msn.com/en-us/money/companies/trump-is-beholden-to-someone-heres-whos-behind-company-footing-e-jean-carroll-bond/ar-BB1jA3vj
#Trump #Putin #Fascism #Chubb
@KimPerales #Chubb supports rapists. Don't do business with Chubb.
Judge clarifies: Yes, Trump was found to have raped E. Jean Carroll https://www.washingtonpost.com/politics/2023/07/19/trump-carroll-judge-rape/ #trump #usPolitics #trumpIsARapist
How might the bond company be linked to Russia? To Trump?
In a pattern reminiscent of the Trump family, there is a father-son thing happening. However, neither Greenberg supported Trump directly in 2016 or 2020.
Evan Greenberg (Evan), 68/69, is the president and CEO of Chubb Ltd (incorporated in Zürich, Switzerland).
Federal Insurance Company (FIC), the company behind Trump’s surety bond, is a Chubb subsidiary.
Evan orchestrated the ACE Insurance absorption of Chubb Insurance in 2016.
Details below.
Evan donated to the Hillary Clinton campaign in the 2016 election cycle, not Trump.
However, in 2020, he donated almost exclusively to Republicans, but not Trump.
Trump appointed Evan to the Advisory Committee for Trade Policy and Negotiations in late 2018.
Although Chubb was one of the first major insurance conglomerates to “adopt limited” restrictions on insuring fossil fuel underwriting, it is one of the largest insurers of oil and gas projects.
In 2020, Reuters reported that Chubb was insuring tar sands projects in Canada. In 2021, it withdrew from the Russian Nord Stream 2 pipeline due to U.S. government sanctions.
Evan’s father is #Maurice “#Hank” #Greenberg (Maurice), 98, the former “combative” chairman and CEO of American International Group ( #AIG ), which was once a subsidiary of Starr Insurance Companies.
Starr was founded in 1919 in Shanghai, China, by an American. Maurice has been chairman and chief executive officer of Starr since 1968. (Envision nested Russian dolls.)
Maurice is notorious for extensive #fraud that happened at AIG under his direction.
He paid $24,000,000 to the SEC (2009) and the state of New York (2017) for fraud that took place before 2005, the year he turned 80 and was kicked out of the CEO penthouse.
Maurice has direct ties to Russian president Vladamir #Putin.
In 2003, Vladimir Putin, the president of Russia, welcomed Maurice to Moscow. The purpose of the visit? To develop mortgage loans in Russia.
In 2007, Maurice created a subsidiary, Starr Investments Russia, “to invest hundreds of millions in Russian real estate,” specifically “prime office space, residential housing and hotels.”
Putin was the president of Russia.
In the 2016 election cycle, Maurice donated $20,000 to Republican political action committees. According to the Washington Post, he gave more than $15,000,000 to #dark #money SuperPACs.
He supported Jeb Bush. In the 2020 cycle, he supported no presidential candidate directly.
There is no direct link between the surety bond company and Putin. There are links between projects, players, corporations.
If FIC asked for 2%, Trump had to pony up only (only!) $18,400,000.
Rather than his winning an appeal, I put money on Carroll winning another defamation suit.
Who will pay his bills?
That’s the national and domestic #security #issue.
(3/3)
About That prejudicial bond agreement
Trump’s lawyers and Chubb’s risk-averse managers initially wrote the $92,000,000 bond so that FIC would have 60 (sixty) days to pay up should Trump lose his appeal.
As Jose Pagliery at the Daily Beast points out, that 60-day period gives someone approximately $3 million, assuming the $92 million “were invested in the S&P 500 stock market index during a similar time period at the start of the year.”
Tom Gober, a forensic accountant and certified fraud examiner, told Pagliery:
Knowing all of the public record being what it is on Trump’s false statements and times he hasn’t paid his bills, all of that… I’m sure the surety company would like as much time as they can justify. Plus … [t]hey earn interest on that money before they have to pay it out.
Carroll has a damn good attorney, Roberta Kaplan. Kaplan saw the odd language in the bond.
On Monday, she alerted U.S. District Judge Lewis Kaplan… And in a sign of just how interested he is, the judge immediately responded in a handwritten note scribbled over her letter to the court.
“The parties shall submit revised documentation promptly,” the judge wrote back.
Both 30-day provisions now read 15 days.
(2/3)
#surety #bond #defamation #Carroll #Chubb #structured #prejudicial #Russia
Trump’s surety bond yields ongoing intrigue, remains a national security issue
News organizations, as well as TMV, reported last week that Donald Trump had posted a $92,000,000 #surety #bond in order to appeal the judgment that led from his assualt and #defamation of E. Jean #Carroll.
The superficial report was this:
Federal Insurance Company (FIC), a division of the insurance conglomerate #Chubb Ltd., wrote the bond, gambled that Trump is good for the money.
There were some things missing in that just-get-it-out reporting.
Unfortunately, the questions seem to live only in alternative media, not the Wall Street Journal or New York Times.
One of those things: an oddly #structured bond agreement, one #prejudicial to Carroll.
Another: #Russia. (Don’t act surprised.)
Might be interesting if a whole lotta folks each buy one share of #Chubb, then file a class action suit against the CEO for backing #Trump and posting his $91MM bond. What a slap in the face to Chubb shareholders. #Fiduciary #negligence.
https://www.google.com/gasearch?q=chubb%20stock%20price&tbm=&source=sh/x/gs/m2/5
Who posted the $91 million bond for Trump?
"Evan Greenberg’s ACE Insurance, which became Chubb in 2016, “does business” with his onetime Russian-bank-owning father’s Russia investment vehicle Starr International.
Greenberg’s father
—and longtime boss at AIG
—Maurice Greenberg, is a Vladimir Putin business associate who has also associated, as discussed in detail below, with Russian spies, other Kremlin agents, and the 2016 Trump presidential campaign.
If these entanglements continue to exist in 2024 it is highly likely that in fact Evan Greenberg’s company’s business interests are entwined, through his still-living father, with Russian government-owned entities.
- Seth Abramson
Click on a person for more details
https://embed.kumu.io/5ea48dfd450eb9ce1036c39b1c7f5115#untitled-map
#Evan #Greenberg #Chubb #Putin #spies #agents #Trump
Experts Said for Weeks That Trump Might Get Bonded By Kremlin Allies.
Now It Appears It’s Happening
—Causing a National Security Crisis
—So Why Is Media So Silent About the Greenberg Family?
The biggest national security crisis since the Trump administration is being ignored by media
—which instead hails a historically suspicious, still unapproved 91 million dollar bond proposal by Trump as a legal victory.
New research into old business articles reveal that #Evan #Greenberg’s ACE Insurance, which became #Chubb in 2016,
“does business” with his onetime Russian-bank-owning father’s Russia investment vehicle Starr International.
Greenberg’s father
—and longtime boss at AIG
—Maurice Greenberg, is a Vladimir #Putin business associate who has also associated, as discussed in detail below, with Russian #spies, other Kremlin #agents, and the 2016 #Trump presidential campaign.
If these entanglements continue to exist in 2024, it is highly likely that in fact Evan Greenberg’s company’s business interests are entwined, through his still-living father, with Russian government-owned entities."
Who posted the $91 million bond for Trump? Follow the Russian connections.
https://thedemlabs.org/2024/03/11/chubb-posts-91-million-bond-for-trump-defamation-case-follow-russian-connections/
#chubb #evangreenberg #ejeancarrolltrial #putin
In 2021, the Boston Globe editorial board asked: “Who owns the president?
”
It’s a reasonable question. We didn’t know the answer then. We still don’t.
Three years later, we have more than a half-billion reasons to ask that question.
Were he to be re-elected, his legal #debts would be a #national #security issue as well as a domestic one.
On Friday, Donald #Trump posted an $92,000,000 #bond, a promise to pay (with interest) writer E. Jean Carroll, who won her defamation case against Trump last year.
Trump also still owes Carroll $5 million award for her original defamation lawsuit.
Federal Insurance Company, a division of the insurance conglomerate #Chubb Ltd., is managing Friday’s bond. That’s all we know.
Trump’s court filing didn’t provide details on how he financed the $91.6 million bond. Nor did Chubb, which said, “as a matter of policy, we do not comment on client-specific information.”
The standard premium for appeal bonds is 2%, according to people familiar with the business. At that rate, Trump’s bond would have cost him $1.8 million, unless he negotiated a better rate.
Absent a fire sale of his trophy properties, or a sudden infusion of funds from an angel investor, Trump would most likely have to pledge some of his real estate assets as collateral for his next appeal bond.
And if those properties are encumbered in any way with mortgages or loans, the surety underwriter would have to devise a way to put the bond in a priority position.
Then there’s the issue of Trump himself, who has a checkered past when it comes to paying off debts (emphasis added)…Does Trump have a relationship with the Chubb CEO? Is this bond a quid-pro-quo?
In 2018, Trump appointed Chubb’s CEO Evan Greenberg to a White House advisory committee for trade policy and negotiations.
According to Andrew Weissmann, former general counsel for the FBI:[The] issue of who is actually behind [Trump’s bond] is something that people who are voting should know… who is the candidate beholden to? Is [Trump] going to be making policy and being differential to people who have put up money (emphasis added)?
#followthemoney
https://themoderatevoice.com/follow-the-money-trumps-legal-peril-is-a-national-security-issue/
The $91.63 million #Trump posted in the E Jean #Carroll settlement includes the full $83.3 million judgment, along with a 9% statutory interest the State of New York tacks onto surety bonds.
That money has been set aside in a court-managed account to be paid to Carroll in the event Trump loses his appeal.
The ex-president's #bond was guaranteed by the Federal Insurance Company
— a New York-based subsidiary of the company #Chubb Group LLC, which is headquartered in Switzerland.
In 2018, Chubb #CEO #Evan #Greenberg served on a trade advisory committee in the Trump White House.
The Washington Post reported that "it was not clear from court records what collateral Trump presented to obtain the bond from Chubb."
#DonaldTrump is now a "leveraged" man.
To make sure he doesn't become a leveraged President, #VoteBidenHarris in November
#DonaldTrumpIsARussianAsset #Leveraged #LeveragedByPutin
#Chubb #StopFascism #StopAuthoritarianism
#VoteBlue
https://www.cbsnews.com/news/trump-posts-bond-e-jean-carroll-case-91-million/
So when I hear Biden crime family, we're all supposed to also ignore that a multinational insurance company just bailed Trump's ass out by posting his bond?
I mean c'mon y'all. GOP cannot be this dumb or they could be! But dang c'mon. Open ya damn eyes, that's legit crime/beholden/corruption kind of level shit. Goose, gander come on. #Trump #Chubb #Bond