Corrupt Letitia James Asks Judge to Reject Trump's $175 Million Bond
Sarah Arnold
~3 minutes
New York Attorney General Letitia James’ office first forced former President Donald Trump to pay a $454 million bond.
Then when an appeals court ruled that it was an outlandish sum, the bond was lowered to $175 million.
After scrambling to get the millions of money to pay the radical, politically-driven bond, James is asking the judge in Trump’s civil fraud case to reject it.
On Friday, state lawyers explained in a 26-page court filing that Trump and his co-defendants — the Trump Organization and its top executives, including his two sons— failed to show there is enough identifiable collateral to back the bond.
“Based on the foregoing, the People respectfully request that the Court deny Movants’ motion to justify the surety, declare the Bond to be without effect, and order that any replacement bond be posted within seven days, along with such other and further relief the Court deems necessary and appropriate,” James’ office wrote.
Earlier this month, James raised doubts “sufficiency” of the $175 million bond Trump put up, which the California-based Knight Specialty Insurance Company lent the former president.
more
https://townhall.com/tipsheet/saraharnold/2024/04/20/letitia-james-asks-judge-to-reject-trump-bond-n2638056
