The Briefing Room
General Category => Trump Legal Investigations => Topic started by: mystery-ak on April 05, 2024, 01:06:02 pm
-
Letitia James Questions Donald Trump’s $175M Bond Deal, Judge Schedules Hearing
Wendell Husebø 5 Apr 2024
New York Attorney General Letitia James is questioning whether the surety company covering former President Donald Trump’s $175 million bond is capable of fulfilling its obligation.
On April 1, Trump posted a $175 million bond to prevent James from seizing assets after an appeals court ruled the former president could post the bond amount to cover a civil fraud judgment of $464 million.
The appeals court ruling guaranteed Trump could appeal the judgment.
The firm that underwrote the bond is Knight Specialty Insurance Company. The company essentially promised to cover the $175 million bond if Trump loses his appeal and fails to pay. Trump paid Knight Specialty Insurance Company a fee and pledged cash as collateral to obtain Knight Specialty Insurance Company’s coverage.
more
https://www.breitbart.com/politics/2024/04/05/letitia-james-questions-donald-trumps-175m-bond-deal-judge-schedules-hearing/
-
Someone should be questioning whether Letitia James will be able to come up with the interest she will owe on the bond if Trump wins his appeal.