Trump's $175 million bond should be REJECTED in fraud trial because the ... trends now
View
comments
The New York Attorney General's office asked a judge to void the $175 bond secured in the New York civil fraud case.
In a filing on Friday, AG Letitia James' office said Trump and other defendants in the case failed to show there is enough identifiable collateral to back the bond.
The lawyers asked Judge Arthur Engoron to require Trump and other defendants to put up a replacement bond within seven days of ruling on the issue.
It comes after the James raised doubts earlier this month about the 'sufficiency' of the $175 million bond put up as Trump goes forward with the appeal in his New York fraud case.
New York Attorney General Letitia James' office asked the judge to reject Trump's $175 million bond in civil fraud case
The filing notes rather than Trump selecting as surety a large national insurance company licensed in New York, he chose instead Knight Specialty Insurance Company (KSIC) 'a small insurer that is not authorized to write business in New York and thus not regulated by the