NY AG asks Trump civil fraud judge to declare $175M bond ‘without effect’
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NY AG Letitia James asks judge to void Trump's $175M bond in civil fraud case
New York Attorney General Letitia James is pushing the judge in former President Donald Trump's civil fraud case to void the $175 million bond that Trump previously posted to appeal his New York civil lawsuit. In her 26-page filing obtained by Fox News Digital, James questions whether the insurance company has sufficient funds to back it up. Trump’s bond was posted by California-based Knight Specialty Insurance Company (KSIC), but James argued that the insurer was "not authorized" to write...
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New York AG Letitia James asks judge to void Trump's bond in his civil fraud verdict
New York Attorney General Letitia James on Friday asked that a judge void former President Donald Trump's bond in his civil fraud case, questioning whether the company that issued it has the funds to back it up. In a 26-page filing ahead of a pre-scheduled hearing on Monday, James expressed concern about whether Knight Specialty Insurance Company could secure the $175 million bond. She also argued that the collateral put up by the former president should be under the full control of the company....
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NY AG's Office Asks Judge Engoron to Void Trump's $175M Bond in Civil Fraud Case
It appeared in late March that the wrangling over former President Donald Trump's ability to pay the $454 million in damages ordered in the civil fraud case brought against him by New York state Attorney General Letitia James' office was sorted out. Sure, James also started to make noises that she would try to seize Trump's property--and Judge Arthur Engoron slapped on court supervision of the Trump Organization's finances for the next three years.But remember that in lieu of having to...