Letitia James filed a ‘notice of exception to the sufficiency of the surety’ seeking more information about Knight Specialty Insurance Company
Donald Trump’s $175m bond in his New York civil fraud case has been thrown into doubt by New York Attorney General Letitia James after she filed a notice asking for evidence that the out-of-state firm that underwrote it really has the money to pay up.
Ms James’s office submitted a “notice of exception to the sufficiency of the surety” on Thursday asking for further proof that California-based Knight Specialty Insurance Company (KSIC) has the capital to proceed on the former president’s behalf.
KSIC is not regulated by New York state, which means that it is not authorised to issue surety bonds in the Empire State and therefore cannot obtain a certificate from the New York Department of Financial Services, which is customarily part of any bond package.
Huh. Well I was thinking he’d be hard pressed to actually find that many; but uh, there’s thought to be 200 billion in circulation .
So he’d need 17.5 billion pennies. (+interest. I don’t want to figure that out.)
A single roll is 50x2.5 grams, or 125 grams.
If my pre caffinated math is correct, that comes out to 2.18 billion kilograms. Class 8 dump trucks (like for hauling dirt,) can handle 6.3k kilos to 11k.
Rounding to 6k and 11k, fyi….
Assuming they all fit… a dump truck could handle between 50 thousand and 88 thousand rolls each trip. Or 25k to 44k dollars in pennies.
It would take between 43,600 and 24,773 trips, using a class 8 dump truck.
All bets are off if you’re talking about the typical armored truck hauls.