New York AG questions whether California company can handle Trump's $175M bond

abcnews.go.com

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New York AG questions whether California company can handle Trump's $175M bond

abcnews.go.com

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NewsEnglish • 8 months ago

The New York AG is questioning whether the California company that underwrote Donald Trump's $175 million bond is financially qualified to handle a bond of that size.

Letitia James asked the firm to show it’s capable of paying the bond if needed.

New York Attorney General Letitia James questioned Thursday whether the California company that underwrote former President Donald Trump’s $175 million bond in his New York civil fraud case is financially qualified to handle a bond of that size.

In a court filing, James requested that Knight Specialty Insurance Company submit papers demonstrating it is financially capable of paying the bond should Trump lose his appeal in the case.

The California company is not registered with the New York Department of Financial Services.

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14•8 months ago
Shouldn’t the bond already be paid, though? If they won’t accept an IOU from Trump himself why are they accepting an IOU from someone on his behalf?

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