"Legal Battle Over Trump's $175 Million Fraud Bond Escalates"
TL;DR Summary
The New York Attorney General's office is seeking to void a $175 million bond posted by former President Donald Trump to secure a larger monetary damage award in his civil business fraud case, citing insufficient identifiable collateral and concerns about the surety company's qualifications. The AG's office opposes Trump's motion to justify the insurer and is asking for a replacement bond within seven days. Trump was found liable for fraud and ordered to pay $454 million in damages, which is growing with interest as he appeals the verdict.
- New York AG says $175 million Trump fraud bond isn't properly backed, should be voided CNBC
- Letitia James Under Pressure to Show Why She Rejected Trump Bond Newsweek
- Trump's $175 million bond deal defended in court by Knight Specialty Insurance Company - The Washington Post The Washington Post
- Trump's Bond Insurer Tells Judge Shortfall Is 'Inconceivable' Bloomberg
- Trump tries to wiggle out of surety hearing for $175M fraud bond Business Insider
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