"Unraveling the Controversy: Donald Trump's $175 Million Civil Fraud Bond"

1 min read
Source: CBS News
"Unraveling the Controversy: Donald Trump's $175 Million Civil Fraud Bond"
Photo: CBS News
TL;DR Summary

Former President Donald Trump posted a $175 million bond in a civil fraud case in New York, but experts have raised concerns about the validity of the bond. The bond, provided by Knight Specialty Insurance Company, is missing crucial information and the company is not listed on New York's Department of Financial Services website. Questions have been raised about the company's licensing and financial solvency, as well as its compliance with New York insurance laws. The New York Supreme Court clerk's office has requested corrections to the bond filing, and there are calls for an investigation by the New York Attorney General's office to determine the bond's validity.

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