"New York Attorney General Casts Doubt on Trump's $175M Bond Deal"

1 min read
Source: The Independent
"New York Attorney General Casts Doubt on Trump's $175M Bond Deal"
Photo: The Independent
TL;DR Summary

New York Attorney General Letitia James has raised doubts about the $175m bond posted by Donald Trump in his civil fraud case, questioning whether the California-based insurer, Knight Specialty Insurance Company, has the financial capacity to cover it. The insurer's lack of authorization to issue surety bonds in New York has prompted the attorney general to request further proof of its capital. Meanwhile, Trump's legal team has refuted the attorney general's concerns, and the judge overseeing the case has scheduled a hearing on the matter for April 22.

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