"New York State Attorney General Investigates Validity of Trump's $175 Million Civil Fraud Bond"

1 min read
Source: The Associated Press
"New York State Attorney General Investigates Validity of Trump's $175 Million Civil Fraud Bond"
Photo: The Associated Press
TL;DR Summary

New York state is demanding more information on the $175 million appeal bond posted by former President Donald Trump to block the collection of a civil fraud judgment. State Attorney General Letitia James has called for justification of the bond's bona fides, seeking more details on the collateral provided and the underwriter's ability to fulfill it. Trump's lawyer criticized the move as a "baseless public quarrel," while the attorney general's office filed notice of exception to the sufficiency of the bond. The bond, aimed at halting enforcement of the judgment during Trump's appeal, has faced procedural hurdles and scrutiny over its financial backing.

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