"NY AG Questions Handling of Trump's $175M Bond Offer"
Originally Published 1 year ago — by Business Insider
Former President Trump reportedly received a bond offer from billionaire Don Hankey to cover the full $464 million required, but his legal team claimed they were rejected by firms and the bond was ultimately reduced to $175 million, saving Trump hundreds of millions. It's unclear if Trump's lawyers knew about the offer, but legal experts suggest that if they did and failed to notify the court, it may constitute an ethics violation. The conduct of Trump's attorneys in this matter appears to be a clear violation of legal rules, and they could face disciplinary action if found to have knowingly misrepresented the situation to the court.