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.
New York Attorney General Letitia James is moving to seize Donald Trump's Westchester County assets as the deadline for his $464 million bond approaches, following a civil fraud judgment against him. Trump's attorneys argue that posting the bond is unfeasible due to the high cost, but James has rejected their arguments and set a deadline of March 25. While Trump has appealed the decision, James has indicated her readiness to begin seizing his assets if he fails to comply. The potential follow-up actions may involve levying a lien on his assets or trying to foreclose the properties, and while judgments have been entered in Westchester County, it's not certain that his properties there will ultimately be confiscated.
