"Unraveling Trump's Unusual $175 Million Bond Reduction"
Originally Published 1 year ago — by Yahoo Finance
Former President Donald Trump's $175 million bond to appeal his $454 million fraud conviction in New York has raised concerns among experts, as it appears to rely on an irregular arrangement with Knight Specialty Insurance Company, led by billionaire Don Hankey. The bond filing suggests that Trump himself may be responsible for paying the bond, which experts say is highly unusual and effectively negates the purpose of an insurance company guarantee. Questions have been raised about the issuer's ability to cover the bond, and a hearing on the matter is scheduled for April 22.
