New York’s attorney general has urged the state judge overseeing the state’s civil fraud case against Donald Trump to reject the former president’s $175 million appeal bond.
Attorney General Letitia James objects to Knight Specialty Insurance Co. (KSIC) as the underwriter of Trump’s bond because, according to her office’s court filing, Trump and KSIC have failed to demonstrate that the amount of the bond is sufficiently collateralized and that KSIC’s financial capacity adequately supports the undertaking.
James also objects because she contends KSIC’s management is not “sufficiently trustworthy and competent.”
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