New York AG questions whether California company can handle Trump's $175M bond

  • 📰 abc7newsbayarea
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Donald Trump Bond: New York AG Letitia James Quest News

Business Business Latest News,Business Business Headlines

The California company is not registered with the New York Department of Financial Services.

Donald Trump posted bond of $175 million, secured through Knight Specialty Insurance Company, in his New York civil fraud case.$175 million bond in his New York civil fraud case is financially qualified to handle a bond of that size.In a court filing, James requested that Knight Specialty Insurance Company submit papers demonstrating it is financially capable of paying the bond should Trump lose his appeal in the case.

"Seldom do our applications or our bonds get turned down," said Hankey. "I imagine it is being scrutinized very carefully, and they're checking to make sure all the I's are dotted and the T's are crossed."Trump's defense attorney, Christopher Kise, blasted the attorney general for questioning the surety.

"Yet another witch hunt!" Kise said in a statement provided to ABC News. "After hiding out in silence following an embarrassing loss in the First Department ... the Attorney General now seeks to stir up some equally baseless public quarrel in a desperate effort to regain relevance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 529. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines