The billionaire behind the surety company that posted Donald Trump's civil fraud bond said that insurers 'probably didn't charge' the former president enough when covering the pledge.Trump posted a $175 million bond on Monday as he appeals a ruling by New York State Supreme Court Justice Arthur Engoron, who found the former president and others associated with The Trump Organization liable of misleading insurers and lenders to obtain stronger financial terms.
'We probably didn't charge enough.'According to online agency Insureon, which handles small-business insurance, a surety bond's fee can range from 1 percent to 15 percent of the total bond amount.Newsweek reached out to Trump's attorney, Alina Habba, via email for comment Friday afternoon.