New York Attorney General Letitia James is questioning whether the surety company covering former President Donald Trump’s $175 million bond is capable of fulfilling its obligation. Trump posted a $175 million bond to prevent James from seizing assets after an appeals court ruled the former president could post the bond amount to cover a civil fraud judgment of $464 million. The firm that underwrote the bond is Knight Specialty Insurance Company.
Trump paid a fee and pledged cash as collateral to obtain the company's coverage. James questions the company's ability to cover the sum of the bond, a Thursday court filing showed
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