TeamDML offers insights, opinions, podcasts, videos and other forms of content intended to educate and better explain trending news that is made available to the public by third parties. In this particular case, we refer to an excerpt from Breitbart:
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.
On April 1, 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 appeals court ruling guaranteed Trump could appeal the judgment.
Now James is raising objections over the company who secured the bond for Trump, and is questioning the company’s ability to cover the sum of the bond.
The firm who wrote the bond, Knight Specialty Insurance Company, has said that Trump paid a fee and pledged cash as collateral to obtain the coverage.
Now James has gotten Judge Arthur Engoron, to schedule a hearing on April 22 to discuss her objections to the company Trump used.
Trump’s son, Eric Trump, blasted James, writing on social media, “The fact that the New York Attorney General is objecting to a bond that is 100% backed entirely by CASH is just another example of the absurdity and foolishness that have been the underlying theme throughout this circus of a case.”
The fact that the New York Attorney General is objecting to a bond that is 100% backed entirely by CASH is just another example of the absurdity and foolishness that have been the underlying theme throughout this circus of a case. https://t.co/ofizbTk3FA
— Eric Trump (@EricTrump) April 4, 2024
WATCH the video below for more details.
BREAKING:
In incredible and vindictive move, NY AG Letita James fields notice with NY court demanding insurance company provide proof that the President Trump’s $175M bond is financially sound in Trump’s NY fraud case appeal.
RT if you think Letitia James is on witch hunt.… pic.twitter.com/fVRw0izHqH
— Conservative Brief (@ConservBrief) April 5, 2024
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The post NEWS ALERT: NY AG Letitia James doubles down, gets hearing scheduled over Trump’s $175M bond deal [Eric Trump responds] appeared first on Dennis Michael Lynch.
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