Attorneys for Donald Trump at a Monday hearing successfully defended the $175 million bond the former president secured in his New York state civil fraud case.
Lawyers for Donald Trump and the New York Attorney General's Office struck a deal Monday that will now keep the GOP frontrunner from having any access to the cash collateral for his $175 million civil-fraud bond.The agreement reached in civil court in Manhattan essentially moves the all-cash collateral to a Trump-proof lockbox. Only the bond underwriter, Knight Specialty Insurance Company, has the key.Previously, Trump and Knight shared control of the cash, a sticking point for the AG's...
Former President Donald Trump accepted five new conditions demanded by New York Attorney General Letitia James in order to get his controversial $175 million bond accepted in his civil fraud case, according to a new analysis."The new conditions were needed, prosecutors argued, because they didn’t trust the financial health of the insurance company, Knight Specialty Insurance, who posted the bond for Trump.Josh Fiallo of The Daily Beast writes. "They noted that Knight had violated federal law on...
Former President Donald Trump won against New York Attorney General Letitia James in court on Monday regarding a question surrounding the $175 million bond Trump posted in the civil fraud case.
New York state lawyers and an attorney for former President Donald Trump settled their differences Monday over a $175 million bond that Trump posted to block a large civil fraud judgment while he pursues appeals. The agreement cut short a potential day-long court hearing in Manhattan that was to feature witnesses. As part of a deal struck during a 20-minute recess, lawyers for Trump and Knight Specialty Insurance Company agreed to keep the $175 million in a cash account that will gain interest...
The New York attorney general’s office has asked a judge to void the $175 million bond former President Trump secured to put off paying the larger monetary damage award in his civil fraud cas
New York Attorney General Letitia James is pushing the judge in former President Donald Trump's civil fraud case to void the $175 million bond that Trump previously posted to appeal his New York civil lawsuit. In her 26-page filing obtained by Fox News Digital, James questions whether the insurance company has sufficient funds to back it up. Trump’s bond was posted by California-based Knight Specialty Insurance Company (KSIC), but James argued that the insurer was "not authorized" to write...
It appeared in late March that the wrangling over former President Donald Trump's ability to pay the $454 million in damages ordered in the civil fraud case brought against him by New York state Attorney General Letitia James' office was sorted out. Sure, James also started to make noises that she would try to seize Trump's property--and Judge Arthur Engoron slapped on court supervision of the Trump Organization's finances for the next three years.But remember that in lieu of having to...
Judge Engoron closed the loopholes and removed opportunities that Donald Trump's folks built to disappear the collateral and approved the $175 million bond. The $175 million bond that Trump and his friend, Don Hankey, posted to stave off collections in his civil fraud judgment is good enough for Judge Engoron. — Read the rest
It appears that real estate fraudster Donald J. Trump's last-minute attempt to fix the problems with his prior bond filing has created more questions and offered no believable answers. After being found guilty of fraud and ordered to pay $454 million, Donald Trump was offered a lifeline by the court to post only a $175 million bond during his appeal. — Read the rest
New York Attorney General Letitia James has been granted a hearing by state judge Arthur Engoron to challenge the $175 million bond former President Donald Trump posted in his civil fraud case.In a new, brief order signed by Engoron, James was directed to present her case to the court on April 22 that the bond, posted by Knight Specialty Insurance Company, should not be accepted.Trump was found liable for more than $450 million in damages and unpaid interest in this case, which centered on...
The $175 million bond former President Trump posted to appeal the $364