NY Attorney General Urges Judge to Deny $175 Million Bond in Donald Trump's Civil Fraud Case from 15 ag Watch Video

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✓ Published: 22-Apr-2024
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The New York attorney general's office is urging a judge to reject the 175 million dollar bond that former President Donald Trump posted in his civil business fraud case. The AG argues that Trump and the other defendants have not proven that they can back the bond if their appeal is unsuccessful. Additionally, the insurance company, Knight Specialty Insurance , used by Trump to obtain the bond, is not authorized to write bonds in New York. The attorney general's request, disclosed in a court filing on Friday, sets the stage for a court hearing on the bond dispute scheduled for Monday. If Trump's payment is not accepted, the attorney general's office has the authority to take swift action against his bank accounts and real estate holdings. We will keep you updated on this fast moving story, on Fan Reviews News.

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The New York attorney general's office is urging a judge to reject the 175 million dollar bond that former President Donald Trump posted in his civil business fraud case. The AG argues that Trump and the other defendants have not proven that they can back the bond if their appeal is unsuccessful. Additionally, the insurance company, Knight Specialty Insurance , used by Trump to obtain the bond, is not authorized to write bonds in New York. The attorney general's request, disclosed in a court filing on Friday, sets the stage for a court hearing on the bond dispute scheduled for Monday. If Trump's payment is not accepted, the attorney general's office has the authority to take swift action against his bank accounts and real estate holdings. We will keep you updated on this fast moving story, on Fan Reviews News.
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The $175 million bond former President Donald Trump put up in his civil fraud case will not be invalidated, as his attorneys and the New York attorney general’s office reached an agreement Monday after the state raised concerns about the bond and the California-based insurance company Trump used to secure it.<br/><br/>READ MORE: https://www.forbes.com/sites/alisondurkee/2024/04/22/trumps-175-million-fraud-bond-survives-after-new-york-ag-strikes-deal/?sh=1054d33172e7<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com
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