New York Attorney General Letitia James has raised concerns regarding the surety bond provided by former President Donald Trump in a civil fraud case. James has requested Trump's team or Knight Specialty Insurance Company (KSIC), the issuer of the $175 million bond, to file a motion justifying the bond's surety or to provide further details about the collateral within 10 days. New records have revealed that KSIC, which helped prevent property seizures for Trump in his bank fraud case, might be over-leveraged. The Attorney General's office has taken exception to Trump's appeal bond, noting that KSIC is not pre-approved by the New York State Department of Financial Services. Additionally, an appeals court reduced Trump's bond by more than 60% after his attorneys argued it was a "practical impossibility" to pay the full $464 million. However, they did not disclose to the court that a billionaire financier had proposed covering the full amount. This oversight may constitute an ethics violation.
Now Tish James is Going After the Firm Backing Trump's $175M Bond. Read more: https://t.co/p7mssGUUrl New York Attorney General Letitia James is now questioning the financial status and regulatory co...
Letitia James response to Donald Trump bond rejection "vindictive"—Attorney https://t.co/YuOv0Xx1JZ https://t.co/iGqTavHO0V
NY AG's rebuke of Trump bond reduction an attempt to stay relevant: @pambondi https://t.co/JAkfy4JzS4
Trump saved millions by keeping court in dark about billionaire's bond offer: report https://t.co/2W82XcouOz
"A possible Trump bond rejection? NY AG questions if insurance group is good for the money." (via @AyshaBagchi) https://t.co/NCN14pvGzh
Trump’s latest financial drama stars a billionaire subprime king, a skeptical prosecutor and a $175-million bond https://t.co/vBHDnEvQVq
New York Attorney General Letitia James will not stop going after Donald Trump! She is now questioning the company issuing his $175 million bond. Join us TONIGHT at 9pm ET for reaction from @PamBondi and @GreggJarrett!
From @ProPublica: A billionaire lender approached Donald Trump about providing a bond for the full $464 million judgment in his civil fraud case. The lawyers never filed paperwork alerting the appeals court. https://t.co/tXD1zsvOaZ
The Name's Bond, Questionably Secured Bond: Trump's bond in the NY fraud case raises questions. Like... how does a company guarantee more money than its financials claim it has total? We Have Some Suggestions If This Bond Falls Through: Our annual... https://t.co/8nf0YLYbIy
Donald Trump bond rejected due to low fee, insurer suggests https://t.co/d6Cvp4NdsS https://t.co/3qwoudO8Ie
Businessman behind Trump's NY bond says he charged him a 'low fee' https://t.co/7XCgruA5U5
An appeals court reduced Trump’s bond by >60% after his attorneys called it a “practical impossibility” to pay the full $464M. But they failed to disclose to the court that a billionaire financier had proposed putting up the full amount. https://t.co/0Zp4N9k0Bw
Trump’s Lawyers Didn’t Disclose Proposal to Put Up Full $464 Million Bond, failure to disclose a proposal from a billionaire financier may have violated ethics rules — ProPublica https://t.co/iM8eRNWLOA
Trump’s Lawyers Didn’t Disclose Proposal to Put Up Full $464 Million Bond https://t.co/n9P2NLPTb5
New: Trump’s Lawyers Told the Court That No One Would Give Him a Bond. Then He Got a Lifeline, but They Didn’t Tell the Judges. https://t.co/4edGMR1LIr
NEW: Trump’s lawyers told the court that no one would give him a bond. Then he got a lifeline from a billionaire. But his lawyers didn't tell the judges. That may be an ethics violation. @RobertFaturechi, @JustinElliott & @Amierjeski: https://t.co/cZU99so5go
Donald Trump's ongoing challenge to a $465 million civil fraud judgment for a valuation fraud conspiracy raises questions about insurance procedures, how underwriters price risk and who is harmed by the alleged fraud perpetrated by the former president. https://t.co/TRUvkg9gHd
Letitia James' new strategy to examine Donald Trump's finances https://t.co/JGs9q18oXQ https://t.co/LWzUwhks16
* Hearing scheduled to figure out if Trump’s bond is... actually backed by anything. [Reuters] * General counsel accused of creating fake law firm invoices. I'm sure the fraud unraveled because the bills were too low. [Corporate Counsel] * Supreme... https://t.co/yJNYfcJmHN
New York AG questions out-of-state underwriter of $175 million Trump bond https://t.co/FyxzaNfCJy
New York Attorney General Letitia James filed a notice on Thursday seeking more information about former President Donald Trump’s bond for the civil fraud case, which was issued by Knight Specialty Insurance Company. https://t.co/tZqKs1aQrU
Trump Docket: NYAG has "taken exception" to Trump's appeal bond; Knight Specialty Insurance Company is not pre-approved by the NYS Dep't of Financial Services. Inner City Press will cover it before Judge Engoran, even as Judge Merchan picks jury in criminal case https://t.co/RLY3vGfA2r https://t.co/pPKaFKexow
New York Attorney General Letitia James filed a notice on Thursday seeking more information about former President Donald Trump's bond for the civil fraud case, which was issued by Knight Specialty Insurance Company, @NBCNews reported. https://t.co/QxIU8FZk6H
New records show the company that rescued Donald Trump from property seizures in his bank fraud case are potentially over-leveraged—and the AG wants answers. https://t.co/pof6SnRwOf
New York AG James asks that Trump's team or KSIC "file a motion to justify the surety bond," or provide further information about collateral provided by the former president, within 10 days. https://t.co/euoE8Vfgl0
BREAKING: Trump Bond BOUNCED? -- NY AG Raises Alarm! I break it down with @meiselasb… https://t.co/n6EAMNO9kg