The New York AG is questioning whether the California company that underwrote Donald Trump's $175 million bond is financially qualified to handle a bond of that size.

Letitia James asked the firm to show it’s capable of paying the bond if needed.

New York Attorney General Letitia James questioned Thursday whether the California company that underwrote former President Donald Trump’s $175 million bond in his New York civil fraud case is financially qualified to handle a bond of that size.

In a court filing, James requested that Knight Specialty Insurance Company submit papers demonstrating it is financially capable of paying the bond should Trump lose his appeal in the case.

The California company is not registered with the New York Department of Financial Services.

  • Sizzler@slrpnk.net
    526·
    8 months ago

    Nah come on now. Insurance is all about numbers not emotions. Chance of Trump skipping bail near 0%, chance of wooden housing in Florida getting trashed in the next few years? 100%

    I get your emotive response but it’s not based upon facts.

    • cybervseas@lemmy.worldEnglish
      39·
      8 months ago

      It’s not about skipping bail. This is for his civil trial, so it’s an appeal bond. The real question is: what’s the chance that Trunp loses his appeal, but still refuses to pay the penalty? I think that’s meaningfully >0%.

      • Sizzler@slrpnk.net
        121·
        8 months ago

        Ok agree, my bad, that does make it worse.

        Also can we talk about this

        Donald Trump did not expressly direct him to reverse engineer financial statements, he ordered him to do so indirectly, in his ‘mob voice.’"