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.
Category
🗞
NewsTranscript
00:00 The New York Attorney General's office is urging a judge to reject the $175 million bond
00:06 that former President Donald Trump posted in his civil business fraud case.
00:10 The AG argues that Trump and the other defendants have not proven that they can back the bond if their appeal is unsuccessful.
00:17 Additionally, the insurance company, Knight Specialty Insurance, used by Trump to obtain the bond,
00:23 is not authorized to write bonds in New York.
00:26 The Attorney General's request, disclosed in a court filing on Friday,
00:30 sets the stage for a court hearing on the bond dispute scheduled for Monday.
00:34 If Trump's payment is not accepted, the Attorney General's office has the authority to take swift action
00:40 against his bank accounts and real estate holdings.
00:43 We will keep you updated on this fast-moving story on Fan Reviews News.