"Letitia James Challenges Trump's Bond Deal in Property Claim"

1 min read
Source: Newsweek
"Letitia James Challenges Trump's Bond Deal in Property Claim"
Photo: Newsweek
TL;DR

New York Attorney General Letitia James may soon begin enforcement proceedings on Donald Trump's properties as an insurance company, Knight Specialty Insurance, faces challenges in posting a $175 million bond for Trump while he appeals a fraud judgment. The company's paperwork has been rejected by a New York court, and questions have been raised about its financial backing. Trump's legal team and the insurance company are facing obstacles in preventing the enforcement proceedings, as the former president was fined $454 million in February for fraudulently inflating the value of his assets.

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