"Letitia James's Potential Seizure of Trump's Assets Due to Weak Bond"

1 min read
Source: Yahoo Finance
"Letitia James's Potential Seizure of Trump's Assets Due to Weak Bond"
Photo: Yahoo Finance
TL;DR

Donald Trump posted a $175 million bond for his civil fraud case, but New York Attorney General Letitia James is questioning the surety backing the bond. If Trump or the surety cannot prove they are good for the bond by Monday, the bond will be declared "without effect" and James can begin seizing Trump's assets to cover the judgment. The company backing the bond, Knight Specialty Insurance Company, does not seem to have the financial capacity to guarantee the bond, raising doubts about Trump's ability to avoid asset seizure.

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