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New York AG questions whether California company can handle Trump's $175M bond

Michael M. Santiago/Getty Images(NEW YORK) 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 q. ....

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Michael M. Santiago/Getty Images(NEW YORK) 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.The dispute is part of the nearly half-billion-dollar civil fraud judgment imposed on the former president after New York Judge Arthur Engoron in February found Trump and his adult sons liable for using "numerous acts of fraud and misrepresentation" to inflate his net worth in order to get more favorable loan terms.Trump has denied all wrongdoing and has appealed the decision in the case.In a brief interview with AB ....

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New York AG questions whether California company can handle Trump's $175M bond – KTBB News, Weather, Talk

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