Letitia James contended the bond company may not have enough resources to pay.

Lawyers for the New York Attorney General asked Judge Arthur Engoron on Friday to reject former President Donald Trump’s $175 million bond for his civil judgment and require him to post a new one within seven days.

Letitia James contended that the former president failed to demonstrate that Knight Specialty Insurance Company, the company behind his bond, had the resources to pay the bond if Trump’s appeal failed.

In February, Engoron determined that Trump and his co-defendants engaged in a decade-long scheme to inflate the former president’s net worth to get better business deals and interest rates on loans.

  • jkrtn@lemmy.ml
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    7 months ago

    Seven more days, are you fucking kidding me? Doesn’t meet the deadline, 10 more days and a lower requirement. Obviously fraudulent bond, 7 more days.

    If any of us had lost a lawsuit from any state, our accounts would be drained and assets seized after failing the first deadline.

  • Teon@kbin.social
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    7 months ago

    4/22 will be a very bad day for the trumpster. They will reject that bond and he is screwed. Plus the criminal trial starts fully that he must attend.

    • SupraMario@lemmy.world
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      7 months ago

      You have more faith in our system than I do then, cause so far dude has been just allowed to make a complete mockery of our system.

    • Yawweee877h444@lemmy.world
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      7 months ago

      How many times will they just keep letting him slide? I’ll actually be way more surprised if he suffers any real repercussions.

    • mikezane@lemmy.world
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      7 months ago

      It’s a civil trial. This trial is the state of New York suing Trump. The only way he could end up in prison for this is if the United States brought back debtor prisons.

      If they do not allow the bond, the attorney general could start taking Trump’s property away.

  • FenrirIII@lemmy.world
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    7 months ago

    Don Hankey, the chairman of Knight Insurance Group, declined to comment on the matter.

    Also known as pleading the 5th