N.Y. AG seeks more information about Trump bond and collateral
WASHINGTON — New York Attorney General Letitia James filed a notice on Thursday seeking more information about former President Donald Trump's bond for the civil fraud case, which was issued by Knight Specialty Insurance Company.
WASHINGTON — New York Attorney General Letitia James filed a notice on Thursday seeking more information about former President Donald Trump's bond for the civil fraud case, which was issued by Knight Specialty Insurance Company.
KSIC is not admitted in New York, and James "takes exception to the sufficiency of the surety to the undertaking" given to Trump without a certificate of qualification being issued to the company, James said in the filing.
James asks that Trump's team or KSIC "file a motion to justify the surety bond," or provide further information about collateral provided by the former president, within 10 days.
Don Hankey, the chairman of KSIC, said the $175 million bond posted Monday was fully collateralized by cash from Trump’s company.
Neither KSIC nor Trump's lawyers immediately responded to NBC News' request for comment on Thursday night. The New York attorney general's office did not immediately respond to a request for further comment either.
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