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Trump accepts new restrictions on $175 million bond in New York civil fraud case
Credit: IndiaTimes- Published on April 22, 2024
Former President Donald Trump agreed to tighter restrictions on a $175 million bond in his NY civil fraud case, aiming to address concerns about fund security. The agreement involved exclusive control of collateral and monthly statements provision.
Video credit: FanReviews
Published on April 21, 2024 - 00:48
NY Attorney General Urges Judge to Deny $175 Million Bond in Donald Trump's Civil Fraud Case
The New York attorney general's office is urging a judge to reject the 175 million dollar bond that former President Donald Trump posted in his civil business fraud case. The AG argues that Trump and the other defendants have not proven that they can back the bond if their appeal is unsuccessful. Additionally, the insurance company, Knight Specialty Insurance , used by Trump to obtain the bond, is not authorized to write bonds in New York. The attorney general's request, disclosed in a court filing on Friday, sets the stage for a court hearing on the bond dispute scheduled for Monday. If Trump's payment is not accepted, the attorney general's office has the authority to take swift action against his bank accounts and real estate holdings. We will keep you updated on this fast moving story, on Fan Reviews News.
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