The $175 million bond that Donald Trump placed in the civil fraud case is being questioned by the attorney general’s office in New York, and they have requested additional documentation to support their concerns.
Following a reprieve from a New York appeals court that reduced the amount he had to post from $464 million to $175 million, Trump submitted the bail on Monday night.
The Californian business is not listed with the Department of Financial Services in New York.
Trump has appealed the case’s ruling and denies any misconduct.
Judge Arthur Engoron set a hearing for April 22.
The parent firm of Knight Specialty, Don Hankey, expressed in a brief interview with ABC News that he had “no concerns at all.”
“Seldom do our applications or our bonds get turned down,” said Hankey. “I imagine it is being scrutinized very carefully, and they’re checking to make sure all the I’s are dotted and the T’s are crossed.”
“It’s a large amount for anybody,” Hankey said.
Attorney for Trump Christopher Kise claimed on Thursday that James’s petition amounted to “another witch hunt” and that her office was “hiding out in silence.”
Trump or the business has ten days to file a motion to “justify” the bond, which means Knight has to show that it has the resources to pay the bond.
Knight must demonstrate that it has the financial capacity to pay the bond within the ten days that Trump or the company has to file a motion to “justify” the bond.
Unbelievable!
Stop this madness against Trump.