The $175 million surety bond was missing vital information typically included in those filings, experts say.

But the surety bond was missing vital information typically included in those filings, experts say. These standard elements include documents related to power of attorney for the bond provider, Knight Specialty Insurance Company, a financial statement from the company and a certificate of solvency from the Department of Financial Services.

On Wednesday, the New York Supreme Court clerk’s office returned to Trump’s attorneys the bond filing “for correction.” There was no reason publicly specified in the request for correction.

Adam Pollock, a former assistant attorney general in New York, said, “This bond is deficient for a number of reasons.”

“Including that the company doesn’t appear to be licensed in New York and doesn’t appear to have enough capital to make this undertaking,” Pollock said."

    • pelespirit@sh.itjust.worksOPMEnglish
      2·
      8 months ago

      Tbf, that whole thing was to make it sound like he wasn’t broke and he can’t access that money, if there is any money, for awhile. Also, it has to be cash because they don’t trust him (rightfully so).