Letitia James filed a ā€˜notice of exception to the sufficiency of the suretyā€™ seeking more information about Knight Specialty Insurance Company

Donald Trumpā€™sĀ $175m bondĀ in hisĀ New YorkĀ civil fraud case has been thrown into doubt by New York Attorney GeneralĀ Letitia JamesĀ after she filed a notice asking for evidence that the out-of-state firm that underwrote it really has the money to pay up.

Ms Jamesā€™s office submitted a ā€œnotice of exception to the sufficiency of the suretyā€ on Thursday asking for further proof that California-basedĀ Knight Specialty Insurance CompanyĀ (KSIC) has the capital to proceed on theĀ former presidentā€™s behalf.

KSIC is not regulated by New York state, which means that it is not authorised to issue surety bonds in the Empire State and therefore cannot obtain a certificate from the New York Department of Financial Services, which is customarily part of any bond package.

  • ganksy@lemmy.world
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    8 months ago

    What do Democrats have to do with the documents lawsuit? The special prosecutor is on it.

    Are you suggesting that maybe we let the free-market figure his bond out without oversight?

    This was a weird comment.