More trouble with Donald Trump’s bond
There are mounting questions about the $175 million bond that Donald Trump posted in his New York civl fraud case. Letitia James is asserting that the company which posted the bond isn’t allowed to do so in New York. Others have questioned whether the bond company even has $175 million to back the bond. But now there’s new trouble regarding the bond.
Trump argued to the appeals court that the original roughly half billion dollar bond should be reduced because no bond company was willing to cover such a large amount. This argument worked, and the appeals court lowered it to $175 million. But now there are reports that the company which posted the $175 million bond was in talks with Trump to post the larger bond amount at the time the appeals court reduced the amount.
If so, this would mean that Trump lied to the appeals court when he claimed that no bond company was willing to cover the original amount. The appeals court could see this as a basis for changing its mind and forcing Trump to post the original bond amount. This is in addition to ongoing questions about whether the bond that he did post is legitimate. This saga is seemingly just getting started.
