The New York attorney general’s office is asking a judge to void a $175 million bond posted earlier this month by former President Donald Trump in an attempt to get a bigger payout in his civil business fraud case.
New York Attorney General Letitia James argued that Trump and other defendants couldn’t prove that they could back the bond if their appeal in the case fails, and that Knight Specialty Insurance Company, which Trump used to obtain the bond, isn’t authorized to write bonds in New York.
The request, revealed in a court filing Friday, comes ahead of a court hearing on the bond dispute Monday.
Trump’s lawyers have argued Knight Specialty Insurance Company is a viable company to write the bond.
If Trump’s payment is not accepted, the state attorney general’s office could swiftly move in on Trump’s bank accounts and real estate if he is not able to put up $175 million in the fraud case.
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