NY AG Demands Proof of Trump's $175 Million Bond's Financial Backing

The bond, crucial for preventing asset seizure during appeal, faces scrutiny over its qualifications and underwriter's solvency.

New York Attorney General Letitia James challenges the financial soundness of the $175 million bond posted by Donald Trump in a civil fraud case, demanding more information from the underwriter, Knight Specialty Insurance Company.
Judge Arthur Engoron schedules a hearing for April 22 to address concerns over the bond's qualifications and financial backing.
The bond temporarily prevents the seizure of Trump's assets while he appeals the judgment, which has risen to over $469 million including penalties and interest.
Knight Specialty Insurance Company, not certified in New York, must prove its financial capability to cover the bond within 10 days, or the bond may be invalidated.
The bond's scrutiny arises amid Trump's ongoing appeal of the civil fraud judgment, with interest accruing at a rate of over $111,000 per day.