Documents as part of Trump's $175 million bond in his civil fraud case were rejected by the court for not including a current financial statement.
New York Attorney General Letitia James has 'reasonable questions' about Donald Trump's $175 million bond in his civil fraud case, according to legal analyst Lisa Rubin on Sunday.In February, Judge Arthur Engoron ruled in favor of James' lawsuit against Trump, his sons, Eric Trump and Donald Trump Jr.
is owned by the privately held Hankey Group. Don Hankey, chair of the company, heads both organizations.However, documents as part of the $175 million bond were rejected by the court for not including a current financial statement. James later raised questions about the 'sufficiency' of the bond.
has refiled its paperwork as a result in an effort to get the process moving again.On Sunday's MSNBC's The Weekend, Rubin, a legal analyst for the network, discussed Trump's bond as she noted that Hankey had been given conflicting answers about collateral his company accepted when putting up the bond for Trump.
in a court filing last week, asking that Trump or the bond underwriter 'justify' the bond, which could mean disclosing additional information about collateral the former president put forward in exchange for backing the amount.However, Hankey said he was shocked that James had questioned the bond, telling Reuters that he was 'surprised they're coming down harder on our bond or looking for reasons to cause issues with our instrument.'Amid the questions of collateral, however, according to Forbes who also spoke to Hankey, Trump's collateral to secure the loans was a combination of cash and investment-grade bonds.'This is what we do at Knight insurance.
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