The New York Attorney General’s office asked a judge to void a $175 million bond posted by former President Donald Trump claiming the fraud bond isn't properly backed.
New York Attorney General Letitia James is pushing the judge in former President Donald Trump's civil fraud case to void the $175 million bond that Trump previously posted to appeal his New York civil lawsuit. In her 26-page filing obtained by Fox News Digital, James questions whether the insurance company has sufficient funds to back it up.
In September, Judge Arthur Engoron ruled that Trump and the Trump Organization had committed fraud while building a real estate empire by deceiving banks, insurers and others by overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing. The judge also prohibited Donald Trump Jr. and Eric Trump from serving as an officer or director of any New York corporation or legal entity in New York for two years.
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