New York AG says $175 million Trump fraud bond isn’t properly backed, should be voided
The New York Attorney General’s (AG) recent revelation that the $175 million fraud bond obtained by former President Donald Trump isn’t properly backed and should be voided is just another example of the shady dealings of this individual. The surety company used by Trump, Knight Specialty Insurance Company, is not authorized to operate in New York and has a policyholder surplus of only $138 million, significantly less than the required amount for the bond. This blatant lack of proper backing for the bond should be reason enough to invalidate it.
This whole situation reeks of deception and manipulation, with Trump once again trying to skirt the rules and buy himself more time.… Continue reading
John Q. Hosedrinker