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The New York Attorney General’s office has asked the judge in Donald Trump’s civil fraud case to reject the $175 million bond he obtained to stave off even steeper fines.
In a 26-page filing signed by Attorney General Letitia James, lawyers for the state argued that Trump, the Trump Organization, and its top executives had failed to prove that the management of the bond met the “requirements of trustworthiness and competence,” and argued that Judge Arthur Engoron should find the bond to be “without effect.”
The AG’s office argued that California-based Knight Specialty Insurance Company was a “small insurer that is not authorized to write business in New York” and had “never before written a surety bond in New York,” before they penned the massive loan to Trump.
Read more at The Daily Beast.
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