Eduardo Munoz/Reuters
After weeks of intrigue and oddly vague court filings, documents filed at the last minute on Monday night finally revealed what Donald Trump was forced to give up to score a deal with the Knight Specialty Insurance Company.
The documents reveal that the former president was forced to sign away rights to his account at the investment bank Charles Schwab–in which he claims to have more than $175 million–just to keep the New York Attorney General from snatching his properties in recent weeks after a judge ruled that Trump committed bank fraud.
“The $175 million bond is collateralized by $175,304,075.95 in cash held in a Charles Schwab account pledged to KSIC, and KSIC has the right to exercise control over that account,” the company and Trump’s lawyers said in a joint memorandum.
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