New York Attorney General Challenges Validity of Trump's $175 Million Bond

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New York Attorney General Challenges Validity of Trump's $175 Million Bond

## New York Attorney General Seeks to Invalidate Trump's $175 Million Bond

The New York Attorney General's office has taken action to invalidate the $175 million bond secured by former President Donald Trump to delay payment of a larger monetary damage award in his civil fraud case.

The office argues that Trump and his co-defendants failed to prove the surety used to obtain the bond, California-based Knight Specialty Insurance Company, has the financial resources to back it.

State lawyers contend that Knight is a "small insurer that is not authorized to write business in New York" and had "never before written a surety bond in New York" until Trump. Additionally, the company's total policyholder surplus is only $138 million, and under New York state law, companies like Knight can't expose themselves to liabilities greater than 10% of their surplus.

This development comes amid a series of dramatic events surrounding Trump's legal proceedings. On Friday, a protester set themselves on fire outside the courtroom where Trump's hush money trial was being held, briefly interrupting the jury selection process.

Trump is currently facing legal challenges on both federal and state levels, across different places like New York City, Washington, Atlanta, Florida, and Georgia. Despite the allegations, he continues to assert his innocence, describing the cases as a "witch hunt."

## Civil Fraud Case Against Trump and His Organization

The civil fraud case against Trump and his organization was initiated by the New York Attorney General. The case alleges that Trump and his organization manipulated the value of assets to obtain loans and tax benefits.

The judge is expected to address the issues raised by the attorney general's office in a hearing on Monday, which will run parallel to the opening statements in Trump's New York criminal trial.

## Trump's Legal Challenges and Public Support

Donald Trump is currently dealing with legal challenges on both federal and state levels, across different places like New York City, Washington, Atlanta, Florida, and Georgia. Despite the allegations, he continues to assert his innocence, describing the cases as a "witch hunt."

According to Real Clear Politics, at the national level, Trump held 44.6% support among voters, while Biden trailed with 44.2% support.