Trump Must Prove Legitimacy of $175 Million Bond Today

Wall Street Journal: “The former president has until Monday to show the financial bona fides of the $175 million bond he obtained to cover the judgment while he appeals. The New York attorney general’s office, which won the judgment after suing him for a yearslong scheme to inflate his wealth for financial gain, called the bond into question earlier this month.”

“Knight Specialty Insurance, the little-known insurer that issued Trump the bond, isn’t on a list of federally approved sureties. The attorney general’s office has demanded Trump’s lawyers or Knight prove the suretor’s qualifications, including detailing how it is financially solvent and specifying what Trump assets are backing the bond.”