The private insurance company making the fee , by actually guaranteeing the bond , says it has collerall of the ex-President’s Charles Schwab brokerage account of just $175 million in cash….
Knight Specialty Insurance Company, whose owner is billionaire Trump supporter Don Hankey,
says it’s also licenesed to do business in New York State , contrarry to media reports….
The due date for this was today before the judge , to secure a appeal of the judgement and to stop the New York Attorney General Tish James from placing leins on Trump property and making seizure’s to satisfy the judgement….
Some people think the Knight filing has holes in it….
The filings, said Alan Garten, general counsel for the Trump Organization, demonstrate that “Knight is fully authorized to enter into this transaction and the bond is backed 100 percent by cash.”
Some experts, though, said the filing may not have fully answered all of James’s concerns about the bond. Adam Pollock, a former New York assistant attorney general familiar with bond matters, said that while the filing moves the matter “in the right direction,” it is still “overly complicated” and is likely to prompt Engoron to examine it thoroughly.
“It continues to raise serious questions about whether this bond actually secures the attorney general’s judgment,” Pollock said. “Justice Engoron is clearly going to hold a detailed hearing to examine the issue.”
Pollock cited, for example, a document in the filing that referred to an agreement with a separate company that backed a $91 million bond in a defamation case.
An individual close to the matter, who spoke on the condition of anonymity because of confidentiality concerns, acknowledged that portion of the filing was mistaken, referring to it as a “typo.” The individual said the document came from a template that had been used for the bond in the defamation case and the new filing should have been changed to refer to Knight Specialty Insurance Company….
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Under state law, Trump was required to post a bond in the full amount of the judgment to stop James from beginning to collect. His attorneys successfully argued for a reduced bond, telling an appeals court that Trump could not secure one worth nearly half a billion dollars. Hankey later told media outlets, including The Post, that he had been in discussions with Trump’s representatives about posting the larger bond….