Newsweak has this all wrong. The Bond will be and has been re-submitted per an Appeals Court Order. This article is horse crap.
The court order is for the bonding agent to demonstrate full and legal possession of the bond amount in an escrow account within 10 days to prove it’s a real bond.
It is Newsweek after all. What should we expect,?
From earlier this afternoon:
https://www.businessinsider.com/trump-175-million-appeal-bond-to-be-reviewed-ny-ag-2024-4
FTA-——The financial statement the court says is missing does not seem to be Trump’s. Rather, the court appears to be demanding these documents from Knight Specialty Insurance Co. to ensure that the company is sufficiently capitalized and authorized to post the bond.
Under a 3/21/24 order, the Trump Org must give retired federal judge Barbara Jones, the court-appointed monitor in the case, advance notice of their efforts to secure surety bonds.
Details of Trump’s bond may be included in Jones’ future reports to Judge Engoron on the financial status of the Trump Organization. Newsweek sought email comment from Knight Specialty Insurance on Thursday. The court would likely reject Trump’s bond if the paperwork is not corrected. That would mean Trump would lose his right to appeal Engoron’s fraud judgment and the $454 million would be due.
Attorney Tristan Snell, author of “Taking Down Trump” about his experience suing Trump on behalf of students of the failed Trump University, noted that the insurance paperwork has been “returned for correction” “[The] court demands that the bond underwriter, Knight Insurance, provide more info about their own solvency and authorization to cover the bond.” Snell wrote on X on Wednesday.
Thank you.