Posted on 04/07/2024 12:46:31 PM PDT by bitt
New York Attorney General Letitia James is now questioning the financial status and regulatory compliance of the insurer that posted former President Donald Trump’s $175 million bond stemming from her civil fraud prosecution against him. In a court filing on Thursday, James challenged the “sufficiency of the surety” provided by Knight Specialty Insurance Company (KSIC) after a paperwork error resulted in Trump’s bond being temporarily rejected by a New York court the day before.According to the filing, the New York Attorney General wants KSIC to provide documentation proving their certification to operate in the state. James is asking a state appeals court to order KSIC to produce a “certificate of qualification” within ten days with proof that the company can pay the bond if Trump’s appeals are unsuccessful.
The move by James comes after the initial bond filing on Wednesday was rejected due to missing documents — including a current financial statement from KSIC and the name of his attorney-in-fact. Attorneys for former President Trump resubmitted the corrected paperwork early Thursday.However, the financial statement has drawn additional scrutiny as it only lists the assets for KSIC and not a related company, Knight Insurance Company LTD. New York insurance law limits the amount an insurer can underwrite on a single bond to 10 percent of its total “capital and surplus.” KSIC and Knight Insurance Company LTD together meet the capital requirement, but the filing doesn’t clarify if the latter is also underwriting the bond.
P
She’s not part of the Justice system.
She’s part of the Get Trump business.
Cupid Stunt
Hey, she promised to destroy Trump, his family and all his works. No one should be surprised by what she is doing. I’d like to think that there is someone who can tell her to just stop, but apparently there isn’t.
Oh, there are plenty who can tell her to stop, but they won't because the entire so-called justice system in New York State is deeply Democrat, which means they are communists.
PURE EVIL VILENESS TO THE MAX!! She KNOWS she’s UNTOUCHABLE!!
Can’t someone get her charged for all this crap? She should not even have a law license!
Thank James for Trump’s super fundraiser. More coming!
She needs severe consequences.
The governor is useless.
They are going to run every major business out of NY.
👍
You would think the high paid lawyers for Trump and the bond company would have made sure there were no errors in the paperwork when filing it at the court. As many have mentioned, the prosecutor is looking for any excuse to get Trump. Having succeeded in getting the bond reduced, how could the attorneys not make sure the bond itself when filed wasn’t 100% accurate and in compliance?
If you know there is a rabid dog on your front porch, most people don’t make the mistake of opening the door to let it in. If the paperwork is wrong, it isn’t James’s fault, it isn’t the courts fault. It is the fault of the person filing the paperwork.
Now is the time for corporations to pull out of NYC.
“If the paperwork is wrong, it isn’t James’s fault, it isn’t the courts fault. It is the fault of the person filing the paperwork.”
I doubt there is a single lawyer in the whole country who has filed a $175 million bond, anywhere, let alone in NY where every comma in the document is going to be picked apart.
New ground for everyone.
Section 242 of Title 18 makes it a crime for a person acting under color of any law to willfully deprive a person of a right or privilege protected by the Constitution or laws of the United States.
For the purpose of Section 242, acts under "color of law" include acts not only done by federal, state, or local officials within their lawful authority, but also acts done beyond the bounds of that official's lawful authority, if the acts are done while the official is purporting to or pretending to act in the performance of his/her official duties.
Frank Luntz says that if they keep this up, they will send him back into the WH.
These people who go after Trump.. They do whatever their evil minds can think up.. To stop him.
It isn’t always political.. Sometimes it’s just hate because they are corrupt and can’t stand to see a good man succeed.
If DJT was selected.. Asked to volunteer to save this nation.. And he has been.. Along with attacks I have not seen before on a President serving the country..
The Bible: touch not my annoited. They should give it a thought.. (sure)
It also says to stand with Israel.. Which the administration bidenbarry, is not.
And God says vengeance is His.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.