Letitia James contended the former president failed to demonstrate that the company behind his bond had the resources to pay it if his appeal failed.

Letitia James contended the bond company may not have enough resources to pay.

Lawyers for the New York Attorney General asked Judge Arthur Engoron on Friday to reject former President Donald Trump’s $175 million bond for his civil judgment and require him to post a new one within seven days.

Letitia James contended that the former president failed to demonstrate that Knight Specialty Insurance Company, the company behind his bond, had the resources to pay the bond if Trump’s appeal failed.

…

In February, Engoron determined that Trump and his co-defendants engaged in a decade-long scheme to inflate the former president’s net worth to get better business deals and interest rates on loans.

  • FenrirIII@lemmy.world
    221·
    7 months ago

    Don Hankey, the chairman of Knight Insurance Group, declined to comment on the matter.

    Also known as pleading the 5th

      • Madison420@lemmy.world
        15·
        7 months ago

        Very true, what’s Trump’s position on taking the fifth? Iirc its both “guilty people plead the fifth” and “on advice of counsel I plead the fifth”.

      • SkyezOpen@lemmy.world
        3·
        7 months ago

        Well, not relevant because that guy isn’t on trial, but in civil trials you CAN make an adverse inference from someone pleading the 5th.

      • jkrtn@lemmy.ml
        3·
        7 months ago

        Actually, let’s go ahead and conflate it, since we aren’t representatives of the government and this guy is obviously shady.