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Trump Wins Against James on Fight over $175M Bond in Civil Fraud Case

via Sky News

In a civil fraud case brought by New York Attorney General Letitia James, a judge rejected James’ attempt to question the ability of the surety company covering Donald Trump’s $175 million appeal bond.

Trump had posted the bond in April to prevent James from seizing assets while he appeals a lower court ruling fining him and the Trump Organization over $350 million.

The surety company, Knight Specialty Insurance Company, promised to pay the $175 million if Trump loses the appeal and cannot pay.

Judge Arthur Engoron had issued the initial $350 million fine and barred Trump from serving as an officer of New York corporations for three years.

James is seeking to effectively bankrupt Trump through a $464 million fine and lifetime New York real estate industry ban.

Arguments in Trump’s appeal are scheduled for September.

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