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Justice Matters with Glenn Kirschner

New York Attorney General Tish James Challenges Trump's $175 Million Bond

Justice Matters with Glenn Kirschner

Crossover Media Group

Legal, Progressive, Judicial, Politics, Political, Government, Law, News, News Commentary, Justice, Democrats, Justice Department, Liberal

4.82.6K Ratings

🗓️ 9 April 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

So it looks like the person that put up the $175 million bond to stop New York Attorney General Leticia James from seizing Trump's properties - a guy named Don Hankey - is not actually credentialed to do business in New York. Accordingly, Attorney General James filed a "notice of exception" to the bond, and Judge Arthur Engoron has now set a hearing for April 22nd. Glenn wonders if seizing Trump's properties might once again be back in play?

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Transcript

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0:00.0

It's time for Justice Matters with former federal prosecutor and MS NBC analyst Glenn Kirchner. After weeks of searching, Donald Trump finally found a company called Knight Specialty Insurance

0:21.7

to guarantee his New York Civil Fraud Bond of $175 million.

0:27.2

But is that bond valid?

0:29.1

Here's Glenn to explain.

0:31.7

So friends, earlier this week, did you see how Donald Trump was congratulating himself

0:38.0

boasting and crowing about how he'd been able to come up with a bond for $175 million to stop New York Attorney General

0:48.3

Letitia James from seizing his properties.

0:51.2

Well, based on some new developments surrounding that bond, might

0:57.5

Donald have to eat a little bit of that crow.

1:05.0

Let's start with the new reporting. This from CNN.

1:07.0

Headline, New York Attorney General questions out of

1:11.0

of state underwriter of $175 million Trump Bond.

1:17.0

And that article begins,

1:19.0

The New York Attorney General's Office is raising questions about the $175 million bond Donald

1:26.4

Trump posted in the civil fraud case and has asked for more information to prove its financially sound.

1:35.0

Trump filed the bond Monday night after gaining a reprieve

1:39.2

from a New York appeals court that lowered the amount

1:42.4

Trump needed to post from

1:44.3

four hundred and sixty four million dollars to one hundred and seventy five million

1:49.2

dollars. The lifeline gave Trump more time to obtain a bond after telling the court that 30 underwriters refused to back a bond for nearly half a billion dollars.

2:02.0

And friends, can I pause there for just a second because what the appeals court in

2:06.4

New York did was deliver a gut punch to the notion of the equal application of

...

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