Letitia James dealt BIG defeat over Trump’s $175 million bond

by Summer Lane

Photo: Alamy

President Donald Trump has long been the target of New York State Attorney General Letitia James, but on Monday, the court ruled against her attempt to invalidate his $175 million bond.

In late March, Trump won a victory when an appeals court ruled in Trump’s favor on the issue of a nearly half-billion-dollar bond in the civil fraud suit foisted upon him by Judge Engoron, thereby lowering the bond to $175 million. This courtroom victory for the president blocked AG James from moving to seize his real estate assets in New York.

On Monday, a New York judge decided that the bond would remain as is, despite AG James’ argument that Trump’s $175 million bond should be invalidated due to alleged doubts about whether Knight Specialty Insurance could pay up if the situation arose, per Fox News.

Last month, Trump hinted that he would possibly put up cash for the bond, telling the press, “I have a lot of cash. You know I do because you looked at my statements, I mean, you’ve been examining my statements for a long time. But I have much more than that in cash.”

He also stated that despite the cash he has on hand for the bond, “I would also like to use some of my cash to get elected.”

“Ms. James wants to argue that somehow our cash isn’t green enough,” Trump attorney and spokeswoman Alina Habba told the press this week.

She continued, “…We came to an agreement that everything would be the same, we would modify terms, and that was it. This is where your taxpayer dollars are going, America. Witch hunt after witch hunt.”

Trump also told the press, “I put up $175 million in cash but she says the bonding company isn’t good. She doesn’t like the bonding company because she doesn’t know if their collateral is good and I put up $175 million in cash and she’s questioning the bonding company! Well, when you put up cash…the bonding company would be good for it because I put up the money!”

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