Judge approves Trump’s $175 mil­lion bond despite Leti­tia James chal­lenges

Judge approves Trump’s 5 million bond despite Letitia James challenges

A judge accept­ed Don­ald Trump‘s $175 mil­lion bond in his civ­il fraud case after the for­mer pres­i­dent and Attor­ney Gen­er­al Leti­tia James reached an agree­ment to mod­i­fy the con­di­tions of the bond dur­ing a hear­ing in New York on Mon­day.
Judge Arthur Engoron said that so long as Trump gave Knight Spe­cial­ty Insur­ance, a small Delaware-based insur­er, exclu­sive access to the bank account that is serv­ing as col­lat­er­al for the bond, then the judge would approve it, accord­ing to a Law360 report.
Engoron’s deci­sion comes after James argued in a motion that Trump did not have “suf­fi­cient­ly secure and ascer­tain­able col­lat­er­al back­ing the bond” and that Engoron should there­fore reject it.