Prosecutor questions validity of Trump's US$175m civil fraud bond

Prosecutor questions validity of Trump's US$175m civil fraud bond

Malay Mail - World·2024-04-20 10:02

NEW YORK, April 20 ― Donald Trump's US$175 million (RM837 million) bond to cover a possible civil penalty for fraud is inadequate because the company underwriting it is too small and opaque, New York's attorney general said in a filing yesterday.

The 77-year-old real estate magnate, the presumptive Republican nominee for president, is facing unprecedented legal headwinds in New York where he is also on criminal trial for allegedly covering up hush money payments to a porn star on the eve of his 2016 election victory.

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