#trump #bond #knightspecialtyinsurance #donhankey #judgearthurengoron #letitiajames #newyorkcivilfraud
Don the con ;
“The insurance company that helped former President Donald Trump pay a $175 million bond is coming under more scrutiny as financial experts get a better look at the contract it wrote.
The Daily Beast reports that the Knight Specialty Insurance Company's bond contract "doesn’t actually promise it will pay the money if the former president loses his $464 million bank fraud case on appeal" but instead "says Trump will pay, negating the whole point of an insurance company guarantee."
Experts who spoke with the publication about the contract did not hold back on how shady this arrangement seems.
This is not common," said N. Alex Hanley, the CEO of Jurisco Surety Bonds. "The only reason this would be done is to limit the liability to the surety."
