Former President Donald Trump got some good news Monday when the $175 million bond in his civil fraud case was accepted by New York Judge Arthur Engoron, Axios reported.
Engoron’s approval means New York Attorney General Letitia James won’t be able to seize Trump’s assets or freeze his bank accounts — a possibility if the Republican presidential candidate had been required to post a previous bond set at nearly half a billion dollars.
James had questioned the financial viability of the issuer of the bond, Knight Specialty Insurance Co.
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Among other things, she pointed to Knight’s lack of registry with the New York State Department of Financial Services.
Trump argued he had to go to California to retain the firm because he is prohibited from
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