Donald Trump is heading for a “world of hurt” unless he can come up with a $175 million bond by next Monday, a financial consultant has said.
Jon Gabrielsen, an Atlanta-based market economist, told Newsweek that New York Attorney General Letitia James could easily claim cash in Trump’s accounts if the former president fails to post the bond. A court has rejected the paperwork for Trump’s $175 million bond because it could not verify the financial backing of the posting insurance company posting. The court has given Trump and the insurance company, Knight Speciality Insurance, until Monday to show financial backing for the bond. If not, James can begin enforcement proceedings against Trump’s property.