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Trump Legal News, Part II: Money (That's What I Want)

There was one other bit of Trump legal news yesterday. There has been much fuzziness around the details of the "bond" that Donald Trump posted so as to forestall AG Letitia James from seizing his assets. Now we know that Trump put up cash, while Knight Insurance put up... well, basically, its name, so that the arrangement would look kosher, but so that Trump could continue to do as he sees fit with his cash.

Yesterday was the hearing in which Judge Arthur Engoron determined whether the arrangement was acceptable. And what he decided was that the brokerage account with the money had to be fully given over to Knight Insurance, for them to control and for Trump to have absolutely no access. Team Trump agreed to this, so it would seem the matter is resolved until such time that his appeal is heard. (Z)

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