Tristan Snell
A
thread 1/2
BREAKING: NY AG slams Trump's shady $175 million bond in new hard-hitting brief arguing that the Knight bond should be rejected

Knight does NOT have the assets to cover the bond -- and uses a Cayman Islands company to provide "shadow insurance" to fake its financial capacity
06:27 PM - Apr 19, 2024
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Tristan Snell
A
thread 2/2
The crux of this argument comes down to MATH

Knight has a policyholder surplus of ONLY $138 million

NY law requires that no single insured loss exceed 10% of the surplus -- so, $13.8 million

Knight is thus insuring a risk of more than TWELVE TIMES what they're legally allowed
06:27 PM - Apr 19, 2024
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Alexander Nevrmind
B
In response to Tristan Snell.
James should start selling off his assets and get to 450 million ASAP, using trmps tax valuation of course.
11:48 AM - Apr 20, 2024
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Debbie Lu
A
In response to Tristan Snell.
Is anyone else not surprised that a man with problems with math found a backer with problems with math?? LJ will definitely make the mist of this discovery.
07:28 AM - Apr 20, 2024
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Ground Control
A
In response to Tristan Snell.
Then the bond is dead. This judge is not known for playing around.
10:03 PM - Apr 19, 2024
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Karen B
A
In response to Tristan Snell.
Of course Knight didn’t have the asset to cover the bond.
09:55 PM - Apr 19, 2024
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