Letitia James filed a ‘notice of exception to the sufficiency of the surety’ seeking more information about Knight Specialty Insurance Company
Donald Trump’s $175m bond in his New York civil fraud case has been thrown into doubt by New York Attorney General Letitia James after she filed a notice asking for evidence that the out-of-state firm that underwrote it really has the money to pay up.
Ms James’s office submitted a “notice of exception to the sufficiency of the surety” on Thursday asking for further proof that California-based Knight Specialty Insurance Company (KSIC) has the capital to proceed on the former president’s behalf.
KSIC is not regulated by New York state, which means that it is not authorised to issue surety bonds in the Empire State and therefore cannot obtain a certificate from the New York Department of Financial Services, which is customarily part of any bond package.
Quick googling it would take about 13 trucks
49152 pennies in a sqft and a dump truck is around 270 sqft
Can your dump truck handle 33k kilos the class 8 I was looking at, says 11k max
Even then, rounding to 50k in pennies is only 500 dollars per square foot. At 270 sqft, that’s only 135k dollars per truck.
At 175 million, it’d take 1.3k trips.
Awesome. Thanks! That’s…actually less trucks than I pictured in my head. I was thinking more like 20-30.
So he either stiffs 13 truck drivers or one driver 13 times. lol
Did you account for the inefficiency caused by the gaps between the pennies? It’s not insignificant, the difference is between pennies and molten metal.