To absolutely no one’s surprise, Trump’s USD 175 million bond payment is a fraud too.

In New York, a company which offers a bond, cannot offer a bond worth more than 10 percent of the company’s own value, and Knight Specialty Insurance does not live up to that requirement — in fact, if the company ends up having to pay the bond, the bond is worth more than the company, meaning they would not be able to pay.

Trump now has 10 days to come up with a new solution.

https://www.thedailybeast.com/new-york-ag-questions-if-dollar175-million-bond-insurer-can-save-trump