“But the Trumpian part is that even though, or perhaps because, it may be part of a Trump scam, Knight now too may be on the hook for $175 million as it won’t automatically get out from underneath its own proffered surety.”
Hankey, a billionaire, has already said that his company will be able to post the money for Trump.
He was reacting to a comment on X by lawyer Dave Kingman, who wrote that Knight will not be able to post the $175 million.
“Understand that Knight Specialty has a problem. This bond cannot be approved. Under the CPLR [Civil Practice Laws and Rules] the surety will remain obligated under the bond until a replacement bond is filed. Trump is unlikely to get a replacement bond. Knight Spec will be liable AND Trump won’t have a stay [on enforcement],” he wrote.
Weirdly, it wasn’t a criminal case, purely civil. The criminal side of the case was against the Trump organization and he had a fall guy for that:
https://www.cnn.com/2023/01/10/politics/allen-weisselberg-sentencing-trump-organization/index.html
He served 3 months.
https://apnews.com/article/trump-weisselberg-jail-tax-evasion-6b4e0bbad6d9c92d792cbbcb785882af
But they just hit him again:
https://apnews.com/article/trump-fraud-weisselberg-perjury-0101a9972cefd1e1fb4ba6d36e69fecb
I understand the idea was that they can score easily on the civil suit and a criminal complaint is still possible.