When former President Donald Trump couldn't find anyone to issue him a $464 million bond to appeal his civil fraud conviction, a New York appeals court granted him a lifeline, telling the Republican candidate to come back with a bond of just $175 million. A few days later, he did just.
Ever since, however, questions have been raised about the company that issued the bond — led by a billionaire Trump supporter who specializes in subprime auto loans — and whether New York Attorney General Letitia James will even be able to collect what's owed should Trump's conviction be upheld. For one, the company's balance sheet suggests it might not have enough surplus cash to make good on its promise.
