Montgomery, Alabama
FILE – Former President Donald Trump speaks at a campaign rally, Saturday, Dec. 16, 2023, in Durham, N.H. The Colorado Supreme Court on Tuesday, Dec. 19, declared Trump ineligible for the White House under the U.S. Constitution’s insurrection clause and removed him from the state’s presidential primary ballot, setting up a likely showdown in the nation’s highest court to decide whether the front-runner for the GOP nomination can remain in the race.
If Trump wins, he won’t have to pay the state anything and will get back the money he has put up now. The company that underwrote the bond is Knight Specialty Insurance, which is part of the Knight Insurance Group. The chairman of that company, billionaire Don Hankey, told The Associated Press that both cash and bonds were used as collateral for Trump’s appellate bond.
Trump denies any wrongdoing, saying the statements actually lowballed his fortune, came with disclaimers and weren’t taken at face value by the institutions that lent to or insured him.
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