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 Eduardo Munoz/ReutersAfter weeks of intrigue and oddly vague court filings, documents filed at the last minute on Monday night finally revealed what Donald Trump was forced to give up to score a deal with the Knight Specialty Insurance Company.
The documents reveal that the former president was forced to sign away rights to his account at the investment bank Charles Schwab-in which he claims to have more than $175 million-just to keep the New York Attorney General from snatching his properties in recent weeks after a judge ruled that Trump committed bank fraud.
"The $175 million bond is collateralized by $175,304,075.95 in cash held in a Charles Schwab account pledged to KSIC, and KSIC has the right to exercise control over that account," the company and Trump's lawyers said in a joint memorandum.
Read more at The Daily Beast.
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