Trump $175 Million Bond Arranged by Billionaire Supporter's Firm – Bloomberg
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
A billionaire Donald Trump supporter whose California company is known for subprime auto loans and who has ties to one the former president’s banks offered to arrange his $175 million appeal bond in New York state’s civil fraud suit, though he said politics had nothing to do with it.
Don Hankey, whose fortune stems from car dealerships, real estate and financial services, is chairman of Knight Specialty Insurance Co., which posted Trump’s bond on Monday, three days before a court-imposed deadline. It gives Trump a lifeline by putting a $454 million judgment on hold while he appeals.