"Billionaire Don Hankey Backs Trump's $175M Bond in Fraud Case"

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Source: The Washington Post
"Billionaire Don Hankey Backs Trump's $175M Bond in Fraud Case"
Photo: The Washington Post
TL;DR Summary

California billionaire Don Hankey and his company provided a bond for former President Donald Trump to appeal a New York civil fraud judgment, allowing Trump to avoid posting the cash himself. Hankey, known for providing high-interest auto loans, said his company charged Trump a "modest fee" for the bond. The bond, posted by Trump on Monday, helped him escape a financial crunch and gain stays in two civil cases without forfeiting assets. Hankey's involvement in Trump's legal matters could come under scrutiny if Trump is elected, and he has also provided crucial loans to Trump's businesses through a bank he is associated with.

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