Don Hankey Must have gambling in his blood…..
Former President Donald Trump and his co-defendants in his New York civil fraud case on Monday posted a bond of $175 million, following a judge’s ruling that they had for years misrepresented the value of his properties. The bond is underwritten by an insurance company run by a billionaire, who got his start making high-risk, high-interest loans to car buyers with poor credit.
Don Hankey, the executive whose company provided the bond, is a little-known mogul who built his $7.4 billion fortune through car dealerships and providing subprime auto loans, according to Forbes magazine. That makes him richer than Trump, whom Forbes estimates is worth $6.4 billion, including his multibillion stake in the newly public Trump Media & Technology Group.
Hankey, who told The Associated Press he has never met nor spoken with Trump, said his Knight Speciality Insurance company provided both cash and bonds as collateral for Trump’s appellate bond. That bond is now essentially a placeholder that will guarantee payment if the judgment against Trump is upheld on appeal.
“This is what we do at Knight Insurance, and we’re happy to do this for anyone who needs a bond,” Hankey told the wire service. …
Note….
Folks?
This guy Hankey IS gonna make MONEY off of this …
He ain’t doing thius for free I’d bet….
The real question is why would this guy put up $175 million dollars for someone that you’ve assured us “ ain’t rich?”
While I don’t know the particularities of this transaction,standard bonds usually require a 10-15% cash or surety post which means Trump had to pay a premium in cash or property of around 17 million dollars.
Quite a feat for a guy who uh “ ain’t rich.”
So?
Trump WILL have to pay a penitaly of $17M on top of the $450M if he LOSES this you calculate?
Hot Damn!….
The money is just adding up on top of the interest!…
I heard he had liquid cash of about $500M……
(E. Jean Carrol $93M plus like u say loaner ‘fee’s there also…)
That’s ALL…..
The federal judge sitting on his bank accounts IS the gate keeper…
Yup Jack….
$600M – $450M ❓
I think the big guy is sitting about 20 feet from being BROKE…..
Sorry…. To answer ur question….
The guys gonna make $17M.…..
IF he gets paid…….
So a man who by your own admission has “ liquid cash “ of $ 500 million “ain’t rich.”
Got it.
Silly, goofy and ridiculous.
You’re barely rational.
Jack my man?
I just presented the equation…..
He’s IN THE HOLE FOR $450M+ to NYS
He’s ALSO IN THE HOLE for another $93M
In both cases there is interest accumulating
To get the appeal bonds?
He’s in for about $20M more?
His bank accounts are under the scrutiny of a retired judge .
He’s said he has $450M in cash?
The Big Guy is in hock up to his eyeballs….
RICH?
Yea selling sneakers and bibles?
Sueing the guys that helped you make ur IPO?
Come ON Jack!?
Trump has declared bankruptcy at least FOUR TIMES……
One of his lead lawyer demanded to be paid IN ADVANCE to have him as a client…..
RICH?
A serial liar?
Hmmmmmm?
Has the guy ponied up any of HIS money in all of this legal shit?
I don’t deal well with irrationality.
And you are a fundamentally irrational person…
Scott handles you best by essentially ignoring you and simply posting his own thoughts without reference to your inane ,incomprehensible irrationality.
Henceforth I will remember his example.
Irrational?
Come ON Jack……..
U insisted that Donald Trump IS Rich?…..
I question that assumption
I lay out open source info on his financial situation and status…..
His wealth is mostly in Real Estate, something his dad bought him into…..
As has been mentioned time and again?
He fibbed on the value of that property which is why the NY AG has his sorry ass in trouble to the tune of 1/2 Billion Dollars…..
Please offer me some sort of reasonable proof that Donald Trump is actually as rich as he says he is…..
Again?
He’s soooooo Rich?
He’s selling sneakers and bibles?
And may i add he’s going trial for criminal felonies…….
Best part?
He’s made SURE he pissed off the judge!
Like he usually does!
Ya can’t make this shit up!