On Tuesday, former President Donald Trump obtained a bond to cover the $175 million bond in his New York fraud case. The Knight Specialty Insurance Company will hold the bond. The company is owned by California’s “King of Subprime Auto Loans” Don Hankey. While Hankey is a Trump supporter and donor, he said Tuesday in an interview with the Daily Mail that he has not met Trump personally.
Hankey had been approached earlier regarding the original $460 million bond but was only able to make the deal after the amount was reduced by the appeals court.
‘It was much easier, because he put up all cash,’ he said. Hankey departed from an earlier report that said Trump provided collateral in cash and investment grade bonds.
‘He first gave us a list of bonds and we approved the bonds as collateral along with some cash. When the collateral was finally posted it appears to be all cash. We have a…
