Firm that underwrote Trump’s $175M bond known for high-interest loans to car buyers with bad credit history
Donald Trump,Letitia James,Fraud,Trump Indictments
The company that underwrote Donald Trump’s $175 million appeal bond in New York state’s civil fraud suit is known for offering subprime auto loans — and owned by a billionaire supporter of the presumptive Republican presidential nominee.
Don Hankey — the California-based businessman who made his $1.6 billion fortune from lending money to auto buyers with flawed credit history, per Forbes — came to Trump’s rescue on Monday three days before a court-imposed deadline.
The multimillion-dollar bond puts a $454 million judgement on hold while Trump appeals a ruling from Judge Arthur Engoron saying he lied for years about his wealth to prop up his real estate empire — and barred the former president, his two eldest sons Eric and Donald Trump Jr. and other top Trump Organization execs from heading any company in the Big Apple for two and three years, variously.
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