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Firm that underwrote Trump’s $175M bond known for high-interest loans to car buyers with bad credit history

Posted on AllSides April 2nd, 2024
From The Right
AFP via Getty Images

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...

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