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Less than a week before his deadline, former President Donald Trump posted a bond of $175 million as he appealed the New York civil fraud verdict against him.The bond reportedly came from Knight Specialty Insurance Company, owned by Trump supporter Don Hankey, and was posted after Trump had difficulties with over 30 other surety firms.Trump faced a potential asset seizure if he was unable to pay the $454 million penalty initially set by the judge.
“It’s what we do. I’m happy to do it. We would have done it for anybody else,” Hankey said in a phone interview. “It was an easy transaction. It was put together very quickly.”Former President Trump railed against his New York civil fraud case and those involved, calling it a “fabricated election interference con job” just hours after he posted a $175 million bond in the case.
In a lengthy post Monday night on Truth Social, Trump argued the judgment will harm New York and called for the disbarment of Judge Arthur Engoron and New York Attorney General Letitia James , who brought the suit against the former president, his business and former executives.
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.
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