Unveiling the Story of the 'Subprime Auto King' Behind Trump's $175 Million Bond

Wednesday, 3 April 2024, 21:22

California billionaire Don Hankey, known as the 'subprime auto king,' steps in to support former President Trump by underwriting his $175 million bond in a New York civil fraud case. Hankey's Knight Specialty Insurance Company's involvement allows Trump to continue his legal appeal and prevents the seizure of his properties by the New York Attorney General. Hankey's business empire and past financial ties with Trump shed light on the non-political nature of his decision.
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Unveiling the Story of the 'Subprime Auto King' Behind Trump's $175 Million Bond

California Billionaire Don Hankey Assists Trump with $175 Million Bond

After weeks of uncertainty, former President Trump posted a $175 million bond in his New York civil fraud case with the aid of Don Hankey.

Hankey's Role

Known as the 'subprime auto king,' Hankey's Knight Specialty Insurance Company underwrote Trump's bond, facilitating his legal appeal.

Non-Political Support

Despite past donations and ties with Trump, Hankey emphasized his business motivations and the quick transaction of the bond arrangement.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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