The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Politics

Billionaire who helped Trump with $175M bond says he ‘probably didn’t charge enough’

by admin April 9, 2024
April 9, 2024
Billionaire who helped Trump with $175M bond says he ‘probably didn’t charge enough’

The billionaire business mogul who provided former President Donald Trump with the massive bond required to appeal his case in New York says he might not have charged the former head-of-state a good price.

Don Hankey is the chairman of Knight Specialty Insurance, the company that supplied the $175 million bond required by Trump’s New York civil fraud trial.

Hankey told Reuters in an interview that he did not charge Trump a high fee for the financial service, saying he believed it was a small risk.

‘We thought it would be an easy procedure that wouldn’t involve other legal problems and it’s not turning out that way. We probably didn’t charge enough,’ Hankey told the outlet.

The billionaire — who supported Trump in 2016 and is backing his re-election — said he has faced intense scrutiny from New York Attorney General Letitia James’ office and other officials.

Hankey told Reuters, ‘We have been getting a lot of emails, a lot of phone calls. Maybe that’s part of the reason he had trouble with other insurance companies.’

‘I’m surprised they’re coming down harder on our bond or looking for reasons to cause issues with our instrument,’ he added.

Trump’s bond was initially set at a staggering $454 million, a value so high he struggled to find firms willing to take on the risk.

Hankey — believed to be worth over $7 billion dollars — approached the Trump campaign about rendering financial services before the bond was reduced to $175 million.

The billionaire said Trump provided collateral for the bond in cash held by a brokerage firm.

‘I don’t know if it came from Donald Trump or from Donald Trump and supporters,’ Hankey said.

Jury selection for the civil fraud trial is expected to begin on April 15.

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Trump’s abortion stance prompts pushback from Lindsey Graham as others rally behind former president
next post
Trump is wrong: abortion opponents are looking for a national leader

Related Posts

RFK Jr running mate announcement may boost his...

March 26, 2024

Republican senators move to block Somalia terror funding...

May 2, 2025

Dems lose it over GOP plan to rename...

April 4, 2024

House to vote on Johnson’s foreign aid bills...

April 20, 2024

Karoline Leavitt says she won’t attend White House...

March 17, 2025

How the blockbuster Supreme Court presidential immunity ruling...

July 2, 2024

Trump pulls his nomination for DC US attorney,...

May 9, 2025

‘There’s always consequences’: GOP rebels plot mutiny against...

December 18, 2024

Trump urges US to stay out of Syrian...

December 8, 2024

If Republicans were telling the truth about supporting...

January 22, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

      August 10, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      August 10, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 10, 2025
    • Sydney Sweeney jeans controversy making advertising great again

      August 10, 2025
    • Nagasaki mayor issues chilling warning on 80th anniversary of atomic bombing

      August 10, 2025
    • Kash Patel celebrates major FBI achievements and record seizures during Trump’s first 200 days in office

      August 10, 2025

    Categories

    • Business (1,330)
    • Politics (4,206)
    • Stocks (1,577)
    • Uncategorized (45)
    • World News (1,323)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved