Meet the ‘subprime auto king’ who arranged Trump’s $175 million bond

[corbe]

Meet the ‘subprime auto king’ who arranged Trump’s $175 million bond

BY JULIA SHAPERO - 04/03/24 5:22 PM ET

After weeks of uncertainty, former President Trump posted a $175 million bond in his New York civil fraud case Monday with the help of little-known California billionaire Don Hankey.

Hankey’s Knight Specialty Insurance Co. underwrote Trump’s bond, allowing the former president to move forward with his appeal of the case and preventing New York Attorney General Letitia James (D) from seizing his properties.

Hankey did not respond to a request for comment.

The billionaire, known as the “subprime auto king” in Los Angeles, made his fortune financing high-interest auto loans for customers with poor credit.

<..snip..>

https://thehill.com/business/4572565-meet-the-subprime-auto-king-who-arranged-trumps-175-million-bond/

[Cyber Liberty]

I thought Trump was paying the Bond with cash?