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.<\/p>\n
Don Hankey is the chairman of Knight Specialty Insurance, the company that supplied the $175 million bond required by Trump\u2019s New York civil fraud trial.<\/p>\n
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.<\/p>\n
\u2018We thought it would be an easy procedure that wouldn\u2019t involve other legal problems and it\u2019s not turning out that way. We probably didn\u2019t charge enough,\u2019 Hankey told the outlet.<\/p>\n
The billionaire \u2014 who supported Trump in 2016 and is backing his re-election \u2014 said he has faced intense scrutiny from New York Attorney General Letitia James\u2019 office and other officials.<\/p>\n
Hankey told Reuters, \u2018We have been getting a lot of emails, a lot of phone calls. Maybe that\u2019s part of the reason he had trouble with other insurance companies.\u2019<\/p>\n
\u2018I\u2019m surprised they\u2019re coming down harder on our bond or looking for reasons to cause issues with our instrument,\u2019 he added.<\/p>\n
Trump\u2019s bond was initially set at a staggering $454 million, a value so high he struggled to find firms willing to take on the risk.<\/p>\n
Hankey \u2014 believed to be worth over $7 billion dollars \u2014 approached the Trump campaign about rendering financial services before the bond was reduced to $175 million.<\/p>\n
The billionaire said Trump provided collateral for the bond in cash held by a brokerage firm.<\/p>\n
\u2018I don\u2019t know if it came from Donald Trump or from Donald Trump and supporters,\u2019 Hankey said.<\/p>\n
Jury selection for the civil fraud trial is expected to begin on April 15.<\/p>\n\n
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\u2019s New <\/p>\n","protected":false},"author":0,"featured_media":17766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-17765","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"_links":{"self":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/17765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=17765"}],"version-history":[{"count":0,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/17765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media\/17766"}],"wp:attachment":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=17765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=17765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=17765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}