The individual providing Donald Trump with the bail bond: who is Don Hankey?

There have been rumors that Donald Trump may need to file for bankruptcy after being convicted in a fraud trial. However, a wealthy individual named Don Hankey stepped in to offer assistance to the former president. Hankey, who has built his wealth through various business ventures including car loans and real estate, possesses assets worth $23.4 billion. His company, the Hankey Group, is involved in credit companies, insurance, and has a stake in Axos Bank.

Despite his significant wealth, 80-year-old Don Hankey is not known for his political involvement. He has donated to politicians from both parties in the past, including support for Trump. However, Hankey insists that he does not support Trump politically but views his loan as a good business opportunity. Hankey provided Trump with a loan of $175 million following his fraud conviction to help him post bail.

The judge’s ruling in the civil case found that Trump and others associated with his company committed commercial fraud by inflating the value of Trump properties to gain financial benefits. The court ordered Trump to pay $464 million to the state of New York with interest. Hankey expressed frustration with the court’s decision, citing common practices in the real estate industry.

Don Hankey’s involvement in assisting Trump is not unique; his company Axos Bank provided a loan of $225 million to the Trump Organization in 2022 when other lenders pulled out due to Trump’s role in the Capitol riot. The bank’s president approved the loan based on financial considerations rather than political motivations. Overall, Hankey’s actions are viewed as business decisions rather than political statements.

In conclusion, while there have been speculations surrounding whether Donald Trump would need to file for bankruptcy following his conviction in a fraud trial, wealthy individual Don Hankey stepped forward to offer assistance through providing him with a loan worth $175 million post-bail payment order.

By Sophia Gonzalez

As a content writer at newsgreg.com, I am dedicated to crafting engaging stories that captivate our readers. With a knack for turning complex topics into accessible and compelling narratives, I weave words together to inform and inspire. My passion lies in delivering accurate and thought-provoking content that keeps our audience informed and entertained. From breaking news stories to in-depth features, I strive to bring a fresh perspective to every piece I create. Join me on this journey of exploration and discovery through the power of words at newsgreg.com.

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