Billionaire 'Subprime Auto King' Arranged Trump's $175M Bond in Fraud Case

Don Hankey, a little-known California billionaire known as the "subprime auto king," arranged Trump's $175M bond in the New York civil fraud case.

Hankey made his fortune by financing high-interest auto loans and now runs an empire of 8 companies worth $7.4B.

Hankey said he reached out to Trump after hearing of his difficulties posting the original $464M bond.

Hankey has voted for, donated to, and supported Trump in the past, but says his decision was not political.

Hankey's company Axos Bank previously provided $225M in loans to Trump's businesses when other lenders cut ties after Jan 6.