Posted 4/2/2024, 12:08:49 PM
Trump Receives Financial Backing from Subprime Lender to Appeal Fraud Case
- Don Hankey, known as the "king of subprime car loans," helped Trump post a $175M bond to appeal fraud case judgment
- Hankey runs Knight Specialty Insurance Co. which underwrote Trump's bond
- Hankey is believed to be the largest shareholder in Axos Bank, which refinanced loans for Trump's properties in 2022
- Axos Bank loaned Trump $100M for Trump Tower and $125M for Doral, not due until 2032
- Hankey said he has never met Trump but was "happy to do this for anyone who needs a bond"
