"Trump's $175 Million Bond: Businessman's Low Fee and New York AG's Questions"

1 min read
Source: Reuters
"Trump's $175 Million Bond: Businessman's Low Fee and New York AG's Questions"
Photo: Reuters
TL;DR Summary

Billionaire businessman Don Hankey, whose company provided the $175 million bond for Donald Trump's New York civil fraud case, stated that the fee charged to Trump was low due to minimal perceived risk. Hankey expressed surprise at the subsequent legal scrutiny and media attention surrounding the bond, and mentioned that Trump offered collateral in cash for the bond. New York Attorney General Letitia James has questioned the bond, and a hearing on the matter is scheduled for April 22.

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