The surety company that posted Donald Trump's $175 million civil fraud bond suggested that insurers "probably didn't charge" the former president enough for the bond, which was later rejected due to missing paperwork. New York Attorney General Letitia James raised questions about the "sufficiency" of the bond, and a court hearing is scheduled for April 22 to discuss details of the bond.
Don Hankey, CEO of the company that helped Donald Trump pay his civil fraud bond, is under scrutiny due to his ongoing relationship with the Trump family and his company's links to controversial entities. Hankey, who heads Knight Specialty Insurance Company and Axos Bank, has faced criticism for his business practices, including high-interest rates and alleged dubious lending practices. The company's involvement in financing real estate transactions with Jared Kushner's Kushner Companies and lawsuits against it have also drawn attention. Hankey, a Trump supporter, defended his decision to help Trump pay the bond, while Trump's attorney expressed confidence in overturning the verdict on appeal.
Alina Habba, Donald Trump's lead defense counsel, condemned the $454 million penalties imposed by a New York court, alleging it was an attempt to interfere in the election and ruin Trump's company. With a deadline looming to post the bond, speculation arose about seeking funds from foreign entities, prompting concerns about national security risks. Trump maintains innocence and intends to appeal the ruling, while facing scrutiny over potential foreign sources for the bond.
