Hankey is the head of Knight Specialty Insurance Company, which underwrote the former president’s civil fraud loan.
Don Hankey, the chair of the company that helped Donald Trump pay his civil fraud bond, has come under scrutiny because of the company’s ongoing relationship with the Trump family and its links to another company that has been the subject of controversy.
On April 1, the former president posted a $175 million bond, preventing the state from seizing his assets while he appeals a ruling that he and top executives at The Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers.
In his ruling, Judge Arthur Engoron originally said Trump would have to pay about $464 million in penalties for fraud, plus interest, but the former president succeeded in getting the bond reduced.
Trump, the presumptive Republican nominee in the 2024 presidential election, then secured the bond through Knight Specialty Insurance Company, which is owned by the privately held Hankey Group. Hankey heads both organizations.
Writing on X, formerly Twitter, legal analyst Lisa Rubin scrutinized Hankey and Axos. She said the business owner was known as the „king of subprime car loans.
