Donald Trump's $175 Million Court Judgement Payment
Donald Trump paid his $175 million court judgement in his New York fraud case with the assistance of the 'king of subprime car loans,' Don Hankey. Hankey's firm provided a bond on Trump's $175 million court judgment, allowing Trump to collect interest while the amount is held in trust pending appeal.
Key Points
- Don Hankey's firm provided the bond on Trump's $175 million court judgment.
- Trump was unable to secure underwriting for the bond initially, leading to the involvement of Hankey's firm.
- Hankey's assistance allowed Trump to avoid having to sell real estate assets to pay the judgment.
Pros
- Donald Trump was able to secure a bond to pay his court judgment with the help of Don Hankey's firm, Knight Specialty Insurance Company.
- The transaction allows Trump to collect interest on the $175 million if invested, while being held in trust pending appeal.
Cons
- Trump's need for outside assistance to pay the court judgment raises questions about his financial situation and ability to handle legal matters independently.
- Use of external bonds and loans may complicate Trump's financial affairs and potentially expose him to additional risks.