Billionaire Business Mogul Questions Price Charged to Trump for Bond

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Politics Nouvelles

Billionaire,Business Mogul,Donald Trump

Don Hankey, the chairman of Knight Specialty Insurance, reveals that he may not have charged former President Donald Trump a fair price for the $175 million bond required for his appeal in New York. Hankey believed it was a small risk and now admits they probably didn't charge enough.

The billionaire business mogul who provided former President Donald Trump with the massive bond required to appeal his case in New York says he might not have charged the former head-of-state a good price. Don Hankey is the chairman of Knight Specialty Insurance, the company that supplied the $175 million bond required by Trump's New York civil fraud trial.

The billionaire said Trump provided collateral for the bond in cash held by a brokerage firm. 'I don't know if it came from Donald Trump or from Donald Trump and supporters,' Hankey said. Jury selection for the civil fraud trial is expected to begin on April 15.

 

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