Former President Donald Trump and his co-defendants in his New York civil fraud case on Monday posted a bond of $175 million, following a judge's ruling that they had for years misrepresented the value of his properties. The bond is underwritten by an insurance company run by a billionaire, who got his start making high-risk, high-interest loans to car buyers with poor credit.Don Hankey, the executive whose company provided the bond, is a little-known mogul who built his $7.
'We had beefs going on, and at the same time people coming in, buying cars,' Hankey said. 'But it all worked. And you would think that somebody buying a car would hate to see somebody else arguing about a payment, but it didn't seem to matter.'What other businesses does Hankey own?Hankey expanded beyond auto dealerships when he realized that there was demand for subprime auto loans outside of Los Angeles, according to the Los Angeles Business Journal.
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