Don Hankey, the chair of the company that helped former President Donald Trump secure bond in his civil fraud case, has a connection to Trump Tower. Trump on Monday posted a $175 million bond in New York Attorney General Letitia James' civil business fraud case against him, preventing her from beginning to collect his assets while he appeals Judge Arthur Engoron's judgment against him.
Knight Specialty Insurance Company, a California-based company owned by the Hankey Group, posted the bond for Trump. Both organizations are led by Hankey, who has a net worth of more than $7 billion, according to Forbes. Engoron in February ordered Trump to pay $355 million after siding with James in the civil suit, in which she accused Trump and top executives at The Trump Organization of conspiring to increase his net worth by billions of dollars on financial statements provided to banks and insurers to make deals and secure loans. Since the ruling, Trump's debt has grown to $464 million due to interest