April 20, 2024 5:17 am
The individual providing Donald Trump with the bail bond: who is Don Hankey?

In the wake of his conviction in a fraud trial, there has been speculation surrounding whether Donald Trump would need to file for bankruptcy. However, a wealthy individual named Don Hankey stepped in to offer assistance to the former president. Hankey is an 80-year-old billionaire who has amassed his wealth through various business ventures including car loans and real estate. He possesses assets worth $23.4 billion and owns a credit company, real estate firm, insurance company, and has a stake in Axos Bank.

Despite his significant wealth, Hankey has not been a prominent figure in politics. He has donated to politicians from both the Republican and Democratic parties in the past, including support for Trump. However, Hankey insists that he is not a fan of Trump but views his loan as a good business opportunity. He provided Trump with a loan to post bail after a court ordered him to pay $175 million following his fraud conviction.

The judge’s ruling in the civil case found that Donald Trump and others associated with his company committed commercial fraud by inflating the value of Trump properties to gain financial benefits. The court ordered Trump to pay $464 million to the state of New York with interest. Hankey expressed frustration with the court’s decision, citing common practices in the real estate industry.

Don Hankey’s involvement in assisting Trump is not unprecedented. His company Axos Bank reportedly provided a loan of $225 million to the Trump Organization in 2021 when other lenders pulled out due to Trump’s role in the Capitol riot. The bank’s president approved the loan based on financial considerations rather than political motivations. Overall, Hankey’s actions are viewed as business decisions rather than political statements.

Hankey’s loan helped keep Trump out of prison while he awaited appeal and allowed him time to continue fighting against charges that he defrauded investors by overstating property values.

While some may view this move as an act of loyalty towards President Trump or even an attempt at whitewashing his image after being convicted of fraud, Don Hankey maintains that it was simply a sound business decision.

Hankey’s involvement can be seen as a testament to how wealthy individuals often have access to resources that others do not have and how they can use those resources for their own benefit.

It is important for anyone looking into this situation to understand that Don Hankey’s involvement does not necessarily reflect any kind of endorsement or support for President Trump’s behavior or actions leading up to his conviction.

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