BOND - Donald Trump Reportedly Hid Billionaire's Bond Offer From Court To Save Millions | Benzinga
Former President Donald Trump recently achieved a legal victory when a New York appellate court significantly reduced his required appeal bond from $464 million to $175 million in a civil fraud case.
Trump's legal team had argued that securing a bond for the full amount was nearly impossible, citing refusals from approximately 30 firms to either take the risk or accept real estate as collateral.
Despite public claims of difficulty securing a bond for the mandated initially $464 million due to rejections from multiple firms, Trump had reportedly been approached by billionaire Don Hankey, who was willing to post the total amount using real estate as collateral.
In an interview with ProPublica, Hankey revealed that ...