Don Hankey: The Man Behind Donald Trump’s Bail Bond

Wealthy Businessman Bails Out Trump: Don Hankey Steps in to Provide Financial Support Amid Fraud Trial Conviction

There have been rumors about whether Donald Trump would need to file for bankruptcy following his conviction in a fraud trial. However, wealthy businessman Don Hankey stepped in to lend him the funds he needed to post bail. Hankey, who initially inherited his father’s car dealership business and later expanded it by providing loans to individuals, has been an entrepreneur since a young age. Despite his immense wealth, he has largely remained out of the political spotlight and does not publicly endorse Trump.

Hankey formed the Hankey Group in 2022, a corporate structure with an estimated $23.4 billion in assets that is involved in credit, real estate, insurance, and banking. The high-interest rates charged on loans raised concerns with consumer protection officials and led to the establishment of this group.

Despite supporting Trump and making donations to various politicians in the past, Hankey did not publicly endorse him following his conviction for fraud. Nonetheless, he came forward to provide financial support when Trump faced accusations of commercial fraud for inflating property values to secure loans and other benefits. The court ordered Trump to pay $464 million in ill-gotten gains to the state of New York.

Trump’s involvement in previous controversies like the Capitol insurrection did not deter Hankey from providing financial support through Axos Bank, which gave him a $225 million loan in 2022 following the termination of previous lenders’ agreements due to Trump’s actions. This decision was not politically motivated but underscores Hankey’s willingness to stand by Trump for financial gain.

In conclusion, while there have been rumors about whether Donald Trump would need to file for bankruptcy following his conviction for fraud, wealthy businessman Don Hankey stepped in to lend him the funds he needed during a critical time. Although Hankey has largely remained out of the political spotlight and does not publicly endorse Trump, he has demonstrated his willingness to provide financial support when needed despite potential controversy or backlash from others.

It is important for investors and businesses alike to carefully consider their relationships with individuals who may be facing legal challenges or have controversial backgrounds when making investment decisions or forming partnerships.

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