California Businessman Don Hankey Provides Lifeline to Former President Trump Despite Political Divide
Don Hankey, a billionaire Donald Trump supporter and chairman of Knight Specialty Insurance Co., arranged a $175 million appeal bond for the former president in New York state’s civil fraud suit. Despite his ties to Trump’s banks and voting history, Hankey emphasized that his decision was purely business-driven, offering his company’s services after hearing about Trump’s difficulty in securing a bond.
Hankey, whose net wealth is estimated at $7.4 billion, clarified that his support for Trump in the past did not influence his business decision. Knight Insurance, a part of Hankey’s Los Angeles-based Hankey Group, stepped in to provide liquidity, enabling Trump to challenge the court’s judgment effectively. The move comes amid Trump’s legal challenges, including an $83.3 million defamation suit and a $454 million judgment in the New York fraud case.
While Hankey’s support for Trump may raise eyebrows, he insists that his actions are purely transactional, distancing himself from any political motivations. Despite the contentious nature of the case and their differing political affiliations, Hankey’s intervention underscores the complex interplay between business, politics, and the legal system.
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