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The individual providing Donald Trump with the bail bond: who is Don Hankey?

80-year-old Don Hankey, a wealthy individual with assets worth $23.4 billion, has stepped in to offer assistance to former President Donald Trump following his conviction in a fraud trial. Despite his significant wealth, Hankey is not a prominent figure in politics and 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.

Hankey 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 2022 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.

There has been speculation surrounding whether Donald Trump would need to file for bankruptcy following his conviction in a fraud trial. However, Don Hankey stepped in to offer assistance to the former president by providing him with a loan worth $175 million after he was ordered by court officials to pay $175 million following his conviction.

The judge’s ruling found that Donald Trump and others associated with his company had committed commercial fraud by inflating property values for financial benefit. As a result of this finding, he was ordered by law enforcement officials to pay $464 million along with interest.

Despite their differences, 80-year-old Don Hankey has donated money to politicians from both parties before and expressed frustration with the court’s decision while viewing it as business opportunity.

While there have been rumors about filing for bankruptcy following this conviction trial, it seems like Mr.Trump will be able avoid such action thanks to Mr Don hankey’s timely intervention through offering him an aid of millions of dollars through loans.

By Samantha Jones

As a dedicated content writer at newsaca.com, I bring a unique blend of creativity and precision to my work. With a passion for storytelling and a keen eye for detail, I strive to craft engaging and informative articles that captivate our readers. From breaking news to thought-provoking features, I am committed to delivering content that resonates with our audience and keeps them coming back for more. Join me on this exciting journey as we explore the ever-evolving world of news and information together.

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