• Sun. Apr 21st, 2024

Wealthy Businessman Don Hankey Assists Trump with Loan Amidst Bankruptcy Rumors: Is This Just Another Profit-Driven Decision?

BySamantha Nguyen

Apr 4, 2024
The individual providing Donald Trump with the bail bond: who is Don Hankey?

There has been speculation that Donald Trump may need to file for bankruptcy following his conviction in a fraud trial. However, a wealthy individual named Don Hankey stepped in to offer assistance to the former president. Hankey, who has amassed his wealth through various business ventures including car loans, possesses assets worth $23.4 billion. His company, the Hankey Group, is involved in credit companies, real estate, insurance, and has a stake in Axos Bank.

Despite his significant wealth, 80-year-old Don 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. 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.

The speculation about whether Donald Trump will need to file for bankruptcy remains uncertain at this time as it depends on how he manages his finances and any legal challenges he may face.

In conclusion, while some see Don Hankey’s involvement with Donald Trump as political statement, others view it as just another business deal made by an individual looking for profitability and growth opportunities regardless of their political leanings or affiliations.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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