Knight Specialty Insurance, a California-based company known for offering subprime auto loans to individuals with poor credit scores, recently underwrote former President Donald Trump’s $175 million bond in New York. The transaction was done quickly, and Trump put up all the cash as collateral. The deal came about after the New York appeals court lowered the bail amount to $175 million.

Don Hankey, president and majority shareholder of Knight Specialty Insurance, spoke with CNN about the deal. He confirmed that both he and his family have donated to Trump’s campaign, with plans to support him in the 2024 election. Although he did not hear from the president directly, Eric Trump came to thank him for his recent business dealings. This is not the first time that Hankey and Trump’s businesses have been linked; Akos Bank, another California lender in which he is a leading shareholder, loaned Trump $100 million to refinance the mortgage on Trump Tower in 2022.

Hankey stated that he had backed Trump’s presidential campaigns in the past and turned to the Trump Organization when the former president ran into difficulties assembling a $464 million bond. Initially planning to use a mix of investment-grade bonds and cash as collateral, Trump ultimately decided to provide all the money himself.

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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