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Trump - 5 — - 4 Don Hankey - 3 Hankey - 3 Donald Trump - 2 Letitia James - 2 Knight - 2 Arthur Engoron - 2
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Search resuls for: "Don Hankey"


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☆ Trump defends 'respected' company behind his $175M civil fraud bond
  + stars: | 2024-04-16 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +4 min
Trump's lawyers defended his $175M civil fraud bond — and Knight Specialty — in court filings. AdvertisementLawyers for Donald Trump are defending the "respected" insurers behind his $175 million civil fraud bond in a series of new court filings. Trump's bond was underwritten by Knight Specialty Insurance Company, based in Los Angeles, run by billionaire Trump supporter Don Hankey, a so-called king of subprime car loans. "KSIC is a respected, well-capitalized, Delaware-domiciled insurer that has long underwritten surety bonds and other types of insurance placed around the country," Trump's lawyers wrote. Beyond that, the insurer "has access to more than $2 billion in assets and $1 billion in equity" through its parent company, Knight Insurance Company," the filings say.
Persons: Trump, —, Donald Trump, general's, Charles Schwab, KSIC, Letitia James, Knight, Arthur Engoron, Engoron, Don Hankey, Trump's Schwab, Read, Christopher Kise, Alina Habba, Clifford Robert Organizations: Service, underwriters, New York, Knight Specialty Insurance, Knight Insurance Company, Trump, Associated Press Locations: Manhattan, KSIC, New, Los Angeles, Delaware, Engoron
☆ Trump saved millions by keeping court in dark about billionaire's bond offer: report
  + stars: | 2024-04-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com   time to read: +5 min
By failing to report the offer, Trump's legal team may have violated ethics rules, ProPublica found. "I saw that they were rejected by everyone, and I said, 'Gee, that doesn't seem like a difficult bond to post,'" Hankey told ProPublica. However, legal experts told Business Insider, that if his lawyers knew about the offer and failed to notify the court, they may have violated ethics rules. However, he noted it would be difficult to prove what Trump's lawyers knew and when they knew it. The Trump campaign, lawyers representing the former president in his civil fraud case, and Knight Specialty Insurance Company representatives did not immediately respond to requests for comment from Business Insider.
Persons: ProPublica, —, Donald Trump's, he'd, Don Hankey, Gee, Hankey, Trump, Neama Rahmani, Andrew Lieb, " Lieb Organizations: Service, Trump, Knight Specialty Insurance, New York, Bar Association, NY, Division, Supreme, Business, Knight Specialty Insurance Company Locations: ProPublica
☆ NY uses obscure civil-practice law to demand a closer look at Trump's $175M appeal bond — and at its underwriter, Knight Specialty
  + stars: | 2024-04-04 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +3 min
The LA company that underwrote Trump's $175M appeal bond needs major vetting, NY says. Judge Arthur Engoron, who presided over Trump's civil fraud trial, gets final say over the bond. AdvertisementThe New York Attorney General's Office wants a closer look at Donald Trump's $175 million appeal bond. In a two-page court filing Thursday, state officials are giving Trump or his underwriters — the Knight Specialty Insurance Company — ten days to "justify," or prove the sufficiency of, the bond. Justifying was not necessary, for example, when Trump used insurance giant Chubb to post a $92 million bond last month for his E. Jean Carroll defamation appeal.
Persons: Arthur Engoron, —, General's, Donald Trump's, Letitia James, Knight, Don Hankey, Forbes, Trump, Chubb, Jean Carroll Organizations: Service, New York, Trump, Knight Specialty Insurance, New York's Department of Financial Services, GOP, Trump Organization, Associated Press, Knight Locations: Los Angeles, New York, New, Angeles, Manhattan
☆ Meet the billionaire 'king of subprime car loans' whose company underwrote Trump's $175 million civil fraud bond
  + stars: | 2024-04-02 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +4 min
Billionaire Don Hankey's company underwrote a $175 million appeal bond for Donald Trump. The 80-year-old oversees Hankey Group, which employs over 3,400 people and whose assets are worth around $22.5 billion, per Forbes. Axos Bank CEO Greg Garrabrants has previously donated around $50,000 to Republican campaigns since 2012, with $9,600 in support of Trump, according to Federal elections records. Related storiesHankey's net worth is estimated at $7.4 billion, according to Forbes — and it's nearly doubled within the last three years. The mansion ended up auctioning for less than half of its expected $500 million worth.
Persons: Don Hankey's, Donald Trump, Hankey, —, Don Hankey swooped, It's, that's, Trump, refinanced, Greg Garrabrants, Forbes —, Ford, Westlake, Niami, David Sucsy, Niami's, Allen J, Schaben, Getty Hankey, Debbie Hankey Organizations: Bel, Service, Hankey Group, Forbes, Hankey's, Specialty Insurance, Bloomberg, Axos Bank, Axos, Trump, Westlake Financial Services, Hankey Investment, Bel Air, Los Angeles Business Journal, University of Southern Locations: Southern California, Bel Air Los, Bel, University of Southern California, Malibu
☆ The firm that backed Trump’s $175 million bond reveals how the deal came together
  + stars: | 2024-04-02 | by ( Matt Egan | ) edition.cnn.com   time to read: +2 min
It was put together very quickly.”Based in California, Knight Specialty Insurance is known for providing subprime auto loans to car buyers with weaker credit scores. At first, Trump planned to post a mix of investment-grade bonds and cash as collateral (80% bonds and 20% cash), Hankey said. Although Knight Specialty received the bonds and approved them, he said they were not posted in the end. “Ultimately, he put up all cash,” Hankey said, adding that he does not know where the $175 million in cash that Trump posted came from. In 2022, Axos Bank, a California lender, loaned Trump $100 million to refinance the mortgage on Trump Tower.
Persons: CNN — Don Hankey, Donald Trump’s, Trump, ” Hankey, Hankey, Forbes, Specialty, Eric Trump, It’s Organizations: CNN, Specialty Insurance, Knight Specialty Insurance, Trump Organization, Trump, Knight, Axos Bank Locations: New York, California, Axos
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