The billionaire business mogul who provided former President Donald Trump with the massive bond required to appeal his case in New York has revealed that he may not have charged Trump a fair price for the financial service. Don Hankey, the chairman of Knight Specialty Insurance, disclosed in an interview that he did not charge Trump a high fee for the $175 million bond needed for Trump's New York civil fraud trial, believing it was a small risk.
Hankey, who supported Trump in 2016 and is backing his re-election, mentioned that his company has faced intense scrutiny from New York Attorney General Letitia James' office and other officials. He expressed surprise at the level of scrutiny and the challenges faced with the bond, suggesting that it might have contributed to Trump's difficulties in securing bonds from other insurance companies.
