Negotiations were underway to post a $557 million bond when an appeals court reduced the bond, according to one of the participants, billionaire Don Hankey.

cross-posted from: https://lemm.ee/post/28524884

Looks like it actually was possible to bond the whole amount.

Don Hankey, the billionaire chairman of Knight Insurance Group, told NBC News he was negotiating to post a far heftier bond of $557 million with the Trump Organization when the state Appellate Division lowered the size of the required bond to $175 million.

  • NegativeInf@lemmy.worldEnglish
    8·
    7 months ago

    He only got it lowered because his lawyers stated there was no way he could pay the full amount to appeal and that no one would provide a loan, then he went around stating the opposite saying he had the cash and now we find out he was negotiating for a far more substantial loan for the full amount before it was lowered! I hope his bones escape.