VitalNews.org) – Former President Donald Trump has been in a legal battle for fraud and has just lowered his bond amount from over four hundred million to under two hundred million. This was a result of a trial where Donald Trump and his co-dependents were partaking in years of business fraud.
Trump was able to secure this bond from a company owned by the Hankey Group, Knight Specialty Insurance Company. “This is what we do at Knight Insurance, and we’re happy to be able to accommodate the ex-president in this situation,” said Don Hankey, adding that although he is a supporter of the ex-president, it is also a good business decision.
Hankey said that the company was entertaining the former President’s original bond amount, which was over four hundred million. However, when the New York court dropped the amount, they continued with their efforts to aid the former president.
Hankey said, “It was a relatively low number, and Donald Trump put up all the collateral in cash.” He said that regardless, he knew that they “have very good collateral.”
Alina Habba, Trump’s attorney, stated “As promised, President Trump has posted bond…He looks forward to vindicating his rights on appeal and overturning this unjust verdict.”
Just recently Trump, his sons, and two former executives were granted a smaller bond after Trump stated that finding a bond amount for the original offer was going to be “impossible.” Trump said that he was supposedly rejected by thirty different bond companies.
Copyright 2024, VitalNews.org
