Trump did not put up cash
Posted on: April 2, 2024 at 13:11:24 CT
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Here is the lie:
https://x.com/nziokamul1/status/1775183299498983524
The company that underwrote Trump's bond in the NY Attorney General's civil fraud case, Knight Specialty Insurance Co., is owned by Don Hankey, the so-called "king of subprime car loans." But that's not all.
Hankey, who is #128 on Forbes’s 2023 list and #317 on the 2023 Forbes billionaires list, made his money in auto services. But he is also believed to be the largest shareholder in Axos Bank.
If Axos sounds familiar, it's because it's the financial institution that refinanced Trump’s loans on Trump Tower and Doral in 2022. Specifically, Axos has loaned Trump $100 million in his refinancing of Trump Tower and another $125 million for Doral.
Both loans are not due until 2032, according to the Office of Government Ethics disclosure Trump made in August 2023.
https://www.forbes.com/sites/zacheverson/2024/04/01/trump-posts-175-million-bond-new-york-civil-fraud-lawsuit/