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

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.

  • @mercano
    25•8 months ago

    The court already has a financial monitor in place at the Trump Organization, retired federal judge Barbra Jones. As part of the verdict, she’s staying for the next three years. She has complete access to the books, and will wave a red flag if she sees anything suspicious.

    • @RedditWanderer
      16•8 months ago

      Excuse me, but I have my “appeal” flag and my “don’t have to pay as much as everyone else” flag.

      • @EvilBit
        3•8 months ago

        If it’s red, she can wave that, sure.