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.

  • @doublejay1999English
    2•3 months ago

    I suppose you don’t know how much you can pay until you know how much you can scrounge.