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@lemmy.world
      261·
      9 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.