“But the Trumpian part is that even though, or perhaps because, it may be part of a Trump scam, Knight now too may be on the hook for $175 million as it won’t automatically get out from underneath its own proffered surety.”

Hankey, a billionaire, has already said that his company will be able to post the money for Trump.

He was reacting to a comment on X by lawyer Dave Kingman, who wrote that Knight will not be able to post the $175 million.

“Understand that Knight Specialty has a problem. This bond cannot be approved. Under the CPLR [Civil Practice Laws and Rules] the surety will remain obligated under the bond until a replacement bond is filed. Trump is unlikely to get a replacement bond. Knight Spec will be liable AND Trump won’t have a stay [on enforcement],” he wrote.

  • Son_of_dad@lemmy.world
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    7 months ago

    He should have gone to his buddy Vince McMahon who for some reason keeps selling stock and now has like a billion dollars in cash. I’m sure it’s Vince’s “fly to a non extradition country” fund when the heat gets too much, but he can lend Trump half

    • Beetschnapps@lemmy.world
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      7 months ago

      You mean Don Jr.’s father? I heard his money is tied up in court. I mean, women have been accusing him of rape for decades now… just like Don Sr.!