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BumRushDaShow

(129,302 posts) Tue Apr 2, 2024, 08:29 AM Apr 2

"Sounds familiar": Expert flags details on "king of subprime car loans" who helped Trump post bond

Source: Salon

Published April 2, 2024 8:08AM (EDT)

Former President Donald Trump on Monday posted a $175 million bond in his New York civil fraud case to appeal the judgment and stave off asset seizure, according to NBC News.

Trump sought to appeal the ruling, which found Trump liable for $454 million, but complained to an appellate court that he could not secure a big enough bond to appeal the judgment. The court last week reduced Trump’s bond to $175 million, though he is still on the hook for the full amount – plus interest ‑ if he loses his appeal.

The bond was underwritten by Knight Specialty Insurance Co., which is run by billionaire Don Hankey, who is No. 128 on the 2023 Forbes 400 list.

MSNBC legal analyst Lisa Rubin noted that Hankey is the so-called “king of subprime car loans.” Hankey is “best known in the business world for making high-risk, high-interest loans to car buyers with flawed credit histories,” according to Fortune. Hankey is also “believed to be the largest shareholder in Axos Bank,” according to Rubin.

Read more: https://www.salon.com/2024/04/02/sounds-familiar-expert-flags-details-on-king-of-subprime-car-loans-helped-post-bond/?in_brief=true

19 replies

= new reply since forum marked as read

Highlight:

"Sounds familiar": Expert flags details on "king of subprime car loans" who helped Trump post bond (Original Post) BumRushDaShow Apr 2 OP

He launders money. gab13by13 Apr 2 #1

Which department has the job to go after money laundering? I think it used to be a crime. Autumn Apr 2 #2

Its Garland. 3Hotdogs Apr 2 #3

Maybe FinCen can investigate but DOJ would prosecute IronLionZion Apr 2 #19

Axos bank. That's a name that has come up umpteen times before in connection to Scrivener7 Apr 2 #4

Snippet from the article that explains that BumRushDaShow Apr 2 #5

Axos was also the conduit from the Cyprus Bank money from Russia in 2016. Rachel did Scrivener7 Apr 2 #6

Alpha Bank BumRushDaShow Apr 2 #8

Oh, right! It's so hard to keep the uninvestigated money laundering banks straight! Scrivener7 Apr 2 #15

Yuppers! BumRushDaShow Apr 2 #16

I saw this yesterday. Then I looked at the date NotASurfer Apr 2 #7

45's April Fool's "joke" BumRushDaShow Apr 2 #10

One bottom feeder... SergeStorms Apr 2 #9

I smell something. Anyone else? twodogsbarking Apr 2 #11

These are two past loans NOT due till 2023-- that gave Trump $225 million in loans riversedge Apr 2 #12

PROOF that money means NOTHING to these monsters. bluestarone Apr 2 #13

But Hunter Biden once ate Russian dressing. twodogsbarking Apr 2 #14

BAD CREDIT? NO CREDIT? EVEN *BANKRUPTCY*? usonian Apr 2 #17

Gods alive... a used car loan salesman! slightlv Apr 2 #18

gab13by13

(21,378 posts)

1. He launders money.

Reply to BumRushDaShow (Original post)

Tue Apr 2, 2024, 08:34 AM

Apr 2

Car loans are just a front.

It was most likely his Axos bank where Trump moved some of his money a year ago.

Trump won't have to use a nickel of his own money to pay E. Jean or the state of New York. He hasn't had to use a nickel of his own money to pay his lawyers.

Autumn

(45,120 posts)

2. Which department has the job to go after money laundering? I think it used to be a crime.

Reply to gab13by13 (Reply #1)

Tue Apr 2, 2024, 08:55 AM

Apr 2

If it's the DOJ the guy is as safe as a baby in it's mothers arms.

3Hotdogs

(12,396 posts)

3. Its Garland.

Reply to Autumn (Reply #2)

Tue Apr 2, 2024, 09:11 AM

Apr 2

Go back to bed. Nothin' to see here.

IronLionZion

(45,494 posts)

19. Maybe FinCen can investigate but DOJ would prosecute

Reply to Autumn (Reply #2)

Tue Apr 2, 2024, 01:10 PM

Apr 2

https://www.fincen.gov/

Scrivener7

(50,989 posts)

4. Axos bank. That's a name that has come up umpteen times before in connection to

Reply to BumRushDaShow (Original post)

Tue Apr 2, 2024, 09:15 AM

Apr 2

Russian money laundering through Cyprus Bank for the benefit of the vile thing.

They're not even updating the playbook, and we're just watching it happen.

BumRushDaShow

(129,302 posts)

5. Snippet from the article that explains that

Reply to Scrivener7 (Reply #4)

Tue Apr 2, 2024, 09:20 AM

Apr 2

“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,” she wrote.

Scrivener7

(50,989 posts)

6. Axos was also the conduit from the Cyprus Bank money from Russia in 2016. Rachel did

Reply to BumRushDaShow (Reply #5)

Tue Apr 2, 2024, 09:22 AM

Apr 2

a detailed show about it back then.

BumRushDaShow

(129,302 posts)

8. Alpha Bank

Reply to Scrivener7 (Reply #6)

Tue Apr 2, 2024, 09:36 AM

Apr 2

https://www.cnn.com/2017/03/09/politics/fbi-investigation-continues-into-odd-computer-link-between-russian-bank-and-trump-organization/index.html

although the story was pooh-poohed later but still has some legs - https://www.businessinsider.com/alfa-bank-trump-organization-link-remains-mystery-after-durham-indictment-2021-10

Scrivener7

(50,989 posts)

15. Oh, right! It's so hard to keep the uninvestigated money laundering banks straight!

Reply to BumRushDaShow (Reply #8)

Tue Apr 2, 2024, 11:19 AM

Apr 2

Axos bank was THIS one:
https://www.rollingstone.com/politics/politics-news/axos-bank-trump-tower-donald-trump-1320670/
https://www.washingtonpost.com/politics/2023/07/27/trump-loans-axos-bank-gregory-garrabrants/

BumRushDaShow

(129,302 posts)

16. Yuppers!

Reply to Scrivener7 (Reply #15)

Tue Apr 2, 2024, 11:40 AM

Apr 2

That real estate has been a money-laundering factory!

NotASurfer

(2,153 posts)

7. I saw this yesterday. Then I looked at the date

Reply to BumRushDaShow (Original post)

Tue Apr 2, 2024, 09:25 AM

Apr 2

Then I thought "April 1, article says somebody named Mr. Hankey loaned the money, gotta be a South Park April Fool, not falling for it"

Well, howdy ho if I didn't prank myself on this one

BumRushDaShow

(129,302 posts)

10. 45's April Fool's "joke"

Reply to NotASurfer (Reply #7)

Tue Apr 2, 2024, 09:51 AM

Apr 2

was that he was "suspending his campaign".

SergeStorms

(19,204 posts)

9. One bottom feeder...

Reply to BumRushDaShow (Original post)

Tue Apr 2, 2024, 09:41 AM

Apr 2

helping another bottom feeder.

Birds of a feather......and all that. 💩💩

twodogsbarking

(9,784 posts)

11. I smell something. Anyone else?

Reply to BumRushDaShow (Original post)

Tue Apr 2, 2024, 10:13 AM

Apr 2

riversedge

(70,270 posts)

12. These are two past loans NOT due till 2023-- that gave Trump $225 million in loans

Reply to BumRushDaShow (Original post)

Tue Apr 2, 2024, 10:17 AM

Apr 2

............Hankey is also “believed to be the largest shareholder in Axos Bank,” according to Rubin.

“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,” she wrote.

Both loans are not due until 2032, according to the Office of Government Ethics disclosure Trump made in August 2023. The list of his liabilities, as it appears in that filing and which references both Axos loans, is pasted below here. 4/

https://x.com/lawofruby/status/1774961969574871069?s=20