Billionaire known for high-interest loans to car buyers with poor credit is chairman of the insurance group that underwrote Trump’s $175 million bond
BY MICHAEL R. SISAK, JENNIFER PELTZ AND THE ASSOCIATED PRESS, as published at Fortune
Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing.
A New York appellate court had given the former president 10 days to put up the money after a panel of judges agreed last month to slash the amount needed to stop the clock on enforcement.