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Billionaire known for high-interest loans to car buyers with poor credit is chairman of the insurance group…

By Ilene
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ANGELA WEISS—AFP/GETTY IMAGES

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.

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