The Legal Troubles of Donald Trump: Bond, Don Hanky, and Leticia James

🔑Don Hanky's company, the bonding company used by Donald Trump, may have violated anti-money laundering laws by not knowing the source of funds used to back the bond.

🔍The bond posted by Don Hanky's company has numerous errors and lacks the financial wherewithal to keep the bond in place.

💸Donald Trump's inability to find a bonding company willing to post the bond raises questions about his financial situation.

📝An evidentiary hearing will be held to determine the validity of the bond and assess Don Hanky's company's ability to back it.

⚖️Leticia James, the New York attorney general, is seeking a fully backed bond of $464 million in the civil fraud case against Donald Trump.

What is a bonding company?

—A bonding company provides bonds, which are financial guarantees used to ensure the fulfillment of certain obligations. In this case, the bonding company was used to post a bond in the New York attorney general civil fraud case against Donald Trump.

What are the legal issues surrounding the bond?

—The bond posted by Don Hanky's company raises concerns about its financial wherewithal and compliance with anti-money laundering laws. An evidentiary hearing will be held to address these issues.

Why is Leticia James seeking a fully backed bond of $464 million?

—Leticia James, the New York attorney general, wants the bond to be fully backed to ensure that the judgment amount of $464 million can be satisfied if Donald Trump loses the case.

What are the potential consequences if the bond is deemed invalid?

—If the bond is found to be invalid or insufficient, the New York attorney general may be able to seize assets to satisfy the judgment amount.

What role does Don Hanky play in this situation?

—Don Hanky owns the bonding company that was used by Donald Trump to post the bond. His interviews and statements have undermined the bond and raised questions about its validity.

00:00Donald Trump used a bonding company owned by Don Hanky to post a bond in the New York attorney general civil fraud case against him.

03:59The bond has raised legal issues, including concerns about Don Hanky's company violating anti-money laundering laws and the company's financial wherewithal.

07:10An evidentiary hearing will be held to determine the validity of the bond.

09:40Leticia James, the New York attorney general, is seeking a fully backed bond of $464 million in the civil fraud case against Donald Trump.