By Michael Kranish and Jonathan O'Connell, The Washington PostL.A. billionaire Don Hankey at the headquarters of his Hankey Group, Westlake Financial Services office in Mid Wilshire, Los Angeles, in 2021.
The financial boost for the presumed GOP nominee has thrust Hankey into the midst of a presidential campaign, bringing a new national profile to a colorful 80-year-old worth $7.4 billion, according to Forbes, who worked his way from car salesman to major player in the car loan industry and owner of Xanadu, formerly Olivia Newton-John’s Malibu estate. If Trump is elected, their relationship could come under new scrutiny if the government is involved in matters affecting Hankey’s business.
The Trump campaign did not respond to a request for comment, referring instead to a post by the former president on his social network, Truth Social, in which he said, “I had to pay New York State in order to appeal a corrupt decision by a biased, crooked and highly overturned judge.” The agency on Oct. 1, 2015, announced that it had ordered Westlake Financial Services and another company, Wilshire Consumer Credit, to provide $44.1 million in relief to customers and to pay a civil penalty of $4.25 million for what the agency called “illegal debt collection tactics.” The news release did not name Hankey, and he was not accused of wrongdoing. Hankey said in the interview that the companies relied on an “electronic program” and that he didn’t think they did anything wrong.
A round of negotiations soon commenced, but last week, an appeals court panel in New York ruled that Trump needed to post only $175 million to appeal.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: mercnews - 🏆 88. / 68 Read more »