Former President Donald Trump and his co-defendants have successfully obtained a $175 million bond in their New York civil fraud case, according to a recent court filing.
The bond was secured through Knight Specialty Insurance Company, a firm owned by the privately-held Hankey Group.
The chairman of Hankey Group, Don Hankey, revealed to ABC News, "This is what we do at Knight Insurance, and we're pleased to be able to assist the ex-president in this matter. I'd say it's more of a business decision, but I happen to be a supporter as well."
Hankey confirmed that Trump provided all the collateral in cash.
Hankey mentioned that his company had reviewed some of the former president's bonds, which he described as "grade-A bonds, investment grade quality securities."
"We're confident that we have very good collateral," Hankey assured.
Hankey also disclosed to that he has contributed to the former president's campaign but could not recall the exact amount he donated.
An official with the New York attorney general's office declined to comment to ABC News.
"As promised, President Trump has posted bond," stated his attorney Alina Habba in a Monday evening statement.
"He looks forward to vindicating his rights on appeal and overturning this unjust verdict."
Last week, a panel of judges from New York's Appellate Division granted the former president, his adult sons, and two former Trump Organization executives a 10-day stay of the $464 million judgment in their civil fraud case and permitted them to post a reduced bond of $175 million.
Trump's legal team argued that the former president lacked the cash to secure a bond for the full judgment after being rejected by more than 30 bond companies.
Defense lawyers contended that without intervention from an appeals court, Trump would suffer irreparable harm by having to sell off his namesake properties before exhausting his appeal of the fraud ruling.
In February, following a three-month trial, Judge Arthur Engoron fined Trump and his co-defendants after finding they had engaged in a decade of business fraud by falsely inflating the former president's net worth to obtain better loans and business deals.
"The frauds found here leap off the page and shock the conscience," wrote Engoron.
Trump has denied all wrongdoing, and his lawyers have appealed the ruling, arguing that the disgorgement amount was unconstitutional, disproportionate, and flawed.
Defense lawyers claim that Judge Engoron misapplied the statute of limitations for Trump's conduct and that New York Attorney General Letitia James failed to prove Trump's misrepresentations were relevant to the former president's lenders.
"If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets," James said in a recent interview. "We are prepared to ensure that the judgment is paid to New Yorkers."
In the defamation suit brought against Trump by writer E. Jean Carroll, Trump secured a $92 million bond through insurance company Chubb after a jury in January found him liable for defaming her.
Trump, who has denied all wrongdoing, has filed a notice of appeal in that case.