The Shady Company Backing Trump’s Bond May Never Actually Pay Up ...Middle East

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The Shady Company Backing Trump’s Bond May Never Actually Pay Up
The financial backer covering Donald Trump’s $175 million bank fraud bond has already been revealed as a “king of subprime car loans” with sketchy business practices. But the financial situation behind the dubiously leveraged suretor, Knight Specialty Insurance Company, has gotten even more complicated: apparently, its parent company is located in the Cayman Islands, a popular tax haven for corporations and the ultra-rich.That should ring alarm bells for the New York attorney general’s office, according to former industry regulators that spoke with The Daily Beast, since the locale not only allows companies to skirt taxes but also allows them to minimize oversight, and evade some U.S. regula

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