Donald Trump’s legal debts might now exceed a half-billion dollars
A New York judge ordered Trump and his companies Friday to pay $355 million in fines, plus interest, after ruling that he had manipulated his net worth in financial statements.
The stiff penalty comes just weeks after Trump was ordered to pay $83.3 million to the writer E. Jean Carroll for damaging her reputation after she accused him of sexual assault. A separate jury last year awarded Carroll $5 million from Trump for sexual abuse and defamation.
Add interest payments on top of that and the judgments could deal a staggering blow to the personal fortune that remains core to Trump’s political appeal. He has adamantly denied wrongdoing and pledged to appeal, a process that could take months or even years.
In the meantime, here’s what we know about what Trump owes, whether he’ll have to pay up, and what comes next:
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Political funds can’t be used to pay these fines. PACs apparently can pay for them, but he raised about 300 million from all sources including PACs for his first presidential campaign, so even if he manages to cajole this much away, it’s going to leave him in a substantially weaker position.
And if all the money goes to pay for fines instead of ads, he loses and the criminal charges will come to bite. His whole plan is to get elected to buy time.
Exactly. F*** that guy and I’m excited for him to lose again and then die, fingers crossed.
I’m more excited for him to lose, be jailed and watch the crumble of his horrible family. Then die knowing he was a hayed failure.
And if his following of dupes donate all their money to him, to cover his legal bills, there is much less for down-ballot races. Hopefully he sucks up everything the GOP has and squanders it.
That’s also money the #fascist #GOP can’t use to spread their lies.
Hopefully a circle of life situation where those trump has hurt benefit most from his followers donations.
Man was convicted of fraud, it’s all he knows. A law forbidding something is for poor rubes, not a rich daddies boy fraudster. He’ll use any funds he can get his little baby fingers on, regardless of legality.
He can use any avenue he can lay his s***** fingers on, but he’s already paid 5 million and I will be shocked if he does not end up paying substantially more.
Can’t wait for baby hands to go down in flames. Coronary or otherwise.
Why not? Do you mean it’s illegal? Do you think that will stop him?
I mean that since political contributions cannot be used for these fees specifically, campaign funds won’t be accepted by the courts to pay these fines, if that’s what you mean.
You’re right about campaign funds not being used, but Super PAC funds can and likely will be used … because the GOP’s adherents are a shill for mango-face.
That’s true, however, the total funds including PACs of his first term were less than his 350 million fee, so he wouldn’t have been able to run for president at all in 2016 if these fees were around then, and even in 2020 when they went up to 750 million, a historical amount of presidential campaign funds, especially for a piece of s***, if you subtract the 530 million dollars he owes, it’s a very significant amount.
Let his Super PAC pay. It’s been gobbling up so much money that GOP organizations across the country are going broke. Trump’s legal expenses are sucking all the money from the GOP and they are ginna struggle to run effective campaigns in key races this year.
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But these guys are good at obfuscation where the money comes from. Look at the trail you have to follow with the Stormy Daniels thing, they pull shit like that all the time.
I am confident that Trump will come up with the cash to pay the full judgement when he has to, and if the court asks for details on how he came up with it, there will be documentation that looks totally legit. It would take another three-year investigation to establish who really paid for what.
His ability to do this is diminished by the court receiver monitoring his NY businesses, of course, but he has no doubt established new money-laundering machinery in Florida. Heck, the Governor might be in on that, too.
He’s already paid the $5 million ruling for raping e jean Carroll, and is still on the hook for defamation and now business fraud, but there’s no difference in his liability for any of these three cases.
He’s already paid one, he should pay the rest.
I was thinking of PACs. And I would not be at all surprised if PACs fill up with foreign dark money to help Trump into office. Thanks, SCOTUS.
Even dark money only makes safe investments that they have corrupt information on.
Dumps is proving an ever unsafer investment.
Also, f*** scotus
Agreed, but Putin and his allies would consider it a very safe investment over Biden.
I don’t think so. I actually can’t see that reasoning. What do you mean?
All of the money that went into dumps presidential campaign fund in the 2020 run was double the amount of 2016, which is like 16 times the amount of any presidential campaign beforehand, and he still lost.
I do think Putin would invest in disinformation, but I can’t see him investing even through third-party funneling, into Trump when he already lost and is now so much more civilly liable and under investigation and trial for criminal lawsuits.
It’s a worse investment.
I think you misunderstand what a safe investment means. The problem now is it will take more money to elect trump and most money donated will go to his legal troubles and debts. So there is less chance of return and more money needed to make a return.
Yes, they certainly don’t want Biden elected and won’t donate to him, but trump is a poorer investment. First time round he was a long shot that paid off big. Second time round, he was a huge expense that failed. Third time round, he’s less likely to get in, more likely to be in jail and more likely to die at any point from the stress of it all.