There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

Trump faces a $370m fine in New York fraud trial. How would he pay it?

Trump could secure a bond, but it will cost him

So if Mr Trump owed $370m in disgorgement, he might have to pay a bond company $37m (£29m) to issue the bond. And he will not get that fee back.

Trump could sell assets to raise enough cash

“Something is going to have to be sold or realised in order to get the money to pay for that kind of cost,” said William Thomas, a professor at the University of Michigan Ross School of Business.

Trump could ask his loyal supporters for the money

Mr Trump may also turn to the massive fundraising engine he uses to pay his tens of millions in legal fees. According to the New York Times, 10% of every dollar that is raised from his supporters goes to pay for his defence in his civil and criminal trials.

randon31415 ,

So, I’ve seen $300m, $350m, and now $370m. Which is it?

doctorcrimson ,

It goes up every time somebody tells the story.

I’m curious what his real estate business looks like as a result of the ban from conducting business in state. Is he allowed to sell the properties he is no longer allowed to rent or lease? Or are they forced to sit mostly vacant? I’m assuming it doesn’t disrupt contracts that predate the decision because otherwise the other party could potentially sue the state.

some_guy ,

Couldn’t have happened to a nicer guy. /s

werefreeatlast ,

Trump is back!

In pog form!

For the youngings: reddit.com/…/what_is_alf_is_back_in_pog_form_come…

Yes most comedy from dads are just quotes from the Simpsons.

GrundlButter ,

“You loved Trump NFTs, I think they were a pretty 'uge success, almost as successful as Trump University I’ve heard people say. Now you’re going to love the official Donald J Trump cryptocurrency. It’s backed by the success of the entire Trump legacy, so when I’m doing good, you’re doing good. And according to my most recent cognitive test, I’m doing good, I’m taking one a week now cause ya just gotta know, right? Nobody takes as many cognitive tests as me. Make sure you purchase my cryptocurrency, your money’s safe, you can buy them everywhere except New York, where trust me, your money isn’t safe from witch hunts and people you touch just barely once, okay.”

-Trump next month probably

Fapper_McFapper ,

What is even this question? They told us exactly what they’re doing. Trump is installing family members and stooges to the RNC. The RNC will be paying his legal bills. LOL.

Asafum ,

Just remember: “SoCiAlIsM bAd!” (Just for us though)

Oh and the ol’ GOP motto: “People need to take responsibility for their own actions!”

Dkarma ,

That and nfts bro

SacralPlexus ,

And now… sneakers?

Telodzrum ,

Well’s dry. The RNC only has $8 million in cash on hand.

Introversion ,

Well, there’s always installing your daughter-in-law into the RNC.

"Personal slush fund": Lara Trump vows "every single penny" at RNC will go to help Trump

Burninator05 ,

That may not help as much as he’d hopes. In October (the last filing available) the RNC only had $8m on hand. That is the lowest it’s had since 2015 and is less than half of what it had at this point is 2016 ($20m) and just over an eighth of what it had in 2020 ($61m).

SoylentBlake ,

And in 2020 they got bailed out by a billionaire cuz they came into peak punditry season completely, embarrassingly fucking broke.

Vash63 ,

That honestly seems possible to happen again

Jakdracula ,
@Jakdracula@lemmy.world avatar

He will use the billions he’s about to make by going public with truth social.

reuters.com/…/digital-world-shares-surge-us-regul…

Theprogressivist ,
@Theprogressivist@lemmy.world avatar

Wow, so another overvaluation?

Gradually_Adjusting ,
@Gradually_Adjusting@lemmy.world avatar

Value investing? In this economy?

UsernameIsTooLon ,

What if it’s to get trump to sell off truth social and watch it actually burn?

Fapper_McFapper ,

I dunno. I’m on truth social to agitate and make fun of the MAGATs, lately it seems like there are more of us liberals on that platform than Trump supporters. Either that, or they wall gardened us to one server. Truth Social is dead. Lots of ads though, that’s a fact.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

He better dump all that stock before it almost certainly crashes and burns or he sure won’t be able to use those billions.

fox2263 ,

BuT hEs a BilLIioNaIRE

Burn_The_Right ,

Jared Kushner is holding the $2 billion the Saudis paid for the secrets Trump sold them. If Trump ever agreed to actually pay such a high fine, the money would come from Jared’s shell company.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Or Jared and Ivanka got what they wanted out of Trump and don’t care about him anymore.

Notice they haven’t been campaigning with him.

Burn_The_Right ,

I think they are scared to be seen with him. They see his path to prison and have a real shot at keeping his $2 billion.

Pretzilla ,

I think he’s just ‘managing’ that $2B. So he gets to play with it and probably keep part of the gains plus a quarterly fee or something like that.

Maybe they let him ‘invest’ it how he likes so he’s free to ‘invest’ it in his FIL’s risky legal schemes.

PeckerBrown ,

Putin still has kneepads.

TWeaK ,

Can he secure a bond? Would any of them front the money?

In the past he hasn’t used bond services, the question is whether he is too cheap or whether they wouldn’t give him credit. I think the latter.

Riccosuave ,
@Riccosuave@lemmy.world avatar

The other problem for him is that he is likely going to be barred from securing financing from any New York based financial institutions as he is facing down a lifetime ban from conducting business in the state along with disincorporation.

That leaves him with an even bigger problem, which is that taking money from an outside financial entity that is controlled by another state actor would potentially further disqualify him from office under the emoluments clause.

hitmyspot ,

Yes, he seems a stickler for the rules, this guy.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

That leaves him with an even bigger problem, which is that taking money from an outside financial entity that is controlled by another state actor would potentially further disqualify him from office under the emoluments clause.

I would agree with you if he hadn’t violated the emoluments clause in office and nothing was done about it.

brennancenter.org/…/supreme-court-ducks-opportuni…

Riccosuave ,
@Riccosuave@lemmy.world avatar

I know, but my assumption was that because of the significant added civil and criminal scrutiny, as well as the sheer volume of credit that would be necessary there is no way he would be able to sidestep the emoluments clause this time. Perhaps that is wishful thinking, but I doubt it because a personal debt of hundreds of millions of dollars is an animal of a different color.

Argongas ,

There was an interview with E Jean Carroll and her attorney and they claimed Trump had to pay it out pocket for the first defamation fine because no bond company would work with him. That was only for like $5 million.

FuglyDuck ,
@FuglyDuck@lemmy.world avatar

At this point… do you really think some one is gonna loan him millions with out some form of corruption?

Che_Donkey ,
@Che_Donkey@lemmy.ml avatar

Yes.

Every. Single. Rube that still sends him money.

NateNate60 ,

There’s a difference between trying to get a bank loan for hundreds of millions of dollars versus hitting up your supporters for free money.

Trump is a well-known deadbeat in the financial world. Every bank in the Western world knows that he’s not good for it.

On the other hand, I would be shocked if he manages to raise $370 million from his supporters, who aren’t all exactly rich. The total raised by his 2020 presidential campaign was $774 million. So this bond would eat up nearly half of his campaign money.

Trust me, if Biden manages a 2:1 financing advantage, Trump is going to get steamrolled.

TWeaK ,

These days I doubt even HSBC would loan him money.

Che_Donkey ,
@Che_Donkey@lemmy.ml avatar

2016 should have taught you never to underestimate stupidity.

Yes, if Biden has 2:1 advantage that would be good, but history has taught mw the Dems reeeeallly don’t know how to market themselves properly.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • [email protected]
  • random
  • lifeLocal
  • goranko
  • All magazines
    •