Trump faces a $370m fine in New York fraud trial. How would he pay it?
Trump faces a $370m fine in New York fraud trial. How would he pay it?
Judge Arthur Engoron is expected to rule in Trump's civil fraud trial. The fine could be steep.
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.
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.
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.
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.
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.
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
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).
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.
Just remember: "SoCiAlIsM bAd!" (Just for us though)
Oh and the ol' GOP motto: "People need to take responsibility for their own actions!"
That and nfts bro
And now… sneakers?
Well’s dry. The RNC only has $8 million in cash on hand.
Putin still has kneepads.
BuT hEs a BilLIioNaIRE
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.
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.
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.
Yes, he seems a stickler for the rules, this guy.
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.
At this point… do you really think some one is gonna loan him millions with out some form of corruption?
Yes.
Every. Single. Rube that still sends him money.
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.
"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
He will use the billions he’s about to make by going public with truth social.
Trump is back!
In pog form!
For the youngings: https://www.reddit.com/r/OutOfTheLoop/comments/3dyh6j/what_is_alf_is_back_in_pog_form_come_from_and/
Yes most comedy from dads are just quotes from the Simpsons.
Couldn't have happened to a nicer guy. /s
So, I've seen $300m, $350m, and now $370m. Which is it?
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.
Jared uses his $2B Saudi slush fund to buy $1B of Truth Social stock at current prices. Totally legal. Nothing to see here. Problem solved.