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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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.