this post was submitted on 17 Feb 2024
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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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[–] girlfreddy@lemmy.ca 57 points 2 years ago

Over the last two years, Trump’s Save America political action committee, his presidential campaign and his other fundraising organizations have devoted $76.7 million to legal fees. Campaign finance experts expect Trump will try to spend PAC money to defray the cost of his judgments in some way.

“The likelihood of the Federal Election Commission in its current configuration pursuing these violations is not terribly great,” said Daniel Weiner, director of the Brennan Center’s Elections and Government Program.

Then the Federal Election Commission needs a complete overhaul ... which will never happen but, one can wish it would anyway.

[–] uphillbothways@kbin.social 39 points 2 years ago

Of course not. Rich people are fucking weasels. How do you think they get rich? They weasel the system. They weasel the profits of other people's productivity. They leave death and chaos in their wake. They lie, cheat, steal and rewrite the rules to suit them.

[–] ChihuahuaOfDoom@lemmy.world 32 points 2 years ago

It doesn't matter if he "has to", he won't, period. Somehow this man is the real life opposite of the Lannisters, a Trump never pays his debts.

[–] FlyingSquid@lemmy.world 23 points 2 years ago

Of course not. He has plenty of people willing to pay it on his behalf.

[–] Rapidcreek@lemmy.world 12 points 2 years ago

The court taking assets in lieu of payment would be very painful for that guy.

[–] Philharmonic3@lemmy.world 11 points 2 years ago (1 children)
[–] dojan@lemmy.world 15 points 2 years ago

Both is good.

[–] gedaliyah@lemmy.world 8 points 2 years ago

Oh really? The reality tv star offered to pay you in “exposure?” Huh how sad for you and completely unpredictable