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Trump is suddenly in need of a lot of cash. That’s everyone’s problem. (www.vox.com)

submitted 8 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

71 comments fedilink hide all child comments

Two recent verdicts have now left Donald Trump on the hook for nearly half a billion dollars.

On Friday, a New York judge handed the former president a $355 million penalty, and banned him from serving in a leadership position in any business in New York for three years, for fraudulently inflating his net worth to lenders in order to receive more favorable loan agreements. And in January, a Manhattan jury ordered Trump to pay the writer E. Jean Carroll $83.3 million for defaming her after she accused him of raping her. (A separate jury in May had found Trump liable for sexually abusing Carroll in the 1990s.)

…

“It’s pretty scary from an ethics perspective,” said Virginia Canter, the chief ethics counsel at the Citizens for Responsibility and Ethics in Washington, a nonpartisan watchdog group that has chronicled Trump’s abuses of power and filed lawsuits against him.

You don’t have to look far to find the reasons why. Trump’s first term was riddled with conflicts of interest, and that’s in no small part because of his financial well-being (or lack thereof, depending on how you look at it). At the time that he tried to overturn the 2020 election, he was hundreds of millions of dollars in debt, largely stemming from loans to help rehabilitate his struggling businesses, and most of which would be coming due over the subsequent four years. Throughout his presidency, he refused to divest from his businesses, which made millions of dollars in revenue from taxpayers and continued to do work with other countries while he was in office — a practice he indicated he would repeat in a second term.

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[-] cabron_offsets@lemmy.world 29 points 8 months ago

Jfc, I’m so tired of this shit.

[-] generichate1546@lemmynsfw.com 9 points 8 months ago

Jesus Christ on a cracker...I'm going to laugh my ass off at the first moron wearing these

[-] x4740N@lemmy.world 9 points 8 months ago

I'm going to feel sorry for the parents that force their children to wear these

[-] JonEFive@midwest.social 2 points 8 months ago

If you know anything about sneaker-heads, you know they don't often wear their very expensive sneakers.

Which makes these things even more stupid. But you and I aren't the target demographic for throwing $400 in a trash can.

[-] generichate1546@lemmynsfw.com 2 points 8 months ago

I know I don't wear my USA made Vans I bought when I was young nor do I wear my North Face Vans....but I couldn't be bothered to think about that trash..hell of but hitops and spray paint them gold first, if I was into that sort of thing.

this post was submitted on 17 Feb 2024

378 points (95.7% liked)

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