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Fox News host blasts billionaires not paying Donald Trump's bills (www.newsweek.com)

submitted 7 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

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Fox News host Mark Levin has called out billionaires for not paying Donald Trump's legal bills after the former president's legal team said paying his $400 million New York civil fraud penalty would be "a practical impossibility."

Trump is seeking a bond of $464 million to cover his fines and a stay in the execution of the monetary portion of the civil trial ruling after Judge Arthur Engoron ruled in February that Trump must pay $355 million for committing fraud. The New York court held that Trump and top executives at The Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers. With interest, the full payment will be roughly $454 million. Trump's lawyers are appealing the verdict.

On Monday, the Republican suffered a setback after Trump's legal team admitted in a court filing that it is a "practical impossibility" for him to make the $464 million payment and requested a stay pending the outcome of an appeal process. His team had contacted 33 companies to try to secure funding.

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[-] CaptainSpaceman@lemmy.world 3 points 7 months ago

All his properties are inflated values, thats the Russian money laundering scheme at work.

[-] Evilcoleslaw@lemmy.world 7 points 7 months ago

All of them are likely highly leveraged already as well.

[-] Tar_alcaran@sh.itjust.works 4 points 7 months ago

Sell 20 million bucks of property, debt grows by 1780 million bucks.

[-] CaptainSpaceman@lemmy.world 2 points 7 months ago

For sure, catshit wrapped in dogshit

this post was submitted on 20 Mar 2024

285 points (95.0% liked)

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