this post was submitted on 17 Feb 2024
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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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[–] dephyre@lemmy.world 92 points 1 year ago* (last edited 1 year ago) (6 children)

Good thing he launched a sneaker line today, that'll really turn things around.

[–] FlyingSquid@lemmy.world 35 points 1 year ago (4 children)

The line, called Trump Sneakers

...

The high tops, which are gold and emblazoned with a "T" on the outside of each shoe, are called the "Never Surrender High Top Sneaker" and are priced at $399 online. The athletic shoes, which feature a "T" and the number 45 on the sides are priced at $199.

This man (and whoever he works with) does not have an ounce of creativity in his entire body.

[–] partial_accumen@lemmy.world 28 points 1 year ago (2 children)

"Never Surrender "

Wasn't that Desantis's tag line before he...well.. surrendered?

[–] FlyingSquid@lemmy.world 21 points 1 year ago

It was also Trump's tagline sold on T-shirts under the mugshot shot picture that was taken when he surrendered to the police.

[–] CharlesDarwin@lemmy.world 10 points 1 year ago

These dumbfucks are wearing shirts that commemorate his literal surrender, bearing the slogan "never surrender". They are fucking stupid, in other words.

[–] CharlesDarwin@lemmy.world 5 points 1 year ago

For the dumbasses that are going to buy and wear these to virtue signal to other dumbasses, no creativity is needed. These are the people that think it's a real knee-slapper to wear "Let's Go Brandon" gear (or "Fuck Your Feelings" or "Trump that Bitch" or....).

If they are spending lots of money to "own the libs" - which really means signal to all family and friends, as well as strangers to stay TF away from them - they are going to spend it on any form of obvious dreck like this.

[–] CraigeryTheKid@lemm.ee 4 points 1 year ago (1 children)

Really awkward that Jordan's second number was 45

[–] 4am@lemm.ee 9 points 1 year ago (1 children)

Be pretty funny if Nike held a trademark for sneakers with a 45 on them for that reason…

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[–] psycho_driver@lemmy.world 4 points 1 year ago

Fuck me, one of my daughters was randomly assigned #45 for club volleyball this season. Didn't even think about it but now I feel dirty.

[–] cabron_offsets@lemmy.world 27 points 1 year ago (1 children)

Jfc, I’m so tired of this shit.

[–] generichate1546@lemmynsfw.com 9 points 1 year ago (3 children)

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

[–] x4740N@lemmy.world 7 points 1 year ago

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

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[–] KLISHDFSDF@lemmy.ml 13 points 1 year ago
[–] ivanafterall@kbin.social 8 points 1 year ago

What do you even say, at this point. Holy hell.

[–] FlyingSquid@lemmy.world 7 points 1 year ago

Wow. I just-

Wow.

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[–] TropicalDingdong@lemmy.world 39 points 1 year ago (3 children)

Its really not my problem.

[–] ptz@dubvee.org 40 points 1 year ago (1 children)

If you're not a US citizen, then I guess it's not your direct (financial) problem.

Otherwise, I think the point of the article is that, if re-elected, he's going to grift even harder than the first time by funneling even more taxpayer money into his businesses.

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

[–] TropicalDingdong@lemmy.world 9 points 1 year ago (1 children)

If re-elected we've all of a sudden got so many more problems, his grift falls way down the list. I'm would be more concerned about ever having an election again if Trump gets back into power than I am if he self-enriches while in office.

Him being further in debt, real debt that he actually has to put up money to deal with is absolutely fantastic. It puts him in a weaker, less flexible position for bullshit going into he election. His corruption will be on full display as he robs Peter to pay Paul.

This article is a bit of a gaslight. Its really not our problem. Him being elected again is a much bigger problem. Him having to pay up on these debts makes that harder.

[–] workerONE@lemmy.world 4 points 1 year ago

He was trying to get a Trump Tower in Moscow and pretty much bowing down to Putin and trying to break up NATO to help Russia. He'll do anything for money, it's a big problem

[–] ME5SENGER_24@lemmy.world 18 points 1 year ago (1 children)

Seriously! If I’m broke and owe people money is Trump gonna come and help me out? If not, that fucker can lie in the bed he’s made. If he can’t afford to pay, garnish his wages. At the end of the day, Trump is a regular citizen. Whether he accepts it or not is irrelevant to the facts. He might be rich (or once was) and is used to the silver spoon lifestyle, but why should that matter to me? The closest I’ll get to “silver spoon” is stainless steel. The closest this dude should get to compassion is the warm embrace of a guillotine.

[–] DreamerofDays@kbin.social 3 points 1 year ago (1 children)

When in his almost eighty years on this planet has he ever acted or been treated like a regular citizen? Regardless of what should be, and what should have been, he isn’t normal. He is, by luck, by practice, and by preternatural talent, always evading consequences.

Those he cannot evade, he deflects onto others. So this moment of extraordinary , if his pattern holds, will also be extraordinarily laid upon others. If the GOP doesn’t find a way to remove it for him, and he doesn’t win the presidency, they know they’re in line to be footing the bill. If he does win the presidency, he’ll either evade(saying the president cannot be beholden to such a punishment and serve) or deflect, and through internal graft or external selling of favor, we’ll all end up paying his bill.

This isn’t an argument to feel sorry for him, nor to soften the judgment against him. This is an argument to be wary that he is still the same person he was before the judgment, and is likely to be as conniving as he has always been, if not the more so if he feels cornered by it.

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[–] Milk_Sheikh@lemm.ee 36 points 1 year ago* (last edited 1 year ago) (2 children)

So I went to the Saudis - lovely people by the way with the best camels, just amazing - and I said hey, I’ve got this problem with a judge and I need half a billion. And they said ‘Donald, don’t worry about it, we got you’ and that’s how I got rid of those crooked Democrats and their election interference case

We are about to witness either;

  • An epic fire sale of Trump world assets to cover this judgment bill
  • Donald trying to weasel out of this, as long as the courts allow
  • The biggest foreign influence operation this country has ever seen
[–] Shalakushka@kbin.social 15 points 1 year ago (1 children)

My bet is on the latter 2 at the same time

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[–] riodoro1@lemmy.world 8 points 1 year ago

He’s not gonna pay shit and we’re well on our way to forgetting about it. As soon as the papers stop asking the judge will lower the sentence or some shit. The courts are for us, not for them.

[–] PeckerBrown@lemmy.world 27 points 1 year ago (1 children)

I really don't care, do u?

[–] linearchaos@lemmy.world 9 points 1 year ago (1 children)

No, I really do honestly. He needs to be out, gone, out of the media's eye. He'll just bleed some more off his upper middle class and his lower lower class. If he does manage to make it back in He's going to owe a whole bunch of people a whole bunch of favors and most of what they want from him are going to qualify as human rights violations.

[–] PeckerBrown@lemmy.world 8 points 1 year ago

That was a Melania Trump quote from a coat she wore, and yeah, I very much do care.

[–] ech@lemm.ee 25 points 1 year ago* (last edited 1 year ago) (3 children)

We really think he wouldn't have sold out the country before this? This is basically an argument that we shouldn't hold Trump accountable because he might do something rash or lash out. Fuck that and fuck him. He shouldn't get special treatment. Throw the book at him.

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[–] Dagwood222@lemm.ee 13 points 1 year ago (6 children)

The funniest thing is that he could have replenished his coffers on Inauguration Day with one phone call to the Saudi embassy.

"Hey, here's the deal. $20 billion in my account by tomorrow night, or I call for the Green New Deal AND accuse you guys of being part of 9/11."

Even Fredo Corleone could have handled that.

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[–] Harpsist@lemmy.world 13 points 1 year ago* (last edited 1 year ago) (1 children)

I hope he sold those national secrets for more then half a billion.

Edit: no I don't.

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[–] Rapidcreek@lemmy.world 12 points 1 year ago

I note that Musk was in West Palm yesterday.

[–] CharlesDarwin@lemmy.world 9 points 1 year ago

I wish all of tiny d's problems were just his. He should be headed to prison and his dumb ass given zero platform.

[–] JeeBaiChow@lemmy.world 5 points 1 year ago

That's nothing. In Malaysia the former pm claimed the house of Saud donated several hundred million to his campaign coffers just before our 14th general election. Maybe denigrating anyone not christian or white was not a good idea.

[–] robocall@lemmy.world 5 points 1 year ago

His supporters will give him any money he needs.

[–] spider@lemmy.nz 5 points 1 year ago* (last edited 1 year ago) (1 children)

From Thursday:

Donald Trump has doubled down on his threat to undermine Nato, saying "we're not going to protect" allied countries he believes do not pay enough to maintain the alliance if he returns to the White House next year.

Meanwhile, this f**king deadbeat gets Secret Service protection for life, funded by U.S. taxpayers.

[–] sin_free_for_00_days@sopuli.xyz 4 points 1 year ago (1 children)

Sure would save us some money if we'd throw the crook in jail. I know he'd still have SS there, but I'd imagine it would be way cheaper.

[–] spider@lemmy.nz 4 points 1 year ago

Factoring in the number of people who claim they'll piss on his grave, they might need SS there, too.

[–] brygphilomena@lemmy.world 3 points 1 year ago (1 children)

Jesus. If I had an employee like him, YOUR FIRED!!

If you had an employee like him, you'd just laugh at the useful idiot while having Navalny killed in jail.

[–] autotldr@lemmings.world 3 points 1 year ago

This is the best summary I could come up with:


Together, the damages from these two lawsuits are worth more than the amount of cash Trump claimed to have on hand last April, potentially putting him in a financial bind as he also faces debt repayments and mounting legal fees.

But Trump isn’t just one of the country’s richest men, with an estimated net worth in the low billions; he’s also running to serve a second term as president of the United States.

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.

To believe that the potential for that kind of revenue could not influence Trump’s agenda, or even travel itinerary, would require an extraordinary level of trust in the former president — something most voters don’t have.

After his former lenders cut ties with him in the aftermath of the January 6 insurrection, for example, Axos Bank, whose CEO is a Republican donor, swooped in and loaned the former president some $225 million, helping Trump shore up his finances.


The original article contains 1,635 words, the summary contains 238 words. Saved 85%. I'm a bot and I'm open source!

[–] foggy@lemmy.world 3 points 1 year ago (2 children)

False. This is not my problem.

[–] overzeetop@lemmy.world 21 points 1 year ago (1 children)

A man commanding the largest military on the planet who is in substantial personal debt and has no moral compass of any type is, unfortunately, everyone’s problem.

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[–] cabron_offsets@lemmy.world 3 points 1 year ago

It is, tho.

[–] NewPerspective@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

Billion dollar loser... AGAIN

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