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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[–] [email protected] 45 points 6 months ago* (last edited 6 months 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
[–] [email protected] 17 points 6 months ago (1 children)

My bet is on the latter 2 at the same time

[–] [email protected] 3 points 6 months ago

My bet is Voronizh budget will be cut in half. Also Trump will get donation of half the Voronezh's budget.

[–] [email protected] 9 points 6 months 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.