Former president Donald Trump has been fined just under half a billion dollars by two judges in two separate cases.
The democrats are doing everything they can to bankrupt Trump ahead of the 2024 election and stop him from taking back the White House.
While Joe Biden claims he is not behind the lawsuits or indictments against Trump, several prosecutors met with Biden administration officials before three of the indictments.
The fines against Trump amount to more than $430 million.
New York civil fraud case: More than $355 million
E. Jean Carroll’s defamation case: $83.3 million
Trump says he will appeal the rulings.
While cases against Trump can be reversed on appeal, such legal cases impact Trump’s 2024 candidacy.
ABC reported:
While Trump’s donors have largely footed the bill for his campaign expenses — with Trump’s political committee spending more than $50 million on his campaign in 2023 — the legal cases present a stickier challenge for Trump, who has built a reputation around his wealth. Courts allow defendants multiple mechanisms to collect damages, including liens and wage garnishments, and the fines are not dischargeable through traditional protections like bankruptcy.
Multiple legal experts who ABC News spoke with suggested that Trump is unlikely to front the fines immediately, and will instead opt to delay any payment using a bond secured by his assets until after he exhausts his appeal options.
Last year, Trump said his company had more than $400 million in cash when he was deposed in the New York civil fraud case.
NBC News reported:
Judge Arthur Engoron ordered the former president and the Trump Organization to pay over $354 million in damages, and barred Trump “from serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years,” including his namesake company.
New York Attorney General Letitia James, whose office brought the case, said that with pre-judgment interest, the judgment totals over $450 million, an amount “which will continue to increase every single day” until the judgment is paid.
“Donald Trump is finally facing accountability for his lying, cheating, and staggering fraud. Because no matter how big, rich, or powerful you think you are, no one is above the law,” James said in a statement.
James called the ruling “a tremendous victory for this state, this nation, and for everyone who believes that we all must play by the same rules — even former presidents.”
Trump called the ruling “an illegal, unAmerican judgment against me, my family, and my tremendous busines,” in a post on Truth Social.
“This ‘decision’ is a complete and total sham,” he wrote.
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