Trump will likely run out of legal defense funds by summer, report says

MicroWave@lemmy.world to politics @lemmy.world – 551 points – Trump will likely run out of legal defense funds by summer, report says
businessinsider.com

Former President Donald Trump will likely run out of legal defense funds this summer, Bloomberg reported.

In 2023, Trump spent $51.2 million on legal costs and has a further $23.5 million available for lawyers' fees — but that source of money will likely dry up around July, the report said.

The ex-president may now be forced to turn to a few undesirable options to cover his costs.

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He can't appeal without bonding the full amount and nobody was willing to bond the 5 million he got hit with last year. Looks a lot like he just has to put up the cash.

I can't see him doing this... he's going move money his money to somewhere he thinks the government can't get it and declare bankruptcy.

He's gonna go full Alex Jones.

He has a monitor overseeing him. Too late for any shenanigans.

Right... forgot about that. But I feel like that just limits his shenanigans and hes got a lifetime of experience at shenanigans. I dunno really, but I'm not betting against Trump's crook skills.

Regardless. He cannot appeal without putting up the money or a collateralized bond.

He's already had to put up $5.5 mil that he couldn't weasel out of.

Trump has already deposited $5 million owed to Carroll for the first defamation case into a court-controlled account, along with an additional $500,000 in interest required by New York law. Carroll will not have access to the funds until the appeals process plays out.

He may soon be forced to do the same for the $83.3 million judgment in the second Carroll verdict. Alternatively, he could secure a bond and pay only a portion up front — though that option would come with interest and fees and likely require some form of collateral. Trump would have to find a financial institution willing to front him the money.

https://apnews.com/article/trump-fraud-carroll-fines-82d423b8e7a7f9a32470729c5f4410e5

Yeah $5M for the publicity of an appeal which he'll likely lose, that he'll pay. When it's hundreds of millions, which he may not even have the full amount? He's gonna Alex Jones that shit.