Donald Trump is facing a pair of major legal verdicts in New York that risk wiping out most — if not all — of the cash the billionaire says he has on hand, a potential blow to the presidential candidate whose persona is tied up with financial success and wealth.
Trump on Friday was ordered by a jury to pay $83.3 million to writer E. Jean Carroll for defaming her in 2019 when he denied her sexual-assault allegation. On top of that, a verdict is expected this week in New York’s civil fraud trial, which seeks the return of $370 million in “illegal profits” Trump allegedly made by lying to banks about his wealth to get better terms on loans.
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The timing couldn’t be worse as the likely Republican nominee for the November presidential election already faces mounting legal bills after being charged with 91 criminal offenses in four criminal prosecutions. Trump’s cash and his overall wealth are separate from his campaign finances, which by all accounts are still strong, but that money can’t be used to finance these verdicts.
They’re already giving him money hand over fist anyway.
He’s been yelling about his Schrodinger’s bank account for years, somehow both full because he’s such a “successful businessman” while at the same time being completely empty because of the “evil liberals” and their “politically motivated” trials.
His supporters eat that shit up, idolizing him because he’s rich and donating to him because he’s broke.
I think it’s wonderful. They are giving everything to a guy who is basically setting their money on fire, meanwhile the GOP is basically broke in several states because everyone gives directly to him instead of the party.
As long as he loses, I think Republicans are going to be hurting for a while when it comes to individual donors.
They also lost the Russia>>NRA>>GOP pipeline.
Being poor doesn’t stop people from voting though. In fact being broke because you’ve given everything to conmen who tell you it’s the other people’s fault may actually increase votership of those people.