Fox News hostĀ Mark LevinĀ has called out billionaires for not payingĀ Donald Trumpā€™s legal bills after the former presidentā€™s legal team said paying his $400 millionĀ New York civil fraud penaltyĀ would be ā€œa practical impossibility.ā€

Trump is seeking a bond of $464 million to cover his fines and a stay in the execution of the monetary portion of the civil trial ruling after JudgeĀ Arthur EngoronĀ ruled in February that Trump must pay $355 million for committing fraud. The New York court held that Trump and top executives at The Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers. With interest, the full payment will be roughly $454 million. Trumpā€™s lawyers are appealing the verdict.

On Monday, theĀ RepublicanĀ suffered a setback after Trumpā€™s legal team admitted in a court filing that it is aĀ ā€œpractical impossibilityā€Ā for him to make the $464 million payment and requested a stay pending the outcome of an appeal process. His team had contactedĀ 33 companies to try to secure funding.

  • Gingerlegs@lemmy.world
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    3 months ago

    Why doesnā€™t he just pick himself up by his bootstraps and get the 450 million going, lazybones

      • thefartographer@lemm.ee
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        3 months ago

        Being a billionaire just isnā€™t worth it anymore. Nowadays, anyone can create a billion using AI. Sure, real billionaires and billionaire fans can tell the difference, but itā€™s convincing enough that most people donā€™t even care if itā€™s artificially created billions. Whatā€™s even the point now?

        • dhork@lemmy.world
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          3 months ago

          I mean, they call anyone with 16,000 Bitcoin a Billionaire these daysā€¦

    • AdamEatsAss@lemmy.world
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      3 months ago

      Didnā€™t he already turn a small $1million loan into a billion dollar empire. Surely, he could turn whatever he has now into the small amount of $450 million

      • mosiacmango@lemm.ee
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        3 months ago

        Yeah, of course like everything else that lie is also full of lies. The ā€œsmall loanā€ was actually 70 million dollars, and then he inherited 450 million on his fathers death. If he had put that in a total stock market fund and done nothing at all, he would have something like 13 billion dollars. Instead, he may or may not have 2-4 billion in total assets.

        • whotookkarl@lemmy.world
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          3 months ago

          I donā€™t know if the inheritance is public record but I thought the 70 mil was his inheritance and his brother got the lionā€™s share until his brother died and passed it on to Donald.

        • Eatspancakes84@lemmy.world
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          3 months ago

          I mean thatā€™s really not fair. If he had invested in the stock market he would have had 13 billion that could be sold at any time without any significant loss of value. On the other hand, his real estate is probably worth less than a billion in a fire sale.

      • Notyou@sopuli.xyz
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        3 months ago

        Someone at work was telling me about this channel. I should look up more videos. Thanks for reminding me.