Trump scrambles for cash as huge legal fees leave little for battleground campaign: report
7 months, 3 weeks ago

Trump scrambles for cash as huge legal fees leave little for battleground campaign: report

Raw Story  

If fundraising or other means of getting cash falters, Donald Trump is close to running out of funds to pay his legal bills as his New York hush money criminal trial continues, according to a new report. Trump is racking up significant legal bills as the trial, where he's accused of falsifying business records to cover up a hush money payment to adult movie star Stormy Daniels, enters into its second week. Speaking to Newsweek, University of Nottingham political science professor Todd Landman said that while "it is not clear that he will run out of money," Trump will be paying "substantial legal fees" in the coming weeks. "Trump is managing four legal cases at present, each of which incurs legal fees for preparation of his defense, filing motions, and in the case of the Manhattan trial, representing him at trial four days a week," he said. Funneling so much cash to legal fees could also drastically effect Trump's campaign, said another University of Nottingham professor, Christopher Phelps.

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History of this topic

Trump Sends Another $4.3 Million Of Donors’ Money To His Lawyers
2 weeks, 3 days ago

Trump Sends Another $4.3 Million Of Donors’ Money To His Lawyers

Huff Post  

LOADING ERROR LOADING WASHINGTON – Self-described billionaire Donald Trump sent another $4.3 million collected from his donors to his lawyers in the weeks surrounding the Nov. 5 election. That raises the total his “Save America” committee ― ostensibly created to help like-minded Republicans win elections ― spent on the attorneys handling Trump’s various criminal and civil cases to $90.8 million, …

Trump seeks to have $464 million civil fraud ruling quashed for the 'good of the country'
3 weeks, 5 days ago

Trump seeks to have $464 million civil fraud ruling quashed for the 'good of the country'

Firstpost  

Trump’s lawyers filed a letter Tuesday with New York attorney general Letitia James, who brought the proceeding against the president-elect for manipulating his assets when applying for loans and insurances Donald Trump has sought to have a civil judgment against him for fraud and a $464 million penalty set aside “for the greater good of the country” as he prepares …

With trials pushed back, Trump sees first big dip in legal bills
4 months, 3 weeks ago

With trials pushed back, Trump sees first big dip in legal bills

Associated Press  

WASHINGTON — As former President Donald Trump faces a supercharged Democratic fundraising effort, a persistent drag on his campaign’s coffers may be easing: legal expenses. A new report shows that the Save America political action committee paid about $827,000 in June for Trump’s legal bills — the first time a monthly total has dipped below $1 million in two years. …

Trump’s dark money gets darker: How campaign finance loopholes help his criminal cases
6 months ago

Trump’s dark money gets darker: How campaign finance loopholes help his criminal cases

Salon  

Presidential races spent $2.4 billion in 2000. A Bloomberg News analysis of the Federal Election Committee showed that “Senate candidates got 64.8% of their donations from givers outside their home states from January 2021 through Sept. 30, 2022, up from 53.6% over the same period in the run-up to the 2018 midterms.” During the same period the House campaigns “saw …

Trump's primary cash source for legal defense fund is 'dwindling' as bills pile up: report
6 months ago

Trump's primary cash source for legal defense fund is 'dwindling' as bills pile up: report

Raw Story  

Donald Trump's so-called "witch trials" are costing him big bucks. They include Save America paying more than half a million dollars to Chris Kise, who has worked on both the hush money and classified documents cases, and $390,000 to John Lauro, who worked on the election interference case. The PAC also paid $174,000 to James Otis Law Group LLC, the …

Trump cashes in on legal woes as GOP decimates Biden's massive fundraising lead
6 months ago

Trump cashes in on legal woes as GOP decimates Biden's massive fundraising lead

Raw Story  

Donald Trump's trial and eventual conviction on dozens of felony counts in his hush money case didn't hamstring the former president's fundraising efforts, instead proving a boon for him and the party — and shrinking President Joe Biden's fundraising lead as the two head into a key first debate next week. Trump’s presidential campaign, the Republican National Committee and an …

Trump immediately starts fundraising off guilty verdict in criminal case
6 months, 3 weeks ago

Trump immediately starts fundraising off guilty verdict in criminal case

Raw Story  

Former President Donald Trump was found guilty on all 34 counts in the New York trial that has left him officially a convicted felon. The New York Daily News reported earlier this week that Trump has spent nearly $5 million in legal fees in the month of March alone. The Brennan Center for Justice revealed earlier this month that legal …

Trump's staggering legal debts come to light in new campaign filings
7 months ago

Trump's staggering legal debts come to light in new campaign filings

Raw Story  

The extent of Donald Trump staggering legal costs came to light in recent filings with the Federal Election Commission. The filings show the Save America leadership PAC, which Trump has used as a legal slush fund, owes $1.1 million to five different law firms and last month paid nearly $3.3 million more for legal consulting, with its biggest debt – …

Trump’s $175 million bond in New York civil fraud judgment case is settled with cash promise
8 months ago

Trump’s $175 million bond in New York civil fraud judgment case is settled with cash promise

Associated Press  

NEW YORK — New York state lawyers and an attorney for former President Donald Trump settled their differences Monday over a $175 million bond that Trump posted to block a large civil fraud judgment while he pursues appeals. The bond stops the state from potentially seizing Trump’s assets to satisfy the more than $454 million that he owes after losing …

Trump claims record-busting $50m haul from single Palm Beach fundraiser
8 months, 2 weeks ago

Trump claims record-busting $50m haul from single Palm Beach fundraiser

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Other guests included Woody Johnson, Mr Trump’s former …

'Are they giving?' Trump hounding staffers to raise cash quickly as legal bills pile up
8 months, 2 weeks ago

'Are they giving?' Trump hounding staffers to raise cash quickly as legal bills pile up

Raw Story  

Donald Trump is pinning his hopes on a major haul at a gala fundraiser in Palm Beach on Saturday night as he falls farther behind President Joe Biden in the race for presidential election campaign cash. Despite Trump's people putting on a happy face about their fundraising efforts, the Post is reporting, "Trump’s campaign finance reports in recent months have …

Donald Trump posts $175m bond in civil fraud case
8 months, 3 weeks ago

Donald Trump posts $175m bond in civil fraud case

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump posted a $175m bond on Monday in his …

Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty
8 months, 3 weeks ago

Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty

Associated Press  

NEW YORK — Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. Until the appeals court intervened to lower the required bond, New …

Trump spent $90K-a-day on legal fees since 2020 — and none of it was his money: analysis
8 months, 3 weeks ago

Trump spent $90K-a-day on legal fees since 2020 — and none of it was his money: analysis

Raw Story  

Donald Trump has spent more than $100 million on lawyers and other legal costs associated with the various lawsuits and criminal charges filed against him, according to a new analysis. Trump renamed his 2020 committee to "MAGA PAC" and started using that money to pay for his post-presidential political operation and then his various legal teams, and Save America PAC …

Donald Trump faces big legal day in hush-money trial and a deadline to post $454mn bond
8 months, 4 weeks ago

Donald Trump faces big legal day in hush-money trial and a deadline to post $454mn bond

Hindustan Times  

Donald Trump will ask a judge on Monday to delay or dismiss his trial on charges stemming from hush money paid to a porn star, citing thousands of pages of potential evidence about witness Michael Cohen that prosecutors turned over only weeks ago. Donald Trump faces a deadline on Monday to cover a $454 million civil fraud judgment for manipulating …

Donald Trump lashes out as clock runs down on his $464m bond payment
8 months, 4 weeks ago

Donald Trump lashes out as clock runs down on his $464m bond payment

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, Mr Trump has claimed on his social media platform, Truth Social, that he …

Trump says he has nearly $500 million in cash but doesn’t want to use it to pay New York judgment
9 months ago

Trump says he has nearly $500 million in cash but doesn’t want to use it to pay New York judgment

Associated Press  

NEW YORK — Donald Trump claimed on Friday to have almost a half-billion dollars in cash but said he’d rather spend it on his presidential run than on the $454 million civil fraud judgment against him in New York. Trump’s lawyers asked the state’s intermediate appeals court to reverse a prior ruling requiring that he post a bond covering the …

'That's not the actual amount': Trump's lawyers scramble to explain $500M boast
9 months ago

'That's not the actual amount': Trump's lawyers scramble to explain $500M boast

Raw Story  

Former President Donald Trump's lawyers are scrambling to explain away his $500 million boast, posted to Truth Social Friday morning, after they said in court filings their client couldn't come up with that kind of cash, according to a new report. Trump's attorneys told CNN reporter Kara Scannell Friday morning that Trump's all-caps claim that he currently has almost $500 …

Key questions as Trump hurtles toward Monday deadline to pay $454 million fraud penalty
9 months ago

Key questions as Trump hurtles toward Monday deadline to pay $454 million fraud penalty

Associated Press  

NEW YORK — Donald Trump is hurtling toward a critical deadline in his most costly legal battle to date. If the former president doesn’t come up with a financial guarantee by Monday, New York’s attorney general can start the process of collecting on the more than $454 million Trump owes the state in a civil fraud lawsuit. If Trump isn’t …

Trump facing 'nightmare' scenario as he races clock to raise a half billion dollars
9 months, 3 weeks ago

Trump facing 'nightmare' scenario as he races clock to raise a half billion dollars

Raw Story  

With the clock ticking and interest piling up by the day, Donald Trump faces a "nightmare" scenario where he has only about three weeks to come up with approximately a half billion dollars just to appeal a ruling from Judge Arthur Engoron that some legal experts claim he has no chance of winning. With the former president having to come …

Trump's 'desperation for cash' on full display after $100 million offer flops: biographer
9 months, 3 weeks ago

Trump's 'desperation for cash' on full display after $100 million offer flops: biographer

Raw Story  

According to investigative reporter and Donald Trump biographer David Cay Johnston, the former president's attempt to post an appeals bond that was not even one-fourth of the amount he needs to put up as he fights a $464 million judgment is more proof that he is not nearly as rich as he has claimed for years. According to the author …

'If he wins all this stuff goes away': Trump sees White House as only shot at survival
9 months, 3 weeks ago

'If he wins all this stuff goes away': Trump sees White House as only shot at survival

Raw Story  

Donald Trump doesn't have to be goaded into making fundraising calls now that his legal bills are skyrocketing. He thinks he’s going to win, and he believes that if he wins, all this other stuff gets taken care of.” Trump insists he's got enough cash and assets to pay the fines and $50 million in associated legal bills, and some …

Donald Trump appeals $454 million judgment in New York civil fraud case
9 months, 3 weeks ago

Donald Trump appeals $454 million judgment in New York civil fraud case

The Hindu  

Donald Trump has appealed his $454 million New York civil fraud judegment, challenging a judge’s finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency. The former president’s lawyers filed notices of appeal February 26 asking the State’s mid-level appeals court to overturn Judge Arthur Engoron’s February 16 …

Donald Trump appeals $454 million judgment in New York civil fraud case
9 months, 3 weeks ago

Donald Trump appeals $454 million judgment in New York civil fraud case

Associated Press  

NEW YORK — Donald Trump has appealed his $454 million New York civil fraud judgment, challenging a judge’s finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency. The former president’s lawyers filed notices of appeal Monday asking the state’s mid-level appeals court to overturn Judge Arthur Engoron’s …

Trump officially owes $455m plus $112,000 in daily interest in final fraud ruling
10 months ago

Trump officially owes $455m plus $112,000 in daily interest in final fraud ruling

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Court officials have formally approved a final judgment against Donald …

Trump and his mounting legal expenses : Trump's Trials : NPR
10 months ago

Trump and his mounting legal expenses : Trump's Trials : NPR

NPR  

Trump owes about half a billion dollars in legal penalties — how will he pay for it? Enlarge this image toggle caption Mario Tama/Getty Images Mario Tama/Getty Images This week on Trump's Trials, host Scott Detrow and Domenico Montanaro are joined by a Pulitzer prize-winning journalist and author of three books about Trump David Cay Johnston. Over the course of …

Trump is barreling toward a 'financial disaster' as small donors bail on him: MSNBC host
10 months ago

Trump is barreling toward a 'financial disaster' as small donors bail on him: MSNBC host

Raw Story  

Reacting to plans by Donald Trump to insert his daughter-in-law into the Republican National Committee's leadership, combined with a report that the former president's small donor base has dramatically collapsed, one of the MSNBC "Morning Joe" co-hosts said the former president and the GOP are headed off a cliff. After watching a clip of Lara Trump, the wife of Eric …

Trump faces warning signs that his fundraising prowess may have limits in 2024 campaign
10 months ago

Trump faces warning signs that his fundraising prowess may have limits in 2024 campaign

Associated Press  

WASHINGTON — Donald Trump’s legendary ability to raise massive sums of political cash may be on a collision course with a new and unpleasant reality. “President Trump’s campaign is fueled by small dollar donors across the country from every background who are sick and tired of Crooked Joe Biden’s record-high inflation, wide open border invasion, crime and chaos,” Leavitt said. …

Trump owes $87.5K every day he doesn't pay $355M civil fraud fine: reports
10 months ago

Trump owes $87.5K every day he doesn't pay $355M civil fraud fine: reports

Raw Story  

Donald Trump owes nearly $90,000 for every day he doesn’t pay his $355 million civil fraud trial penalty, according to multiple new reports Justice Arthur Engoron’s “devastating” judgment increases 9 percent every year until it is paid off, according to the New York Daily News. ABC News calculates interest at more than $600,000 every week which, University of Michigan business …

Trump faces half a billion dollars of debt, several court cases; but that may not stop him from becoming US President again
10 months ago

Trump faces half a billion dollars of debt, several court cases; but that may not stop him from becoming US President again

New Indian Express  

Emma Shortis, RMIT University The verdicts keep coming. On Friday, US time, the three-month hearing focused on Donald Trump’s business dealings in New York came to an end. In his judgement, New York Judge Arthur Engoron gave his own insight into the Trump phenomenon, describing what he saw as a “complete lack of contrition and remorse” that “borders on pathological.” …

Trump attorney Alina Habba insists he has a lot of cash and WILL be able to pay the roughly $35million bond on his $355 million fraud verdict in 30 days - but won't say if he will have to sell off his
10 months ago

Trump attorney Alina Habba insists he has a lot of cash and WILL be able to pay the roughly $35million bond on his $355 million fraud verdict in 30 days - but won't say if he will have to sell off his

Daily Mail  

Donald Trump will post on the massive $354 million ruling against him in his New York fraud trial, his lawyer Alina Habba said Monday, amid intense speculation on how he will raise the cash. Judge Arthur Engoron ruled Friday in a 92-page order that Trump must pay the stunning amount in a ruling where he blasted the former president for …

How Trump can appeal his fraud verdict – and if he can afford it
10 months ago

How Trump can appeal his fraud verdict – and if he can afford it

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy After losing a sprawling civil fraud case in New York, …

Here’s a look inside Donald Trump’s $355 million civil fraud verdict
10 months ago

Here’s a look inside Donald Trump’s $355 million civil fraud verdict

Associated Press  

NEW YORK — On the witness stand last year, Donald Trump proclaimed: “I have a lot of cash.” After Friday’s eye-popping penalty in his New York civil fraud trial, he’s going to need it — and maybe more. In addition to the $355 million penalty — payback of what the judge deemed “ill-gotten gains” from his spurious financial statements — …

Trump avoids ‘corporate death penalty’ in civil fraud case, but his business will still get slammed
10 months ago

Trump avoids ‘corporate death penalty’ in civil fraud case, but his business will still get slammed

Associated Press  

NEW YORK — Donald Trump won’t face the corporate death penalty after all. “There’s a big difference between having to sell your assets and a monitor who gets to look over your shoulders.” In his ruling, Engoron banned Trump from serving as an officer or director in any New York corporation for three years, prohibited him from taking out loans …

Trump to pay $355 million for lying about his wealth, New York court rules
10 months ago

Trump to pay $355 million for lying about his wealth, New York court rules

Firstpost  

In a broad civil fraud verdict that pierces Trump’s image as a billionaire but stops short of forcing his real estate empire out of business, a New York judge found that the former president had lied about his wealth for years and ordered him to pay $355 million in penalties. Following a trial in New York Attorney General Letitia James’ …

Donald Trump's New York City fraud trial: How can the former president pay the $354 million fine?
10 months, 1 week ago

Donald Trump's New York City fraud trial: How can the former president pay the $354 million fine?

Hindustan Times  

On Friday, a civil fraud case has resulted in a huge fine of over $354.9 million for Donald Trump, plus another $100m in interest charges. A New York judge has ruled against Donald Trump Friday, Feb. 16, 2024, imposing a $364 million penalty over what the judge said was a yearslong scheme to dupe banks and others with financial statements …

Trump’s legal debts top a half-billion dollars. Will he have to pay?
10 months, 1 week ago

Trump’s legal debts top a half-billion dollars. Will he have to pay?

Associated Press  

NEW YORK — Donald Trump’s legal debts might now exceed a half-billion dollars. A New York judge ordered Trump and his companies Friday to pay $355 million in fines, plus interest, after ruling that he had manipulated his net worth in financial statements. New York Attorney General Letitia James, who brought the case, said the interest payments totaled $99 million …

Trump's legal debts top a half-billion dollars. Will he have to pay?
10 months, 1 week ago

Trump's legal debts top a half-billion dollars. Will he have to pay?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. A New York judge ordered Trump and his companies …

Trump and real estate firm hit with $365 million fine in NY fraud suit
10 months, 1 week ago

Trump and real estate firm hit with $365 million fine in NY fraud suit

Live Mint  

Former President Donald Trump and his real estate company face significant legal setback in New York civil fraud suit, as judge bars Trump from running any business in the state for three years and imposes $364 million in penalties plus interest. During a three-month trial, New York Attorney General Letitia James claimed Trump inflated asset values on annual financial documents …

Trump’s legal debts top a half-billion dollars. Will he have to pay?
10 months, 1 week ago

Trump’s legal debts top a half-billion dollars. Will he have to pay?

LA Times  

Donald Trump speaks at his Mar-a-Lago estate in Palm Beach, Fla., on Friday, the day a judge ordered him to pay millions of dollars in fines. A New York judge ordered Trump and his companies Friday to pay $355 million in fines, plus interest, after ruling that he had manipulated his net worth in financial statements. Gen. Letitia James, who …

Judge orders Trump to pay USD 355 million for lying about his wealth in staggering civil fraud ruling
10 months, 1 week ago

Judge orders Trump to pay USD 355 million for lying about his wealth in staggering civil fraud ruling

New Indian Express  

The judge made clear, however, that the Trump Organization will continue to operate, backing away from an earlier ruling that would have dissolved Trump’s companies. Trump said the decision was “election inference” and “weaponization against a political opponent,” complaining to reporters at his Mar-a-Lago estate in Florida that he was being penalized for “having built a perfect company, great cash, …

Trump lawyers 'gamble' as campaign cash funds legal fees: expert
10 months, 1 week ago

Trump lawyers 'gamble' as campaign cash funds legal fees: expert

Raw Story  

Donald Trump's "overpaid" attorneys are gambling their reputations can survive defending a former president who is channeling campaign cash into their coffers, wrote lawyer and MSNBC analyst Katie Phang. Phang took a close look Monday at reports that Trump's PACs spent roughly 25 percent of their $210 million outlays on legal bills as the former president faces four criminal and …

Donald Trump spends $76 million on attorneys as legal troubles mount ahead of US Presidential elections
10 months, 2 weeks ago

Donald Trump spends $76 million on attorneys as legal troubles mount ahead of US Presidential elections

Hindustan Times  

Former US President Donald Trump's financial investments and legal matters remain checkered by bankruptcies and blunders ahead of the Presidential elections. Trump's Save America political action committee paid Bartov nearly $930,000 last year as an expert witness in the New York attorney general's civil fraud case that threatens the former president's real estate empire, according to new Federal Election Commission …

Trump spent $76 million over last two years on attorneys as legal troubles mount ahead of election
10 months, 3 weeks ago

Trump spent $76 million over last two years on attorneys as legal troubles mount ahead of election

Associated Press  

WASHINGTON — Donald Trump’s storied business career is checkered by bankruptcies and blunders. Trump’s Save America political action committee paid Bartov nearly $930,000 last year as an expert witness in the New York attorney general’s civil fraud case that threatens the former president’s real estate empire, according to new Federal Election Commission filings. New York Supreme Court Judge Arthur Engoron …

Trump is burning through cash faster than he can raise it: report
10 months, 3 weeks ago

Trump is burning through cash faster than he can raise it: report

Raw Story  

According to campaign finance reports filed on the last day of January, Donald Trump and the PACs closely associated with him are burning through cash faster than they can rake it in putting his ability to run for re-election effectively at risk. According to a report from Politico's Steven Shepard and Jessica Piper, in 2023 Trump and his people spent …

Questions raised about where $50M spent on Trump's legal fees actually went
10 months, 3 weeks ago

Questions raised about where $50M spent on Trump's legal fees actually went

Raw Story  

Donald Trump's mounting legal costs topped $50 million in 2023, the New York Times reported this week. He noted Trump's long career of touting "dealmaking," but said that he has seemed unable to do that with legal counsel. "So, Judge Canon's ruling that it was okay for these lawyers to be paid for and to represent multiple defendants has raised …

Trump Biographer Mocks Trump's Money Situation With A Brutal Reminder
10 months, 3 weeks ago

Trump Biographer Mocks Trump's Money Situation With A Brutal Reminder

Huff Post  

LOADING ERROR LOADING After speaking with New York Times correspondent Shane Goldmacher about a story he did on Trump’s PACs spending around $50 million on his legal fees in 2023, CNN anchor Anderson Cooper asked Johnston if the four-times-indicted Trump could afford those bills if he wasn’t running for president. “Anderson, you hit the nail right on the head there,” …

Trump under 'enormous financial strain' as new report reveals legal fees are 'staggering'
10 months, 3 weeks ago

Trump under 'enormous financial strain' as new report reveals legal fees are 'staggering'

Raw Story  

Former President Donald Trump’s super PACs blew through $50 million in legal fees as four criminal indictments crashed down on him last year, according to a new report. “It is a staggering sum,” wrote New York Times reporters Maggie Haberman and Shane Goldmacher Tuesday. “Nikki Haley raised roughly the same amount of money across all her committees in the last …

Big Trump secret about to be revealed
10 months, 3 weeks ago

Big Trump secret about to be revealed

Raw Story  

The $83.3 million defamation judgment that writer E. Jean Carroll won Friday against Donald Trump will soon reveal the depth of his finances, long shrouded in smoke and mirrors, disclaimers that his financial statements are not to be trusted, and outright fabrications about his income and wealth. The punitive damages are intended, as Carroll lawyer Roberta Kaplan told the federal …

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