Billionaires sought to help fund Trump bond in civil fraud case, sources say
Source: Reuters
March 26, 2024 4:59 AM EDT
March 25 (Reuters) - Some major Republican donors were working together to help U.S. presidential candidate Donald Trump fund the original bond amount needed to cover his $454 million civil fraud judgment ahead of Monday's deadline, three sources briefed on the matter told Reuters.
Former Republican President Trump needs to pay a bond in a New York civil case in which he was found liable for fraudulently inflating his net worth by billions of dollars to secure better loan and insurance terms.
On Monday he won a bid to delay the enforcement of the judgment if he posts a smaller $175 million bond within 10 days, but until that last-minute reprieve he appeared to be struggling to raise the original amount and risked having his properties seized.
Billionaire hedge fund founder John Paulson was involved in the behind-the-scenes effort by donors concerned about Trump's legal woes and looking to help provide money toward the bond, two of the sources told Reuters. Oil and gas magnate Harold Hamm was also involved, one of those sources said. The sources asked not to be identified in order to speak freely about the matter, which has not been previously reported.
Read more: https://www.reuters.com/world/us/billionaires-sought-help-fund-trump-bond-civil-fraud-case-sources-say-2024-03-26/
Walleye
(31,027 posts)multigraincracker
(32,686 posts)not wages. They get a break on capital gains, that required no blood and sweat. Also tax Corporate stock buy backs at 100%. That all goes to CEOs, as they are paid with stock options. Id rather see stock prices increased by stock spits. Make them more affordable for the Middle class. All wage earners should get stocks as part of their compensation. That would give them a voice(vote) in how the company is run.
Dont get me started on this sh*t.
twodogsbarking
(9,754 posts)Fixed that.
ToxMarz
(2,168 posts)gab13by13
(21,349 posts)they want to own the president of the United States.
tetedur
(820 posts)His lawyers say they couldn't find someone to help him pay his bond so he can appeal. Meanwhile, he says he has plenty of cash to pay his bond. He just wants to spend his money on his campaign. He doesn't spend his money on his campaign.
I hope these billionaires give him the $450 million he needs. He will screw them.
At this moment, in his merger deal of Truth Social, values are being inflated. This deal was created to give him and some of his cronies some quick cash. I believe he will be given a waiver by the board of puppets he has on the DJT company to sell his shares and skedaddle out the back door. Who will stop him?
The court of appeals is allowing him to continue committing the crimes they know he will commit.
Digital World was already in trouble with the SEC for insider trading and not informing shareholders that a merger was in the works.
The geniuses that came up with this scam are suing each other. They will lose it all too.
Who in their right minds would invest in this cesspool of worthlessness?
PatSeg
(47,482 posts)Anyone who thinks investing in Donald Trump is a good idea didn't get to be billionaires by virtue of being smart. Might as well just take that money and throw it in the ocean.
AllaN01Bear
(18,242 posts)PatSeg
(47,482 posts)success stories about self-made millionaires/billionaires is often pure fantasy. They weren't necessarily brilliant businessmen. It was more likely a lot of lying and cheating combined with a shitload of dumb luck.
Ford_Prefect
(7,901 posts)AstroTurf front groups and think tanks who are attacking Constitutional government and Civil Rights, this is who they are. Like Ford and Edison they believe their money grants them the choice of who will be enabled by government, and who will be sacrificed to their greed and their distorted view of humanity.
Joinfortmill
(14,427 posts)Marthe48
(16,963 posts)with a vacuum attachment. I can just see money, jewelry, clothes on their backs, getting sucked away from any person that traitor targets and flying into traitor's hands, just nonstop. He will end up with every bit of money in the world, and it will never satisfy him. And his victims will never get whatever it is they think they are paying for.
Yo_Mama_Been_Loggin
(108,010 posts)IcyPeas
(21,884 posts)Hosted by John Paulson. (Who made his billions during the mortgage/housing crisis). These billionaires supporting him make me sick. Trump has floated giving Paulson a treasury job if he wins. These billionaires are bailing him out I fear.
From CNN:
https://www.cnn.com/2024/03/19/politics/republican-billionaires-trump-fundraiser/index.html
AllaN01Bear
(18,242 posts)repeat lost and is a crook besides. fools and their money are soon parted.
KS Toronado
(17,247 posts)Hedge fund founder John Paulson and Oil and gas magnate Harold Hamm, there has to be more, Who is
Putin laundering his money through to help his #1 employee? Voters should know the names. Shame this
doesn't break some campaign finance law since it saves him money for campaigning.
AllaN01Bear
(18,242 posts)justhanginon
(3,290 posts)From google;
Congressional Republicans have proposed legislation to give a new tax cut skewed to billionaires by allowing the wealthiest 0.1% of Americansthose with assets worth more than $13.6 million per person ($27.2 million per couple)to pass on wealth to their heirs entirely tax free.
Maybe change them from "billionaire class" to the "freeloader class."
FakeNoose
(32,639 posts)Why not give it to Uncle Sam? Why won't they pay their FAIR SHARE of taxes?
But they're standing in line to "help" that lying treasonous creep.
bahboo
(16,339 posts)HappyLarge
(4 posts)Im sure appeals courts judges can be bought for 0.001% of a half billion dollars. Whats 5-6 million in the grand scheme of things to these people?