Donald Trump may now be forced choose a few undesirable options to continue his legal defenses.

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.

  • zeppo@lemmy.worldEnglish
    41·
    9 months ago

    Once he has to actually pay them vs appealing, I’ll believe it.

    • Thirdborne@lemmy.world
      51·
      9 months ago

      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.

      • SpaceCowboy@lemmy.ca
        1·
        9 months ago

        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.

          • SpaceCowboy@lemmy.ca
            1·
            9 months ago

            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.

        • tigeruppercut
          1·
          9 months ago

          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

          • SpaceCowboy@lemmy.ca
            1·
            9 months ago

            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.

    • stoly@lemmy.world
      2·
      9 months ago

      There’s no appeal here. He has nothing to point to for procedural errors or unconstitutional laws. Plus he has to put up the money before he can do anything.