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Started By
Message
"Trump is running out of other people's money to pay lawyers."
Posted on 8/31/23 at 8:45 am
Posted on 8/31/23 at 8:45 am
quote:
Save America spent most of the $156.4 million it raised.
quote:
Former President Donald Trump is running out of other people's money to spend on his legal bills, which could total in the tens of millions of dollars if he takes all four of his criminal cases to trial.
His key fund has spent nearly all of the more than $150 million it raised, and is sitting on less than $4 million, according to the latest numbers available. He’s already dug into his fund for 2024 ads, and borrowed money to post bail in Georgia. And some of his allies are begging for donations, saying he won’t pony up.
White collar criminal defense attorneys who spoke to USA TODAY estimated his legal bills will total millions, if not tens of millions, largely because he is defending against four criminal cases, but also because of his notoriety.
quote:
Zachary Smith, who practices criminal defense about 40 miles from Atlanta, said Trump could spend $500,000 to $1.5 million on a local lawyer for his racketeering trial. He said the case could effectively shut down a small law firm for months while they take the case, and the firm would charge a premium based on Trump’s notoriety.
Danya Perry, a defense attorney and former federal prosecutor in New York, said a two- or three-week trial can easily cost $10 million. She highlighted the complexity and magnitude of the Fulton County case as particularly expensive.
quote:
Trump’s main account that pays for legal fees, Save America, doesn’t have that kind of money. It’s spent almost all of the $154.6 million it raised since the 2020 election and had $3.7 million in the bank at the end of June.
The PAC spent it biggest chunk of money, $60 million, making transfers to Trump’s 2024 campaign super PAC, Make America Great Again, Inc. But in May and June, as his legal entanglements grew, that super PAC refunded $12.3 million back to Save America. Without those transfers, Save America would’ve been in debt.
Save America has mostly been working with money it built up prior to Trump’s re-election declaration in November. Even though Trump’s campaign boasted raking in record amounts of money from his first two indictments in New York and Miami, records show that only $3.8 million of that went to Save America, while $33.1 million went to his presidential campaign.
During that same time period, Save America spent $21.6 million on legal expenses, the vast majority of the $38.4 million Save America has spent on that category since November 2020. And criminal defense lawyers haven’t been the only expenses for Save America.
quote:
Make America Great Again, Inc. could transfer more money back to Save America; it ended June with $30.8 million. His official campaign account was sitting on another $22.5 million. However, transfers from either account would reduce his competitiveness in the Republican Primary.
The super PAC backing Florida Gov. Ron DeSantis, running against Trump, ended June with $130.6 million, or about $100 million more than Make America Great Again, Inc.
quote:
Trump’s personal wealth has been hard to pin down over the years, but Forbes most recently estimated it at $2.5 billion. Most of the wealth was in real estate, and $425 million was cash.
Udolf said if Trump is as rich as he says he is, he shouldn't have trouble paying from his own pockets.
“He says he’s a billionaire,” Udolf said of Trump. “If that’s the case, it’s certainly not going to be that much money.”
LINK
trump is gonna have to grift a lot more mugshot merch from the poli board. 20 million goes fast.
Posted on 8/31/23 at 8:48 am to 1999
So you’re cheering the left is purposely trying to bankrupt him and his campaign to prevent him from running by using the federal government endless resources. Then calling it a grift because he would literally be bankrupt and dirt poor unless he sold all his assets just to pay the lawyers?
Posted on 8/31/23 at 8:48 am to 1999
Probably wasn’t a great idea to spend $40 million to attack Desantis.
Posted on 8/31/23 at 8:49 am to 1999
Just donated again.
I may just set up an autodraft.
I may just set up an autodraft.
Posted on 8/31/23 at 8:53 am to PorkSammich
quote:
Probably wasn’t a great idea to spend $40 million to attack Desantis.
So now Trump is dumb for campaigning in a primary? I swear you dudes have 0 self awareness.
“Just stop defending yourself and we’ll stop attacking you “
Posted on 8/31/23 at 8:54 am to 1999
quote:
1999
Just another leftist giddy at weaponizing government. Disgusting people.
Posted on 8/31/23 at 8:55 am to 1999
Ronbots posting more lefty rags
Erin Mansfield looks like she has the scoop
Erin Mansfield looks like she has the scoop
Posted on 8/31/23 at 8:56 am to RaoulDuke504
quote:
So you’re cheering the left is purposely trying to bankrupt him and his campaign to prevent him from running by using the federal government endless resources. Then calling it a grift because he would literally be bankrupt and dirt poor unless he sold all his assets just to pay the lawyers?
Relaying facts and dealing in reality isn't "cheering the left". Unless Trump wants to put Bedminster up for sale or something it's going to get really ugly financially for him because the big donors have long since walked away and there just aren't enough small donors.
Trump also has no ground game to speak of. So that means Trump will have to rely on "Earned Media" which means that he needs the MSM to give him positive coverage.
Posted on 8/31/23 at 8:56 am to 1999
It's almost like the communist left's plan is working
Posted on 8/31/23 at 8:57 am to 1999
quote:
His key fund has spent nearly all of the more than $150 million it raised, and is sitting on less than $4 million,
No wonder Rudy can’t get help.
Posted on 8/31/23 at 8:58 am to 1999
quote:
Zachary Smith, who practices criminal defense about 40 miles from Atlanta, said Trump could spend $500,000 to $1.5 million on a local lawyer for his racketeering trial.
quote:
Danya Perry, a defense attorney and former federal prosecutor in New York, said a two- or three-week trial can easily cost $10 million.
These are just two small examples of how our justice system/legal system is BROKEN
Posted on 8/31/23 at 9:02 am to RaoulDuke504
quote:
So now Trump is dumb for campaigning in a primary? I swear you dudes have 0 self awareness.
“Just stop defending yourself and we’ll stop attacking you “
DeSantis attacked Trump?
Posted on 8/31/23 at 9:05 am to RaoulDuke504
quote:
So you’re cheering the left is purposely trying to bankrupt him and his campaign to prevent him from running by using the federal government endless resources. Then calling it a grift because he would literally be bankrupt and dirt poor unless he sold all his assets just to pay the lawyers?
No one on the left asked Trump to commit the crimes that left to almost 100 indictments. He’s only running for office to avoid having to answer for what he did.
It’s sad to see.
Posted on 8/31/23 at 9:06 am to RaoulDuke504
nah, you guys just want to run someone in the general who will be spending all his "campaign" money on legal fees.
can't wait to see how that turns out.
can't wait to see how that turns out.
This post was edited on 8/31/23 at 9:07 am
Posted on 8/31/23 at 9:07 am to 1999
True Patriots will dig deep and GIVE until it hurts. Don has earned their money and deserves it more than them.
Posted on 8/31/23 at 9:09 am to HailToTheChiz
quote:
quote:Zachary Smith, who practices criminal defense about 40 miles from Atlanta, said Trump could spend $500,000 to $1.5 million on a local lawyer for his racketeering trial. quote:Danya Perry, a defense attorney and former federal prosecutor in New York, said a two- or three-week trial can easily cost $10 million. These are just two small examples of how our justice system/legal system is BROKEN
It’s always been like this in that the best lawyers charge more just like the best athletes and best doctors get paid more. He could certainly find plenty of attorneys much less than this, but they would be really poor attorneys on average. This is the problem that poor people have dealt with when caught up in the criminal justice system for the longest time.
Posted on 8/31/23 at 9:09 am to Motownsix
quote:
No one on the left asked Trump to commit the crimes that left to almost 100 indictments
I can’t believe how gullible leftists are. I just can’t believe they are so evil as to support these clear BS charges based upon politics. I refuse to believe so many people are straight up fascists. It has to be ignorance and gullibility.
Posted on 8/31/23 at 9:09 am to Lou Pai
quote:
DeSantis attacked Trump?
Yes, by being super popular, beating the shite out of Crist, and daring to run for POTUS.
If "Silence is Violence" and warrants physical retaliation for the attack, then SURELY daring to do those things warranted what can only be seen as self defense from Trump way back in November...
Posted on 8/31/23 at 9:09 am to RaoulDuke504
quote:
So you’re cheering the left is purposely trying to bankrupt him and his campaign to prevent him from running by using the federal government endless resources.
The man encouraged an insurrection because he was sore he lost the election. He deserves every book thrown at him and every day of time he is sentenced to serve in jail.
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