December 2, 2020 04:25 PM RSS

Pres. Trump, His Campaign Broke Unable to Pay Legal Bills

  • Wall Street Rebel | James DiGeorgia
  • 10/20/2020 3:24 PM
Pres. Trump, His Campaign Broke Unable to Pay Legal Bills

Politico is reporting that President Trump and his campaign are so cash strapped – even after raising almost $1 billion in campaign donations, Trump is frantically attempting to collect settlements in legal disputes because it needs the money to fund even more lawsuits it’s filed against its enemies - that are in danger of being dismissed.

 

President Trump is not known for not paying his bills; he’s also famous for stiffing people he owes. Now Trump and his presidential campaign are finding it both doesn’t have the money to keep his plethora of lawsuits going and cannot collect debts it’s owned. 

While some claim he owes $400 million, many believe Trump owes more than $1 billion and hasn’t the assets to cover the debt despite his desperate assertions to the contrary.

 

                    EMERGENCY: Trump Running Out of Money

 

Things are so desperate that Trump’s embattled campaign discovers that it’s unable to collect a delinquent yet paltry $52,000 payment from Omarosa Manigault Newman for writing an unauthorized book about her White House experiences. As small as this debt is, Politico reports that Trump and his campaign desperately need the money.

According to Politico’s report, the Trump campaign is currently engaged in a “flurry of legal actions” in the days before the election, which is a clear indication that money is so tight that many of the lawsuits this litigious President and campaign are both desperate for cash according to Politico…

“At one point, Trump’s attorneys suggested Newman pay for a nearly $1 million ad campaign “to counteract the long-term adverse effects” of her remarks,”

 

“Yet the campaign has thus far stiffed the arbitrator assigned to mediate the case, according to a letter sent to the parties in the case. If Trump’s attorneys don’t pay the outstanding bill by next week, the case could be tossed out.”

 

The Omarosa lawsuit is only the tip of the iceberg of many Trump lawsuits that the campaign is involved…

“The campaign is helping fight accusations Trump harassed and sexually assaulted women. It’s helping keep documents about his business deals hidden. Other cases are proactive, such as enforcing nondisclosure agreements and punishing media companies the campaign accuses of defamation. And it is responding to lawsuits from people who say they were assaulted at Trump events, including one from a Missouri man who claimed he was arrested after laughing at a MAGA rally.”

 

TRUMP DEBT

Trump Property

est. Debt

Debt Holder

1290 Avenue of the Americas

$285 Million

Vornado Realty Trust

Trump International Hotel Washington, D.C.

$170 million

Deutsche Bank

555 California Street

$162 million

Vornado Realty Trust

40 Wall Street

$138 million

Ladder Capital

Trump National Doral

$125 million

Deutsche Bank

Trump Tower

$100 million

Ladder Capital

Trump International Hotel & Tower (Chicago)

<$75 Million

Deutsche Bank

Trump Plaza

$13 million

Ladder Capital

Palm Beach, Fla. home

$11 Million

Professional Bank

Trump National Golf Club, Colts Neck

$11 Million

Amboy Bank

Trump Park Avenue

$10 Million

Investors Savings Bank

Trump National Golf Club, Washington, D.C.

$7 Million

Chevy Chase Trust Holdings

Trump International Hotel & Tower (NYC)

$6 Million

Ladder Capital

Seven Springs

$5 - $25 Million

The Bryn Mawr Trust Company

Forbes

 

                     Trump Campaign Tainted By Personal Legal, Financial Desperation

 

To read the full story at Politico, go here

 

 

 

[Strategic Investment: The Post WWII World Order is About to Collapse]

 

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