"Trump's Battle to Settle $540 Million Legal Penalties"

1 min read
Source: Forbes
"Trump's Battle to Settle $540 Million Legal Penalties"
Photo: Forbes
TL;DR Summary

Former President Donald Trump is facing mounting legal fines and owes roughly $454 million to New York State, as well as $88 million to writer E. Jean Carroll for sexual abuse and defamation verdicts. With limited options due to being barred from borrowing from most major U.S. banks, potential lenders could include wealthy individuals, foreign banks, and domestic institutions like Axos Bank and Ladder Capital. Trump's connections abroad, including in the Middle East and China, may also provide avenues for financial assistance. Additionally, billionaire friends like Phil Ruffin and Andrew Beal could potentially step in to lend money. The situation presents a high degree of uncertainty for any institution or person willing to assist Trump.

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