The Republican Party’s nominee to face President Joe Biden in the upcoming election is facing a myriad of financial difficulties and legal obligations as the race heats up. Donald Trump, the former president seeking a return to the White House, is currently embroiled in legal troubles, including 88 criminal charges.
After losing a civil fraud trial in New York earlier this year, Trump has been desperately trying to secure a bond of over $464 million. However, he faces the “practical impossibility” of coming up with the money before the state’s deadline, casting doubt on his ability to fulfill his financial obligations.
If Trump fails to secure the funds, he could potentially be a convicted felon with debts he cannot repay before the election. His legal team is now asking a state appellate court to pause enforcement of the financial portion of the judgment as they strategize their next moves.
Meanwhile, New York Attorney General Letitia James is prepared to target his assets to begin collecting on the judgment he owes to the state. Despite his financial woes, Trump’s campaign fundraising arms have collected millions of dollars from supporters to pay off his legal fees and attorneys. He is also courting billionaire donors and transforming the GOP’s financial apparatus to bankroll his campaign.
Additionally, Trump is expecting a windfall from a long-anticipated merger between his Truth Social parent company and Digital World Acquisition Corporation, which is set to return to Wall Street. As the election draws near, Trump’s financial and legal troubles continue to loom large, raising questions about his ability to navigate these challenges while vying for the presidency once again.
“Travel aficionado. Incurable bacon specialist. Tv evangelist. Wannabe internet enthusiast. Typical creator.”