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BumRushDaShow

(129,053 posts)
Tue Mar 26, 2024, 06:36 AM Mar 26

Billionaires sought to help fund Trump bond in civil fraud case, sources say

Source: Reuters

March 26, 2024 4:59 AM EDT


March 25 (Reuters) - Some major Republican donors were working together to help U.S. presidential candidate Donald Trump fund the original bond amount needed to cover his $454 million civil fraud judgment ahead of Monday's deadline, three sources briefed on the matter told Reuters.

Former Republican President Trump needs to pay a bond in a New York civil case in which he was found liable for fraudulently inflating his net worth by billions of dollars to secure better loan and insurance terms.

On Monday he won a bid to delay the enforcement of the judgment if he posts a smaller $175 million bond within 10 days, but until that last-minute reprieve he appeared to be struggling to raise the original amount and risked having his properties seized.

Billionaire hedge fund founder John Paulson was involved in the behind-the-scenes effort by donors concerned about Trump's legal woes and looking to help provide money toward the bond, two of the sources told Reuters. Oil and gas magnate Harold Hamm was also involved, one of those sources said. The sources asked not to be identified in order to speak freely about the matter, which has not been previously reported.

Read more: https://www.reuters.com/world/us/billionaires-sought-help-fund-trump-bond-civil-fraud-case-sources-say-2024-03-26/

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Billionaires sought to help fund Trump bond in civil fraud case, sources say (Original Post) BumRushDaShow Mar 26 OP
Maybe if we could just raise taxes on these people and corporations they wouldn't indulge in such anti-American hobbies Walleye Mar 26 #1
Just to be fair, it's time to tax wealth multigraincracker Mar 26 #12
Motherfuckers sought to help fund Trump bond in civil fraud case, sources say. twodogsbarking Mar 26 #2
A regular Billionaire pity party ToxMarz Mar 26 #3
Not a pity party at all gab13by13 Mar 26 #5
Trump must pay a penalty for committing fraud. tetedur Mar 26 #4
Apparently not terribly smart billionaires PatSeg Mar 26 #10
birds of a feather. AllaN01Bear Mar 26 #13
Yeah and the myth behind so many of these PatSeg Mar 26 #18
If you need to know more about who is helping to fund Trump, Leonard Leo, Heritage Foundation et al, along with all the Ford_Prefect Mar 26 #6
Names should be shouted from the rooftops as enablers of a fascist dictator wannabe Joinfortmill Mar 26 #7
traitor is a money pit Marthe48 Mar 26 #8
People with more dollars than sense Yo_Mama_Been_Loggin Mar 26 #9
John Paulson is having a fundraiser for him with other billionaires on April 6.... IcyPeas Mar 26 #11
could u imagin all that money going for good rather than this lazy spoil sport who lost , i AllaN01Bear Mar 26 #15
Well there's 2 men who want to buy a President KS Toronado Mar 26 #14
if dems win, i want to see a millianares tax nationwide of 5% AllaN01Bear Mar 26 #16
Of course the rotten billionaire class supports trump and the republicans. Look at the the tax cut promise. justhanginon Mar 26 #17
They want to throw their money away? OK FakeNoose Mar 26 #19
shitbirds of a feather, stick together... bahboo Mar 26 #20
The probably did help him, but billionaires always go for the most "cost effective" solution. HappyLarge Mar 26 #21
Each of them was trying to get one of the others to put up the money. The squeaking sounds were awful! Wonder Why Mar 26 #22

Walleye

(31,027 posts)
1. Maybe if we could just raise taxes on these people and corporations they wouldn't indulge in such anti-American hobbies
Tue Mar 26, 2024, 06:39 AM
Mar 26

multigraincracker

(32,685 posts)
12. Just to be fair, it's time to tax wealth
Tue Mar 26, 2024, 09:31 AM
Mar 26

not wages. They get a break on capital gains, that required no blood and sweat. Also tax Corporate “stock buy backs” at 100%. That all goes to CEOs, as they are paid with stock options. I’d rather see stock prices increased by stock spits. Make them more affordable for the Middle class. All wage earners should get stocks as part of their compensation. That would give them a voice(vote) in how the company is run.
Don’t get me started on this sh*t.

tetedur

(820 posts)
4. Trump must pay a penalty for committing fraud.
Tue Mar 26, 2024, 07:47 AM
Mar 26

His lawyers say they couldn't find someone to help him pay his bond so he can appeal. Meanwhile, he says he has plenty of cash to pay his bond. He just wants to spend his money on his campaign. He doesn't spend his money on his campaign.

I hope these billionaires give him the $450 million he needs. He will screw them.

At this moment, in his merger deal of Truth Social, values are being inflated. This deal was created to give him and some of his cronies some quick cash. I believe he will be given a waiver by the board of puppets he has on the DJT company to sell his shares and skedaddle out the back door. Who will stop him?

The court of appeals is allowing him to continue committing the crimes they know he will commit.

Digital World was already in trouble with the SEC for insider trading and not informing shareholders that a merger was in the works.
The geniuses that came up with this scam are suing each other. They will lose it all too.

Who in their right minds would invest in this cesspool of worthlessness?

PatSeg

(47,482 posts)
10. Apparently not terribly smart billionaires
Tue Mar 26, 2024, 09:30 AM
Mar 26

Anyone who thinks investing in Donald Trump is a good idea didn't get to be billionaires by virtue of being smart. Might as well just take that money and throw it in the ocean.

PatSeg

(47,482 posts)
18. Yeah and the myth behind so many of these
Tue Mar 26, 2024, 11:25 AM
Mar 26

success stories about self-made millionaires/billionaires is often pure fantasy. They weren't necessarily brilliant businessmen. It was more likely a lot of lying and cheating combined with a shitload of dumb luck.

Ford_Prefect

(7,901 posts)
6. If you need to know more about who is helping to fund Trump, Leonard Leo, Heritage Foundation et al, along with all the
Tue Mar 26, 2024, 08:13 AM
Mar 26

AstroTurf front groups and think tanks who are attacking Constitutional government and Civil Rights, this is who they are. Like Ford and Edison they believe their money grants them the choice of who will be enabled by government, and who will be sacrificed to their greed and their distorted view of humanity.

Marthe48

(16,963 posts)
8. traitor is a money pit
Tue Mar 26, 2024, 08:43 AM
Mar 26

with a vacuum attachment. I can just see money, jewelry, clothes on their backs, getting sucked away from any person that traitor targets and flying into traitor's hands, just nonstop. He will end up with every bit of money in the world, and it will never satisfy him. And his victims will never get whatever it is they think they are paying for.

IcyPeas

(21,884 posts)
11. John Paulson is having a fundraiser for him with other billionaires on April 6....
Tue Mar 26, 2024, 09:30 AM
Mar 26

Hosted by John Paulson. (Who made his billions during the mortgage/housing crisis). These billionaires supporting him make me sick. Trump has floated giving Paulson a treasury job if he wins. These billionaires are bailing him out I fear.

From CNN:

The price tag for the fundraiser ranges from $250,000 per person for those who serve on the “host committee” to $814,600 per person to serve as a “chairman.” Perks for those contributing at the top level include dinner seating at Trump’s table, according to the invitation.


https://www.cnn.com/2024/03/19/politics/republican-billionaires-trump-fundraiser/index.html

AllaN01Bear

(18,242 posts)
15. could u imagin all that money going for good rather than this lazy spoil sport who lost , i
Tue Mar 26, 2024, 09:40 AM
Mar 26

repeat lost and is a crook besides. fools and their money are soon parted.

KS Toronado

(17,247 posts)
14. Well there's 2 men who want to buy a President
Tue Mar 26, 2024, 09:38 AM
Mar 26

Hedge fund founder John Paulson and Oil and gas magnate Harold Hamm, there has to be more, Who is
Putin laundering his money through to help his #1 employee? Voters should know the names. Shame this
doesn't break some campaign finance law since it saves him money for campaigning.

justhanginon

(3,290 posts)
17. Of course the rotten billionaire class supports trump and the republicans. Look at the the tax cut promise.
Tue Mar 26, 2024, 11:21 AM
Mar 26

From google;
Congressional Republicans have proposed legislation to give a new tax cut skewed to billionaires by allowing the wealthiest 0.1% of Americans—those with assets worth more than $13.6 million per person ($27.2 million per couple)—to pass on wealth to their heirs entirely tax free.
Maybe change them from "billionaire class" to the "freeloader class."

FakeNoose

(32,639 posts)
19. They want to throw their money away? OK
Tue Mar 26, 2024, 11:28 AM
Mar 26

Why not give it to Uncle Sam? Why won't they pay their FAIR SHARE of taxes?
But they're standing in line to "help" that lying treasonous creep.

HappyLarge

(4 posts)
21. The probably did help him, but billionaires always go for the most "cost effective" solution.
Tue Mar 26, 2024, 04:59 PM
Mar 26

I’m sure appeals courts judges can be bought for 0.001% of a half billion dollars. What’s 5-6 million in the grand scheme of things to these people?

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