Talk about timing: Just yesterday, Digital World Acquisition Corp., the “blank check” company formed to merge with Trump Media to fund Truth Social, received approval from SEC to pursue the merger. Now that Trump and his sons are barred from serving as an owner/operator of a business in New York due to fraud, the SEC may want to give its approval a second look. The deal, according to reports, could put as much as $4 billion to Trump’s bottom line. …
According to New York law, Trump will need to put up 120% of the judgment–$450 million dollars including pre-judgment interest accrued from the time of the fraud, plus 20%–if he files an appeal. Who the hell is going to fund an appeal of a fraud case to the tune of nearly half a billion dollars? …
By the way, that “pre-judgment interest” continues to accrue at a 9% rate until Trump cuts the check to the state treasury. As he fights, he racks up roughly $3.5 million in interest per month. …
No bank will front him the money to fund the appeal. Well, no American bank. He’ll have to secure a private backer. One of the richest men in the world wants Trump to owe him a favor, just like in 2017. …
Trump now owe $450 million to the State of New York and $85 million to E. Jean Carroll. He’s getting into Fox “News” litigation territory. …
Trump’s brand has immediately changed. Trump already ruined his brand by his political crimes, but from here on out, anything with the name “Trump” associated with it in a business sense is off-limits: the risk of fraud is too great. …