Donald Trump may now be forced choose a few undesirable options to continue his legal defenses.

Former President Donald Trump will likely run out of legal defense funds this summer, Bloomberg reported.

In 2023, Trump spent $51.2 million on legal costs and has a further $23.5 million available for lawyers’ fees — but that source of money will likely dry up around July, the report said.

The ex-president may now be forced to turn to a few undesirable options to cover his costs.

  • tigeruppercut@lemmy.zip
    0·
    9 months ago

    He’s already had to put up $5.5 mil that he couldn’t weasel out of.

    Trump has already deposited $5 million owed to Carroll for the first defamation case into a court-controlled account, along with an additional $500,000 in interest required by New York law. Carroll will not have access to the funds until the appeals process plays out.

    He may soon be forced to do the same for the $83.3 million judgment in the second Carroll verdict. Alternatively, he could secure a bond and pay only a portion up front — though that option would come with interest and fees and likely require some form of collateral. Trump would have to find a financial institution willing to front him the money.

    https://apnews.com/article/trump-fraud-carroll-fines-82d423b8e7a7f9a32470729c5f4410e5