The Daily Populous Sunday August 18th, 2024 evening edition
Authored by newsweek.com and submitted by InternetPopular3679

Donald Trump owes more than $100 million in liabilities linked to his legal troubles in New York, as shown by his latest financial disclosure report released on Thursday.

The document showed the former president owed between $1,000,001 and $5 million in liabilities linked to E. Jean Carroll's first civil lawsuit against him, which Trump lost in May 2023 when a jury found him liable for sexually abusing and defaming the New York columnist. Trump was ordered to pay Carroll $5 million.

Carroll's second civil lawsuit against him, which said Trump had ruined the writer's reputation and harmed her professionally, was listed in the financial disclosure report in the largest category for liabilities: more than $50 million. Earlier this year, a jury found Trump guilty of defaming Carroll and awarded the writer $83.3 million.

Both judgments were listed in the document—on page 166 of part three of the report embedded below—as "litigation; stayed pending appeal; bonded."

The document also listed more than $50 million in liabilities stemming from the New York civil fraud case brought against Trump by New York Attorney General Letitia James, who was listed as "creditor." The money owed to the attorney general was also listed as "litigation; stayed pending appeal; bonded."

Donald Trump, the Republican presidential candidate, in Bedminster, New Jersey, on August 15. The former president owes more than $100 million in liabilities stemming from civil lawsuits brought against him by E. Jean Carroll and... Donald Trump, the Republican presidential candidate, in Bedminster, New Jersey, on August 15. The former president owes more than $100 million in liabilities stemming from civil lawsuits brought against him by E. Jean Carroll and New York Attorney General Letitia James. More Adam Gray/Getty Images

In February, Justice Arthur Engoron of the New York State Supreme Court ruled that the former president was liable for conspiring to manipulate his net worth and ordered him to pay more than $350 million in penalties plus $100 million in prejudgment interest. The ruling also barred Trump from serving as an officer or director of any New York corporation or legal entity in the state for a period of three years.

In April, the former president posted a $175 million bond in the case after a New York appeals court reduced the $454 million bond payment originally required. Lawyers for the former president said it was "impossible" for him to secure a bond of that size. The payment staved off the seizure of some of Trump's assets in the state of New York.

The financial disclosure report is the first look into the Republican presidential nominee's finances ahead of November's election. Trump's net worth is not publicly known, and though he has often made boisterous claims about his wealth, his media company, Trump Media, lost millions in the past year. His legal troubles in New York have also likely weighed on his finances.

The report showed that Trump held more than $1 million in cryptocurrency and made $56.9 million in revenue related to his Mar-a-Lago resort in Florida. The former president is also cashing in on several recently released books, including Letters to Trump and A MAGA Journey.

The document listed the first as having made $4.5 million, while the second brought in $505,763. Trump also reported a $300,000 royalty payment for the Greenwood Bible, a version of the Bible endorsed by the former president and singer Lee Greenwood.

kevans2 on August 18th, 2024 at 02:45 UTC »

I'm pretty sure he owes $454 million for one lawsuit and like $90 million for a different one.

InternetPopular3679 on August 18th, 2024 at 01:59 UTC »

Let's not forget that one of our presidential candidates is a convicted felon bearing millions in debt. Every vote matters.

renegade_yankee on August 18th, 2024 at 01:58 UTC »

It mind boggles me how his supporters just do not see him for the con man and criminal that he actually is