Trump’s legal fees are sky high. An elaborate PAC scheme is helping pay them — for now
Erin Mansfield and Zac Anderson – March 24, 2024
A pro-Trump super PAC has been transferring millions of dollars every month to the former president’s fund for paying his ballooning legal bills. The transfers have kept the fund, Save America, afloat as it bled tens of millions of dollars on legal bills in the year since a New York grand jury indicted former President Donald Trump, the first in a wave of criminal indictments and civil judgments against him.
Save America, started days after Trump lost the 2020 election, is a type of fund called a “leadership PAC” that can only accept $5,000 per election cycle from each donor, but has few restrictions on how it spends money. It is being funded by Make America Great Again Inc., or MAGA Inc., a super PAC that started in 2022 and can raise unlimited amounts of money.
In the past, Save America’s highest spending involved audio-visual expenses for Trump’s public appearances, and donations to other groups, including MAGA Inc. But the money Save America spent on legal bills, including to firms that represent him in civil and criminal cases, has skyrocketed in the past two years.
So MAGA Inc. has stepped in to bail out Save America by paying it back. It sent $5 million at the beginning of every month from last July through February to Save America, totaling $40 million, in addition to $12.3 million that MAGA Inc. transferred in May and June, according to records from the Federal Election Commission.
It’s more money than MAGA Inc. has spent on independent expenditures, such as advertisements for Trump and against opponents like South Carolina Gov. Nikki Haley, since it started in 2022. That totaled $50.5 million since the beginning of 2023, compared to $52.3 million in transfers to Save America since May.
“It’s hard for me to think of another example where this has happened,” said Daniel Weiner, the director of elections and government at the Brennan Center for Justice, an advocacy group on democracy law based at New York University.
MAGA Inc. is sending the money to Save America to refund the $60 million it donated to MAGA Inc. in 2022 while it was on a spending spree. It would be illegal for the super PAC to simply donate its unlimited contributions to Save America, which has to follow federal contribution limits.
“This is certainly out of the ordinary,” Weiner said. “It was out of the ordinary for the leadership PAC to make a giant contribution to a super PAC, and now to do this kind of strange refund system, that is also something you would not normally see.”
Legal spending is tied to Trump’s civil, criminal cases
The transfer scheme has not provided a windfall for Save America, even though it raised more than $200 million since its creation. The PAC spent more than $64 million on legal bills through the end of report year 2023. Other money went to candidates during the 2022 election, outside organizations tied to former White House aides, and paying staff, even the former first lady’s fashion designer.
While public records can’t say what, specifically, law firms are being paid to do, records show Save America has paid more than 70 different lawyers and law firms, and many are listed on court paperwork representing Trump in his civil and criminal cases. And one lawyer who represented a Trump aide during the Jan. 6 Committee has said that Save America had an agreement with him. Most recently, three of the four firms that submitted a court document saying he couldn’t pay a $454 million judgment in a fraud case against the Trump Organization — Habba Madaio & Associates LLP, Robert and Robert PLLC, and Continental PLLC — are some of Save America’s highest-paid firms.
“He appears to be spending an incredible amount of campaign finance money on legal expenses that range well beyond what would be considered campaign related,” said Michael Kang, a law professor at Northwestern University. “I doubt, however, that we’ll get to the bottom of all this until much later on.”
Leadership PACs like Save America were designed to help leaders in the House and Senate fund the campaigns of their allies. But there is gray area in the law that the Federal Election Commission has declined to close, making them virtual slush funds that have helped support public officials’ lavish lifestyles.
“I don’t think they were ever intended to be these kinds slush funds that could be used for, essentially the personal benefit of the officeholder sponsoring them,” Weiner said. “I’m not saying that any law has been broken. I think this is sort of a legal gray area.”
PACs hire lawyers regularly, but generally for other purposes. Lawyers often file paperwork with the Federal Election Commission, help candidates get on the ballot in various states, or even help get through a recount.
The Jan. 6 Committee dinged Trump for fundraising for an “Official Election Defense Fund” in the days after the 2020 election, when the fund didn’t exist and instead went to Save America. But Trump has more recently used his legal issues to ask his supporters for money, with the money going to a fundraising vehicle that currently pours into his 2024 campaign and Save America. (Campaign money cannot be used for personal expenses.)
After his March indictment, Trump’s fundraising arm sent out a photoshopped fake mugshot in an email seeking donations. Since Wednesday, Trump’s main fundraising arm has sent messages to supporters saying, “Democrats want to seize my properties,” referring to New York Attorney General Letitia James’ ability to seize his personal assets if he fails to pay the $454 million judgment in the Trump Organization case.
Meanwhile, much of Save America’s money is coming from ordinary people. The fundraising arm brought in $50.5 million in donations smaller than $200 in 2023 alone, the latest information that is available from the Federal Election Commission.
Former President Donald Trump is seen March 16 in Ohio.
Trump’s ‘drain on resources’ keeps him behind Biden
The enormous legal bills have caused Trump to fall behind in 2024 campaign fundraising, both in his own funds and the funds of the Republican National Committee, which is now under pressure to help Trump out of his legal jeopardy.
But the election likely will be decided by a small number of votes, so a significant spending advantage could make a difference and Trump’s legal issues are a “distraction and a drain on resources,” he added.
President Joe Biden’s campaign raised $21.3 million in February and spent $6.3 million, increasing its cash from $56 million at the end of January to $71 million at the end of February. In the same time period, Trump’s campaign collected $10.9 million and spent $7.8 million, increasing its cash from $30.5 million in January to $33.5 million.
The numbers show that Biden’s campaign is sitting on $37.5 million more cash than Trump’s, meaning that if the former president hadn’t spent more than $64 million on legal bills, and had instead put the money in his campaign account, he would have more money in the bank than the current president.
“I think both sides are going to have a lot of money, but if Trump has to divert a lot of his resources to his legal problems that’s money that’s not going to be spent on getting out the vote,” said Conant, who worked on U.S. Sen. Marco Rubio’s presidential campaign in 2016.
The Democratic National Committee, which is helping re-elect Biden, also continues to outpace the Republican National Committee, where Trump loyalists have taken hold. The DNC had $26.5 million in cash at the end of February, compared with $11.3 million for the RNC.
The campaign accounts and party committees provide an incomplete picture of the financial resources available to help the candidates. The fundraising arms both candidates use, who also called joint fundraising committees, are not required to provide an update on their finances until April 15.
Biden’s campaign announced this week that it raised $53 million through its various committees and the Democratic National Committee in February and had $155 million in available cash. Trump’s campaign did not announce joint fundraising committee numbers.
Trump will need a new way to pay legal bills going forward
Going forward, Trump will need a new fundraising scheme to pay his legal bills. That’s because MAGA Inc. can only refund up to $60 million back to Save America. It’s refunded $52.3 million through the end of February. At the current rate, the remaining $7.7 million would run out in mid-April.
MAGA Inc. may have that money. The super PAC saw a fundraising boost in February, when it raised $12.8 million last month, up from $7.4 million in January, and has $25.5 million in available cash. That increase was thanks in part to a $5 million donation from Robert Bigelow, a Las Vegas tycoon who believes aliens can be found on earth.
“You could wonder, ‘Why aren’t they just paying the legal bills from the super PAC?'” said Weiner, from the Brennan Center in New York. “But they must feel for whatever reason that it’s more legally advantageous to pay the bills from the leadership PAC.”
A new fundraising vehicle could come to the rescue. His allies have set up a new joint fundraising committee, called the Trump 47 Committee. It will divvy what it raises it among the Trump campaign, Save America, the Republican National Committee, a PAC called the Presidential Republican Nominee Fund 2024 and Republican committees in 37 states, Guam and the District of Columbia.
Poland demands explanation from Russia after a missile enters its airspace during attack on Ukraine
Vanessa Gera and Tony Hicks – March 24, 2024
KYIV, Ukraine (AP) — Poland demanded an explanation from Russia on Sunday after one of its missiles strayed briefly into Polish airspace during a major missile attack on Ukraine, prompting the NATO member to activate F-16 fighter jets.
It was Russia’s third big missile attack on Ukraine in the past four days, and the second to target the capital, Kyiv.
The governor of the Lviv region, Maksym Kozytskyi, said on the Telegram platform that critical infrastructure was hit, but he didn’t specify what precisely was struck. No deaths or injuries were reported.
Later, authorities said that rescuers had just put out a fire at a critical infrastructure facility in the Lviv region, which had been attacked with missiles and drones at night and in the morning.
The head of Kyiv’s military administration, Serhiy Popko, said Russia used cruise missiles launched from Tu-95MS strategic bombers. An air alert in the capital lasted for more than two hours as rockets entered Kyiv in groups from the north.
He said the attacks were launched from the Engels district in the Saratov region of Russia.
According to preliminary data, there were no casualties or damage in the capital, he said.
Armed Forces Operational Command of Poland, a member of NATO, said in a statement that there was a violation of Polish airspace at 4:23 a.m. (0323 GMT) by one of the cruise missiles launched by Russia against towns in western Ukraine.
The object entered near Oserdow, a village in an agricultural region near the border with Ukraine, and stayed in Polish airspace for 39 seconds, the statement said. It wasn’t immediately clear if Russia intended for the missile to enter Poland’s airspace. Cruise missiles are able to change their trajectory to evade air defense systems.
Polish Defense Minister Władysław Kosiniak-Kamysz later told reporters in a televised news conference that the Russian missile would have been shot down had there been any indication that it was heading towards a target in Poland.
He said that Polish authorities monitored the attack on Ukraine and were in contact with Ukrainian counterparts. Polish and NATO F-16s were activated as part of the strategic response.
He said the missile penetrated Polish airspace about a kilometer or two (a half-mile to around a mile) as Russia was targeting the region around Lviv in western Ukraine.
“As last night’s rocket attack on Ukraine was one of the most intense since the beginning of the Russian aggression, all the strategic procedures were launched on time and the object was monitored until it left the Polish airspace,” he said.
On the diplomatic front, the Polish foreign ministry said that it would “demand explanations from the Russian Federation in connection with another violation of the country’s airspace.”
“Above all, we call on the Russian Federation to stop the terrorist air attacks on the inhabitants and territory of Ukraine, end the war, and address the country’s internal problems,” the statement read.
Andrzej Szejna, a deputy foreign minister, told the TVN24 broadcaster that the foreign ministry intended to summon the Russian ambassador to Poland and hand him a protest note.
Henryk Zdyb, the head of the village of Oserdow, said in an interview with the daily Gazeta Wyborcza that he saw the missile, saying it produced a whistling sound.
“I saw a rapidly moving object in the sky. It was illuminated and flying quite low over the border with Ukraine,” he told the paper.
Since Russia launched a full-scale invasion of Ukraine more than two years ago, there have been a number of intrusions into Polish airspace, triggering worry in the European Union and NATO member state and reminding people of how close the war is.
“We have to come to terms with the fact that the war is taking place right next to us, and we are part of the confrontation between the West and Russia,” commentator Artur Bartkiewicz wrote in the Rzeczpospolita newspaper Sunday.
In 2022, two Poles were killed in a missile blast. Western officials blamed those deaths on a Ukrainian air defense missile that went astray, but also accused Russia of culpability because it started the war, with the Ukrainian missiles launched in self-defense.
On Saturday night, one person was killed and four others were wounded in a Ukrainian missile attack on Sevastopol on the Russia-occupied Crimean Peninsula, city Gov. Mikhail Razvozhaev said on his Telegram channel.
Lisa Murkowski, done with Donald Trump, won’t rule out leaving GOP
Manu Raju, CNN – March 24, 2024
Sen. Lisa Murkowski, aghast at Donald Trump’s candidacy and the direction of her party, won’t rule out bolting from the GOP.
The veteran Alaska Republican, one of seven Republicans who voted to convict Trump in his second impeachment trial amid the aftermath of January 6, 2021, is done with the former president and said she “absolutely” would not vote for him.
“I wish that as Republicans, we had … a nominee that I could get behind,” Murkowski told CNN. “I certainly can’t get behind Donald Trump.”
The party’s shift toward Trump has caused Murkowski to consider her future within the GOP. In the interview, she would not say if she would remain a Republican.
Asked if she would become an independent, Murkowski said: “Oh, I think I’m very independent minded.” And she added: “I just regret that our party is seemingly becoming a party of Donald Trump.”
Pressed on if that meant she might become an independent, Murkowski said: “I am navigating my way through some very interesting political times. Let’s just leave it at that.”
Murkowski hasn’t always been on the outs within her party. Appointed in 2002 by her father, Gov. Frank Murkowski, the senator’s politics were in line with the president at the time – George W. Bush – as she maintained a tight relationship with the senior GOP senator from her state, Ted Stevens, who helped build Alaska through federal dollars he funneled back home.
She later found herself at odds with Sen. John McCain’s running mate, the then-Alaska Gov. Sarah Palin, who had been sharply critical of her father. As the tea party rose in 2010, Murkowski was at sharp odds with the insurgent right-wing of her party. She lost a primary in 2010 to Republican Joe Miller, only to later hold on to her seat after she became the second candidate ever to win a write-in campaign for Senate in the general election.
Murkowski skated to reelection in her next two elections, even after voting to convict Trump in 2021, voting against Brett Kavanaugh for the Supreme Court in 2018 and supporting Ketanji Brown Jackson in 2022. She had been targeted by Trump and his allies in 2022 but was backed by Senate GOP Leader Mitch McConnell and his high-spending outside group.
In the 2024 cycle, Murkowski – along with Republican Sen. Susan Collins of Maine – offered a late endorsement of former South Carolina Gov. Nikki Haley, just days before she dropped out of the race.
Now, Murkowski is clear she’s ready to move past Trump. Asked about Trump’s recent comments that Jewish people who vote for Democrats must “hate” their religion, Murkowski said it was an “incredibly wrong and an awful statement.”
And Murkowski pushed back when asked last week about Trump’s other controversial rhetoric, namely that he views January 6 prisoners as “hostages” and “patriots” who should be pardoned.
“I don’t think that it can be defended,” Murkowski said. “What happened on January 6 was … an effort by people who stormed the building in an effort to stop an election certification of an election. It can’t be defended.”
Map of areas controlled by Ukrainian and Russian forces in Ukraine, as of March 21, 2000 GMT (Valentin RAKOVSKY)
Ukraine claimed Sunday to have hit two Russian military ships stationed at the annexed peninsula of Crimea in overnight strikes, as it suffered another night of “massive” Russian aerial attacks.
And Ukraine’s ally and neighbour Poland said a Russian cruise missile headed for western Ukraine briefly breached its airspace overnight, after it had put its armed forces on high alert amid intense Russian aviation activity.
“The Ukrainian Armed Forces successfully struck the amphibious landing ships Yamal and Azov, a communications centre, and a number of the Black Sea Fleet’s infrastructure sites,” the Ukrainian armed forces’ strategic communications centre said Sunday.
Moscow-installed officials on the peninsula, which Russia seized in 2014, said their forces had repelled a major Ukrainian aerial attack late Saturday night.
“It was the most massive attack in recent times,” the Russian-appointed governor of Sevastopol, Mikhail Razvozhayev, said in a Telegram post.
He said a 65-year-old man was killed and four people injured. He did not mention any damage to Russian war ships.
Footage shared on social media showed a large blast in the city, sending a fireball and plume of black smoke into the air, as well as what appeared to be Russian air defences intercepting incoming projectiles.
Ukraine has claimed to have destroyed around a third of Russia’s Black Sea Fleet since the start of the war, usually in attacks at night using sea-based drones packed with explosives.
Satellite images show Russia has moved much of the fleet further east, to the port of Novorossiysk, amid the spate of attacks.
Moscow also recently replaced its navy chief.
– ‘Goal of destroying Kyiv’ –
Ukraine’s capital Kyiv and the western region of Lviv also came under a “massive” Russian air attack early Sunday, officials said, though no casualties were reported.
Ukraine’s air force said Russia had fired 29 cruise missiles and 28 drones at its territory overnight.
It said it had downed 18 of the missiles and 25 drones.
Russia has significantly escalated its air attacks against Ukraine in recent days, in what it says is retaliation for a wave of Ukrainian strikes on its border regions.
In the early hours of Friday, Moscow launched its largest aerial barrages against Ukraine’s energy sector since the start of the war, firing almost 90 missiles and 60 drones.
Russia has also resumed targeting Kyiv, carrying out its first strikes at the city since early February.
Russia “does not give up its goal of destroying Kyiv at any cost,” Sergiy Popko, head of the city’s military administration, said on Telegram.
Russia’s defence ministry said Sunday it had launched a “group strike” against Ukrainian military and energy targets overnight.
“All the goals of the strike have been achieved,” it said, claiming to have hit weapons factories.
Russian forces shot down “22 aerial targets” headed toward the city of Belgorod, not far from the Ukrainian border, the region’s governor Vyacheslav Gladkov said Sunday on Telegram.
Gladkov said four people were injured and taken to hospital as a result of the Ukrainian strike. He said seven apartment buildings and seven houses were hit and emergency and cleanup operations were underway.
– Polish airspace breach –
US Ambassador to Ukraine Bridget Brink said Russia “continues to indiscriminately launch drones and missiles with no regard for millions of civilians, violating international law,” in a post on X.
Poland’s army said Sunday that one of the Russian missiles fired at western Ukraine had entered its airspace.
“The object flew through Polish airspace above the village of Oserdow (Lublin province) and stayed for 39 seconds,” the army posted on X.
The country’s Armed Forces Operational Command (RSZ) had said earlier that its forces were on a heightened state of readiness because of the “intensive long-range aviation activity of the Russian Federation tonight” and the missile attacks in Ukraine.
Poland, which has been a staunch ally of its neighbor Ukraine since Russia invaded in February 2022, said Sunday that it would demand an explanation from Moscow.
Ukraine war: Two Russian landing ships hit off Crimea, officials say
James Gregory & Paulin Kola – BBC News – March 24, 2024
Kyiv’s mayor has told residents not to leave shelter
Ukraine says it has hit two landing ships, a communications centre and other infrastructure used by Russia’s Black Sea fleet off annexed Crimea.
An announcement by the Ukrainian general staff said the Yamal and Azov ships had been destroyed.
The Russian-installed governor of the port of Sevastopol said 10 Ukrainian missiles had been shot down.
Russia also launched a missile and drone attack on the capital, Kyiv, and the region of Lviv early on Sunday.
In an announcement, Mikhail Razvozhayev, the Russian-appointed mayor of Sevastopol, said damage had been caused to residential buildings and transport infrastructure as a result of the “massive” attack.
He asked residents not to publish information or any images.
UK Defence Secretary Grant Shapps praised the attack on the Russian ships, calling it a “historic moment for Ukraine”.
“In plain English, it means that Putin can no longer exercise safely in the Black Sea, even though the Russian Fleet has operated there since 1783,” Mr Shapps said.
He added that the world “cannot afford” for Ukraine to lose this war, and that the UK’s support for Kyiv in the face of Russian assaults “will remain undimmed”.
The BBC has not been able to verify the Ukrainian claim to have damaged the Russian landing ships, which are used to land troops and equipment straight to shore without the need for a pier or dock.
On Sunday morning, Kyiv residents took shelter in metro stations as the attack began at 05:00 (03:00 GMT).
Officials said their defences had shot down 18 Russian missiles and 25 drones there. There was only minor damage.
About 20 Russian missiles and seven drones targeted “critical infrastructure” in the western region of Lviv. No damage has been reported.
One of the cruise missiles entered the airspace of neighbouring Poland, a Nato member, the armed forces announced.
“The object entered Polish space near the town of Oserdow and stayed there for 39 seconds. During the entire flight, it was observed by military radar systems,” the armed forces said in a statement.
“If there was any premise indicating that this object was going in the direction of any targets located in Poland, of course, it would have been shot down and more adequate measures would have been taken,” Defence Minister Wladyslaw Kosiniak-Kamysz said.
Parts of a cruise missile fell on a park in Kyiv
Russia annexed Crimea in 2014 and launched a full-scale invasion of Ukraine in February 2022.
There has been an increase in aerial attacks by both sides in the past few days, even as Russia makes slow progress in taking some territory in the east of the country.
And Ukraine has been hitting targets in Crimea more regularly.
In particular, Ukraine has repeatedly hit the Black Sea fleet – seen as the best of Russia’s navy. Satellite images last year showed many of the Crimea-based warships had left the peninsula for the Russian Black Sea port of Novorossiysk.
Last month, the Russian landing ship Caesar Kunikov was sunk off the coast of Crimea, according to Ukraine’s armed forces.
Its sister ship Novocherkassk was hit while in port in Feodosiya in December last year.
In one of the biggest strikes on the Black Sea fleet, last September Ukraine attacked naval targets and port infrastructure, using as many as 10 missiles and three unmanned boats. It caused a large fire at a Sevastopol shipyard.
Ukraine’s biggest scalp in naval warfare has so far been the sinking of Russia’s flagship Black Sea missile cruiser, the Moskva, in April 2022.
Ukraine has also targeted the Kerch bridge several times, as it is an important resupply route for Russian forces occupying parts of the country’s south.
Kyiv has repeatedly said it plans to retake Crimea and all territories seized by Russia.
Ukraine is critically dependent on weapons supplies from the US and other Western allies to keep fighting Russia – a much bigger military force with an abundance of arms and artillery.
As well as being a platform from which to attack Ukraine, the Black Sea fleet is a major symbol of Russia’s centuries-old military presence in the region.
It was based in Crimea under a leasing deal, even before Russia illegally annexed the peninsula.
President Vladimir Putin has said that Russia had to take control of Crimea to stop it from falling into Western hands.
Location of Russia’s Black Sea fleet HQ in Sevastopol
Trump stares down first derailment of his campaign-to-courthouse strategy
Phil Mattingly and Andrew Seger – March 23, 2024
For days, Donald Trump’s fury over the requirement to secure hundreds of millions of dollars in bond money by Monday has been bubbling behind the scenes and through a steady stream of social media posts.
Friday’s public barrage on his Truth Social platform, which included multiple all-caps posts, highlighted his persistent anger with the judge who handed down the $464 million judgment, the New York attorney general who brought the civil fraud case and Trump’s insistence that it’s all designed to derail his presidential campaign.
The posts, including one sent just before 2 a.m. Friday, contained a mix of invective and claims devoid of fact or evidence. (There is no evidence that the White House has played any role in the case brought by New York Attorney General Letitia James, let alone ordered her to pursue her effort. Nor is there any evidence that Trump, as he claimed, has plans to use any of his own money for his presidential campaign.)
But also embedded in the posts was a reality that has pushed Trump’s company and personal finances to the brink with just two days remaining to land a solution.
Trump, as he himself noted, does have a significant amount of cash, according to a review of his most recent candidate financial disclosure and personal financial statements.
It’s a point he made repeatedly in his deposition and testimony during the New York fraud trial though that diverged from his latest social media claim of having “almost five hundred million dollars in cash.” He consistently pegged the number during legal proceedings at $400 million and, barring any recent and unreported cash infusion, a person familiar with his finances confirmed that remains roughly where his cash holdings stand.
Yet even if the higher-end estimate is accurate, as Trump’s lawyers have made clear in sober, detailed filings, it wouldn’t be enough.
The $464 million decision levied in the verdict, and the bond Trump is scrambling to secure to forestall potential seizure of his properties, would require cash or cash equivalent of roughly $557 million based on industry practice.
And at least some of the money Trump does have is tied up in loan agreements that include terms requiring him to have tens of millions of dollars in cash on hand.
In other words, as the clock ticks toward the Monday deadline, securing a bond of the scale required remains – to quote Trump’s own lawyers – a “practical impossibility.”
A deft strategy
Trump’s deft navigation of – and ability to leverage – his unprecedented collision of the campaign and courthouse has defined the path he bulldozed to once again become the Republican Party’s presumptive presidential nominee.
But it was a filing by New York state lawyers at a county clerk’s office 25 miles north of Trump Tower that demonstrated how perilously close the former president is to a dramatic derailment of that strategy.
The move by James’ office to enter judgments in Westchester County marked a first step toward seizing Trump’s assets should he fail to secure a bond.
Westchester County is home to Trump’s golf course and private estate known as Seven Springs.
The initial action, which state lawyers already took in Manhattan, is just the start to what would be a complex and lengthy process.
It also came as Trump’s lawyers have continued to press to reduce or waive the bond requirement, calling it “patently unreasonable, unjust and unconstitutional,” in a Wednesday filing.
But for Trump, a man who has made his brand and his buildings his central animating feature, the filing that put a target on one of his properties crystalized a moment unlike any other he’s faced in his White House comeback bid.
“I think the whole thing is bullsh*t,” one House Republican, who communicates with Trump’s team said of the order to secure the $464 million bond while waiting for a decision on his appeal. “But it had gotten to the point where it seemed like nothing will ever stick to him, so this has been different.”
In other words, there may be actual consequences.
Enduring GOP support
Over nearly a year, as four indictments and 88 charges piled on, Trump’s poll numbers in the GOP primary tracked a steady climb.
Days when Trump faced charges, or showed up at court to face those charges, consistently ranked among his best fundraising days on the campaign.
That money, in part, has covered Trump’s legal bills so he wouldn’t have to on his own.
The lawyers that money financed have been both unequivocal about their pursuit of dilatory strategies – and have repeatedly succeeded in those efforts.
If, as countless former campaign officials say, presidential candidates’ most valuable asset is their time, Trump’s decision to repeatedly attend court hearings when his presence wasn’t required made clear his view of the incentives. So did the voters.
Trump successfully cut down – with relative ease – the best financed and most politically gifted of his primary challengers. He all but locked up the GOP nomination after just two primary contests as the party largely fell in line behind a candidate under whose tenure it lost the House, the Senate and the White House.
Trump was also the same candidate whom some publicly – and many more privately – had hoped would simply disappear after the January 6, 2021, attack on the US Capitol and the steady stream of revelations that he and his advisers had sought to overturn Joe Biden’s 2020 victory.
People around Trump say they’ve seen no sign of any political damage from his latest legal stress test. National polls continue to show a margin-of-error contest with Biden, and more importantly, surveys in the critical swing states haven’t revealed a tangible shift. New CNN polling conducted by SSRS in two battleground states showed Trump tied with Biden in Pennsylvania at 46% each, and ahead in Michigan, 50% to 42%.
Biden flipped both states from Trump’s column in 2020.
Trump’s campaign apparatus trails Biden’s team significantly in fundraising, but those around Trump are confident that the gap will be closed. The former president, these people say, has been privately working the party’s biggest donors in a way they haven’t seen before.
“The money will be there,” one person told CNN. “He’s never been more focused or effective on that front than he is right now.”
One adviser mused that any pursuit of Trump’s properties would only serve to help the campaign politically, pointing to email and text donation appeals with lines like “Keep your filthy hands off Trump Tower!” as evidence to that effect.
A cash dilemma
Still, the threat Trump currently faces cuts equally to his political and personal core. It’s also one that carries a level of irony.
In a career, and now verdict, beset by a steady stream of questions about his net worth and the value of his substantial real estate assets, Trump does have a significant amount of cash – and a valuable portfolio of properties, which could more than cover the bond amount.
But insurers rarely take real estate as collateral, fearing a complex process and skewed market where any bids on that property would come from entities well aware of the need to sell, Trump’s lawyers said.
One insurer, Chubb, underwrote a $91.63 million bond just two weeks ago in another Trump legal loss – E. Jean Carroll’s defamation case.
Trump’s team had been in discussions with Chubb over a second bond for the fraud case that included a mix of liquid assets and property. In the past week, the insurer informed Trump’s team it could not accept property as collateral.
In total, 30 insurers contacted by Trump’s team declined to pursue the effort to secure a bond. Trump, in a Truth Social posting, alluded to that fact when he noted that it “is not possible for bonding companies to do in such a high amount, before I can even Appeal. That is CRAZY! If I sold assets, and then won the Appeal, the assets would be forever gone.”
There has been a steady stream of rumors about some of Trump’s richest backers stepping in to put up the cash.
But so far there has been no confirmation of concrete requests, let alone movement toward any agreement.
Another potential pathway that Trump allies have discussed opened up Friday when investors approved a merger that made the former president’s media enterprise, Trump Media and Technology Group, a public company. Trump’s holdings in the new company would, on their face, net him billions in stock.
But the availability of that cash from the parent company of Truth Social would be subject to a six month “lockup” period that would hamstring Trump’s ability to sell any shares or use them as collateral. The billions Trump stands to gain exist only on paper – and would be subject to the price fluctuations of the stock when it starts to trade.
Any effort by Trump to get around that lockup period in order to monetize his shares would likely have a direct, and negative, effect on the stock’s price.
Watching his image
Trump has repeatedly dismissed the idea of pursuing bankruptcy, which would freeze the proceedings for what would likely be an extended period of time.
The reasons, advisers say, cut across personal and political concerns.
Trump has been publicly vocal about the deep scars he carries from bankruptcies decades ago.
“It was an experience that I don’t think I want to go through it again,” Trump said in a 1992 interview with Charlie Rose. “You’re really in a position where I think that if you had to do it again, I’m not sure you could. I went through a period of two years that was truly tough.”
Trump is also cognizant of the potential threat it could pose to his carefully crafted image that sits at the heart of his political salience: that of a billionaire business tycoon.
“No chance,” one adviser said of Trump pursuing bankruptcy. “He’d rather have Letitia James show up and try and seize his properties.”
Whether that version of the campaign and courthouse convergence plays out will be made clear in the days ahead.
For now, however, it has become clear as the deadline to secure the bond looms ever closer, that the playbook that has driven Trump’s political comeback has run into hurdles in the form of hundreds of millions of dollars.
That’s a problem the only political opponent who has ever defeated Trump is happy to highlight.
“I know not everyone is feeling the enthusiasm,” Biden joked at a Dallas fundraising reception this week. “Just the other day a defeated-looking man came up to me and said, ‘Mr. President, I have crushing debt, and I’m completely wiped out.’ And I had to look at him and say, ‘Donald, I’m sorry. I can’t help you.’”
“He’ll never leave”: Why Trump’s dynasty, built on corruption and violence, won’t end with him
Dean Obeidallah – March 22, 2024
Donald Trump Win McNamee/Getty Images
No, you’re not being hyperbolic if you say MAGA is a fascist movement. You’re just being accurate. That was one of the biggest points made by NYU historian Ruth Ben-Ghiat, author of the book “Strongmen: Mussolini to the Present,” during our recent “Salon Talks” conversation.
Ben-Ghiat explained that Donald Trump is leading a “right-wing counterrevolution against the loss of white male privilege,” aimed at taking America back to the time when women, nonwhite people and non-Christians “knew their place.”
But what truly defines MAGA as fascist, Ben-Ghiat said — rather than just right-wing — is its use of violence. “Fascists believe that violence is the way to change history,” she told me. We saw that clearly enough on Jan. 6, 2021, with the attack on the Capitol mean to keep Trump in power despite his loss in the 2020 election.
What is most worrisome going forward, Ben-Ghiat suggested, is Trump’s defense of the Jan. 6 attackers as “hostages” and his promises to pardon them, which seek to change “the perception of violence.” Trump’s message to his loyal followers, she said, is that “violence is sometimes morally necessary and even righteous, and even patriotic.” That, she added, is “what we call sacralizing violence, giving violence a kind of ritual, religious tone.”
Ben-Ghiat sees Trump’s promise to pardon the Jan. 6 insurrectionists as intended to inspire his supporters to commit future acts of violence if that can help him win. The implied promise is that if they commit violent acts and Trump regains the White House, he’ll pardon them too. That’s straight out of the autocrat’s playbook, Ben-Ghiat says: “All authoritarians use pardons” and manipulate the justice system to maintain power.
Ben-Ghiat says she’s not trying to scare us, only to prepare us for what we’re likely to see between now and November — and for a good while after that if Trump wins. Too many Americans still don’t believe, Ben-Ghiat warns, that “it can happen here” — “it” being a fascist takeover. History tells us those people are wrong.
Watch my full conversation with Ruth Ben-Ghiat here or read a transcript of our conversation below, edited for length and clarity.
You’ve been discussing and studying this issue for years, but it seems even more important than ever to talk about authoritarianism.
It’s incredible that it could be upon us. Here’s Trump saying he’s going to be a “dictator for day one,” but we know that they’re never dictators for day one. They never relinquish their powers, so it’s extremely important to understand what we’re up against.
Despite Trump saying he wants to be a dictator and facing 91 felony counts for his attempted coup, the GOP base and millions of Americans still love him. What do you take from that?
Sadly, in history, when these charismatic demagogues come to power, they use emotions to manipulate people. Trump says, “I love you” to his people. He told them he loved them on Jan. 6. He builds a personality cult so he poses as the victim, which is really important because not only are all his crimes presented as persecutions by the “deep state,” but saying he’s being persecuted makes his followers feel protective of him.
You have quotes from MAGA people saying, “Oh, it’s so distressing. We have to be there for him.” That’s what Jan. 6 was. It was many things. It was a violent coup attempt. But he was a leader in distress and he called on people, he brought them to the rally and they responded. They were trying to rescue him. This happens in history. I have quotes in “Strongmen” with people, actual fascists sitting in jail in 1945, where they’re like, “Oh, I was completely magnetized by Mussolini. I didn’t realize what was going on.” So that’s how I see it.
Is history warning us about the fact that Trump has not been held accountable by the system? There was such a long delay in investigating him. He’s finally charged and now he’s using his lawyers to manipulate the system to keep him on the ballot, and maybe not have any of the serious criminal trials before Election Day.
It’s very disheartening, and no one is going to save the American people. My mantra has always been, “Never underestimate the American people.” We had the Women’s March, we had Black Lives Matter. These were the largest protests in history, and they led to electoral [change] in the midterms in 2018 and 2022.
We’ve got to do it. We can’t depend on our institutions, which is very sad in a democracy. But our democracy has been so damaged, including the Supreme Court with Justice Thomas who wouldn’t recuse himself. There’s a whole attempt to delegitimize democracy, and not just Joe Biden, but the whole system. So we have to do this from the ground up.
From an academic point of view, is MAGA an authoritarian movement? Is it a fascist movement? Where does it fall?
It’s pretty fascist.
Why?
The reason I wrote “Strongmen” was to have this 100-year history of authoritarianism, almost all right-wing, because that’s my specialty. Obviously communists had a higher body count than fascism, so I could have put them in there, but for narrative and other reasons, I focus on the right wing. Fascism was the first stage of authoritarianism, but it continued in different forms, like the Cold War military dictatorships.
Trump is very similar to Mussolini in many ways. It checks all the boxes, where it’s this huge right-wing counterrevolution against the loss of white male privilege, and it’s to save civilization, and the whole “great replacement” theory, which is big in the MAGA base, the idea that nonwhites and non-Christians are having too many babies: We’re going to be extinguished. Mussolini talked about this too. You can track a whole series of checkpoints and talking points, and they’re pretty much the same.
What’s the core of fascism? And why do you, as an academic, look at MAGA and say, “Yep, it’s now fascist”?
Mussolini actually was a great sloganeer. He created fascism and had one very simple definition. He called it “a revolution of reaction.” Both those things are true because it upends everything. It disrupts everything. It uses violence. Fascists believe that violence is the way to change history. Rep. Matt Gaetz of Florida, he came to the Iowa State Fair to help Trump in the summer. People are eating their corn dogs, there’s kids there, and he says, “Only through force will we bring change to corrupt D.C.” This is after the coup that tried to do that. So that’s the revolution part. People are given permission to be their most violent selves, their worst selves. It’s a collapse of morals.
The reaction is what I was saying before, where you want to turn the clock back to “the good old days.” MAGA wants to make the nation “great again” by going back to times when women knew their place, as did nonwhites and non-Christians, so things were as they should be. This is part of authoritarianism, which is also a set of attitudes about child-rearing, about traditions, about male authority. All of that, Trump says, is threatened, and so the MAGA base is responding to that.
As an expert in authoritarianism, when you hear Donald Trump defending the people who attacked the Capitol, calling them “hostages” and saying they’ve been treated unfairly, pledging to pardon them, does that raise red flags for you? And if it does, what does it mean?
Totally. One of the major things that fascists did, and that Trump is doing — he’s been doing this through his rallies with frightening relentlessness — is to change the perception of violence. To get people to see that violence is not negative, including violence against your neighbors, or that you’re going to look the other way when your neighbor’s deported. Violence is sometimes morally necessary and even righteous, and even patriotic. He has used his rallies since 2015, and I wrote about this in my report for the Jan. 6 committee, where he’d say, “Oh, in the old days we used to be able to beat people up and nothing happened.” This is thug talk. This is part of fascism.
So Jan. 6 becomes this righteous “Stop the Steal.” The people who have been arrested become patriots. He almost is doing what we call sacralizing violence, giving violence a kind of ritual, religious tone. In his rallies, he has the Jan. 6 prisoners choir sing. This is totally fascist. Trump has these fascist spectacles.
I wrote an essay for Lucid when he kicked off his campaign at Waco, Texas. What a choice! He had the choir and the spectacle of it reminded me of Hitler’s Nuremberg rally. I think I entitled my essay, for my Substack newsletter, “Triumph of the Will, Waco Version.” He knows exactly what he’s doing because he’s a showman, he’s a man of TV, he’s a man of the camera. It’s really scary and it really works. That’s what all of that is about. The pardons are about encouraging people to do more violence, thinking that they’re not going to pay any consequences. That’s actually the essence of authoritarianism and fascism: You arrange government so that you can be violent and corrupt, and get away with it.
When Trump says “I’m going to pardon you for committing these crimes,” then the message becomes “If you commit crimes for me as we get closer to the election, I will do the same for you.”
That’s right. We also want to talk about not just Trump, but the enablers. So Rep. Paul Gosar, who should not be anywhere near government, in my opinion, who hangs out with Nazis, he was promising people pardons to get all the thugs he knew, all the right-wingers who were violent, to come on Jan. 6 — promising them pardons because Trump had just pardoned all these violent people like Roger Stone and Michael Flynn and Steve Bannon. That’s the environment.
All authoritarians use pardons because why do you want people sitting in jail, the worst people in the world, who are for you the best people, when they could be serving you? So Mussolini, Pinochet, they all use pardons to free up the people they need. It’s really awful, but this is where we are.
The fact that you know all this, does it scare you more?
I do. It’s a little eerie that things are unfolding exactly as they have — well, not exactly as they have in the past because it always looks different, which is why some people don’t see it coming. Because no, we’re not 1930s Germany, even though Trump’s saying, “I hope the economy crashes,” which is the Hitler playbook. But it redoubles my mission to speak out and to warn people. The challenge is to reach more people now, reach the people who usually don’t vote, who have no idea.
There was a poll that was very disturbing that said, I forgot what percent, a lot of Americans have never heard Trump’s authoritarian declarations. They’d never heard any of that, and some of them don’t know about his crimes because they don’t follow the news at all.
As a historian, are you concerned that there are Americans who sincerely believe it can’t happen here? “It” being fascism, authoritarianism and the end to self-determination as a people.
Oh, absolutely. Even when I’m speaking to people, and these are people who have come to hear me, so they know what I’m about, when I say things like, “The GOP is an autocratic entity, or it’s become autocratic” — I don’t use the word fascist often — you can see that they’re kind of, “Well, this is a little exaggerated.” It’s like a mental divide between what we hear about abroad and what we are. In the meantime, they’re going to pick their kid up from school, they’re going to the gym, and they don’t have any conception of how their lives would be affected. So it just seems like some blathering by a professor, and that is frustrating.
Sticking to Trump and what he says, at a rally recently, he mocked President Biden’s stutter. At another rally last year, he made fun of Paul Pelosi, Nancy Pelosi’s husband, a man in his 80s who was hit in the head with a hammer. Trump doing that is one thing, but what is more bone-chilling to me is when he did that, the crowd cheered and laughed. With Biden’s stutter, the crowd cheered and laughed. What does that indicate to you?
This is part of his re-marketing of violence as positive. That’s the Pelosi part. There’s a reason that threats to members of Congress and their families are up like 400%.
Mocking the speech impediment is about cruelty. To have an autocracy, you need people to be cruel. You need them to think that solidarity and empathy and kindness are for weak people. That’s totally fascist. That’s what fascism is. In fact, Mussolini, who, like Hitler, read Nietzsche, the philosopher of the Übermensch and all that, and took away from it that if somebody is weak and they’re on a cliff, you should just push them because they’re useless to society. That’s the philosophy. Trump also made fun, years ago, of a New York Times reporter with a disability. And the disabled, just to take that theme for a second, have always been persecuted by fascists and others.
When Biden gave the State of the Unionaddress,he raised the alarm about Trump. What more should he be doing, in talking about Trump, to alert our fellow Americans?
I was glad that he was doing that. You have to respond forcefully. This whole thing partly includes Putin’s maneuvers in Ukraine. Biden came to office and in his first press conference said, “We’ve got to prove democracy works.” So from the very beginning, he was going to not only save democracy in our country, but prove it works abroad and stop these people.
He had a summit with Putin in the summer of 2021. They sat there and Putin was placed as an equal visually, and they had the globe between them. It was in Geneva. I looked at Putin — because I live in these people’s heads, unfortunately — and I got a really bad feeling. He was also being grilled by the U.S. press, including by female journalists, and he didn’t like that at all. He was put on the spot by a female American journalist. I thought, “This is bad,” because there was something about him. So that night I wrote for my Lucid newsletter that Putin could become very reckless over the next months because he felt extremely threatened that Biden was there instead of Trump. It was a nightmare for him that Trump didn’t win. He was risking a lot.
Then we know what happened. He went into Ukraine and before that, he and China made a formal alliance. And so all of this, one way to read it is it’s because of Biden’s commitment to democracy. Now, after Jan. 6, he’s there. He almost didn’t make it into office, but now he’s there and we’re at the showdown. I think he needs to be even more forceful, but at least he’s stepped up.
Trump recently invited Viktor Orban, the prime minister of Hungary, to Mar-a-Lago. He said, “There’s no one that’s a better or smarter leader than Viktor Orbán. He’s fantastic.” What alarm bells go off when you hear that?
Trump has actually been conditioning Americans to see authoritarian leaders like Orbán as positive role models, as well as saying, “I’m going to be a dictator.” One of the interesting things he said after that was that Orbán is a “non-controversial leader because he says, ‘This is the way it’s going to be,’ and everybody accepts it, end of discussion.” So what Trump is saying is that literally being a dictator, dictating what you’re going to do and everybody just submits, shouldn’t be controversial. It’s how it’s going to be.
He’s using these visits not just to curry favor with these autocrats and whatever dirty deals they’re going to have — and it’s all about Putin, because Orbán is a client of Putin — but he’s using these occasions to keep indoctrinating Americans that this is the leadership they’re going to have.
It resonates with some folks in the base. I see interviews where people are like, “Yes, he’ll be a dictator just in the beginning to get everything right.” And you’re like, “You are not upset that he’ll be a dictator because he’ll be your dictator.” That’s the way it is. If Biden said, “I want to be a dictator,” the right would go ballistic, as they should.
They already say he’s a dictator. That’s what I call the upside-down world of authoritarianism. Marjorie Taylor Greene and others talk about the “Biden regime.” Mussolini did this: Liberal democracy is tyranny, fascism is freedom. Then we get all the way to Auschwitz, where the gates of said, “Work will set you free.” That’s the upside-down world of authoritarianism.
We’re seven or eight months out from the election right now. As we get closer, do you have concerns about violence by the MAGA movement?
I do, because they’re being egged on. There was a news item out of Kansas, where there was a Republican fundraiser and they were using an effigy of Biden and encouraging people to attack it. This kind of violence against anybody who is trying to hold Trump accountable or protect democracy could easily, because of our lax gun laws, happen as the election nears.
If Trump loses in 2024, do you expect a similar scenario as we saw after 2020? Even a call for another Jan. 6-style attack?
I do. Sometimes I’ll have these thoughts and then they come to me and I’m like, “Oh, that’s not good.” It’s very interesting, when a president loses and a new one’s going to come in, there’s a transition team. That transition team is activated after the election is known. Project 2025, which has tens of thousands of people, 70 organizations, it builds itself as a transition team. Probably millions of dollars are being spent with giant staffs to plan a transition as though they think that whatever happens, they’re coming into power. So that is disturbing, and that’s a part of Project 2025 we haven’t thought about. Why are they doing all this if it’s going to be a free and a fair election, and they could lose?
It’s important for President Biden, as a defender of democracy, to adhere to democratic norms. Right now, there’s a debate about whether Biden should give him the standard national intelligence briefing. Do you think that is it in the nation’s best interests for Biden to adhere to this tradition that goes back to the time of Truman or, given the threat that Trump presents — and that he’s actually charged with felonies for mishandling classified documents — should Biden not give him the briefing?
Somebody who has instigated a violent coup to overthrow the government and kept classified documents in the bathroom of his private residence is not exactly trustworthy. It’s not just Trump, it’s also Jared Kushner. We need to be investigating how he came out of the Trump administration immediately into the hands of the Saudis. It’s a whole flow of illicit money and networks. Absolutely he cannot be briefed. If that happens, that’s actually very naive.
If Trump wins in 2024, do you think he would leave office peacefully in 2028?
No. He’ll never leave, and if he falls ill or something, there’s other Trumpers waiting in the wings. It’s a dynasty. You could even see they’re talking about Jared Kushner as secretary of state, which would be perfect for crime, for corruption. You don’t know what will happen, but they build dynasties, and Trump has always had a family business. His two sons are not exactly equipped to take on high public office, but there are other people around. Lara Trump was just put in charge of the Republican National Committee so that every penny will go to [the Trump campaign]. This is classic corruption. So it could be anyone. It could be Lara Trump, who knows? As long as they keep control.
How’s this going to end if Trump ends up being convicted, he loses the election, he’s convicted and put in prison? With authoritarian movements from the past, do you have any guide? Does that weaken the movement, or no?
Yeah, there are polls showing that if he’s actually convicted and sent to jail, he may become irrelevant. We can contrast what has happened after Jan. 6 here with Brazil, where they had a military coup in 1964. They had over 20 years of horrible dictatorship, with torture and all kinds of things, that only ended in 1985. The political class, the judges, they all know. They were there, or their parents were there.
Brazil had its own insurrection, on Jan. 8 [in 2023], but the former president Jair Bolsonaro has been banned from politics until 2030, so his popularity is going down. Same thing happened in Italy without an insurrection: Silvio Berlusconi had over 20 indictments and 14 major corruption trials. He was finally convicted two years after he left office and banned from politics for five years. That’s when his amazing, formidable personality cult shriveled. Because personality cults, they’re like plants. You’ve got to water them, you got to tend to them, and they need the person to be viable and active. If they’re in jail or they’re banned from politics, that’s what you need to end them. So I hope to goodness that happens.
Going once, going twice: How Trump’s cash and properties would be garnished and auctioned to pay his NY fraud debt
Laura Italiano – March 23, 2024
AG Letitia James plans to go after Trump’s cash and property if he doesn’t pay his civil fraud debt.
Trump’s bank accounts could be garnished and his properties sold at sheriff’s auction.
One of New York’s top judgment enforcement attorneys explains how that process would play out.
Don’t expect to see a gold-plated toilet dragged to the curb outside Trump Tower. Nor will there be padlocks summarily clapped on the glass revolving doors of 40 Wall Street or Trump Plaza.
Donald Trump’s March 25 deadline for showing Attorney General Letitia James the money — the now $457 million civil fraud judgment he owes New York — will likely come and go without any outward signs of tumult.
But if Trump doesn’t come up with the cash, bond, bankruptcy, or appellate stay that he needs to stop her, James has promised to immediately begin “enforcement,” a process that includes the potential seizing of his bank balances and the sheriff’s sale of some of his New York City and upstate New York properties.
And the estimated $3 billion he’s expected to reap six months from now, from taking Truth Social public, may come too late to ward off the auctioneers.
Bernard D’Orazio is a veteran Manhattan judgment-enforcement attorney who one city Sheriff’s Office insider calls “the best collection lawyer in New York.”
Here is D’Orazio’s myth-dispelling, step-by-step guide to what likely happens next.
Trump doesn’t have to do a thing
Trump is not legally bound to do anything on March 25, said D’Orazio, principal attorney at Bernard D’Orazio and Associates.
“He’s fully within his legal rights to do nothing, and if he fails to pay, he cannot be put in jail,” D’Orazio said.
“We don’t jail debtors anymore. We only jail them, in rare cases, if they don’t comply with court orders and are found in contempt of court,” he said.
“But the burden to do anything falls squarely on the winner, meaning the judgment creditor, which is what we call whoever won the lawsuit,” he added. “It’s their burden to seek enforcement of the judgment.”
So it’s all up to Letitia James?
It’s up to the attorney general to start enfocement, but she will have lots of help from New York’s Civil Practice Law and Rules and the sheriff’s offices of New York City and Westchester County. That’s where Trump has the bulk of his properties and where D’Orazio expects James would focus her efforts.
“The burden is on Letitia James to find Trump’s assets” and decide what she wants garnished or auctioned, he said.
That’ll be the easy part.
After five years of investigating and suing Trump — and regular updates from a court-ordered fraud monitor who’s been watching Trump Organization’s finances these past 16 months — James knows a lot about the worth and location of the GOP frontrunner’s cash and assets, something D’Orazio said will save her a lot of time.
But regardless of whether she decides to target Trump’s cash, his real estate, or a combination of both, it would be the county sheriffs who would actually garnish Trump’s bank balances and auction his real estate, he said.
Trump posed outside the 55-story Trump Palace, at 69th Street, between Second and Third Avenue, in 1990.AP Photo/Mark Lennihan
“It is old school,” said D’Orazio. But we’re not talking about old-timey western movie sheriffs with cowboy hats and stars on their chests, he joked.
“Our legal system comes out of the British system, where ultimately, the enforcement of a civil judgment comes down to the sheriff,” he said.
So what happens first?
D’Orazio predicts James would first target the cash that Trump and the Trump Organization keep in New York-registered bank accounts.
“There may be a quick path forward in seeking to freeze his liquid assets,” he said.
“That can be done by the Attorney General sending a letter to the banks where his accounts are located. That doesn’t put the money in your hand yet,” he explained. “It’s just the first step in the process.”
Once the banks confirm to James that the funds are frozen, she’ll then direct the city sheriff’s office to “garnish” — meaning take — that money, he said.
“The sheriff sends a legal document called a ‘levy’ to the banks, demanding that the bank deliver the money to the sheriff,” he said.
“The sheriff then takes the money and takes his fee. The sheriff by law is entitled to 5%,” he said, money that goes into the city’s general fund.
“It’s called a ‘poundage fee,’ and he’s entitled to that by law,” he said.
Say the sheriff collects $100 million cash from Trump’s bank accounts. He would then remit $95 million to the Attorney General’s Office, and that would go toward paying Trump’s judgment.
The other $5 million would go into the city coffers, D’Orazio said.
But when’s the auction?
James probably wouldn’t drain Trump’s corporate bank accounts entirely, D’Orazio predicted.
“How’s he going to meet payroll?” he said. “I don’t think the Attorney General wants to put all the building porters and doormen out of work or close all these businesses.
Instead, she’d need to go after some of his real estate assets to reach her grand judgment total.
James would start by choosing which assets she wants to be sold. She told ABC last month that she already has her eye on 40 Wall Street, AKA “The Trump Building.” Trump owns a ground lease with a net value of around $80 million to that skyscraper, according to Forbes, which James can literally see from the windows of her financial district offices one block north.
The real estate assets James pursues could be physical properties, like 40 Wall, or Trump’s penthouse apartment in Trump Tower.
They could also be intangible assets, like his 30% stake in 1290 Avenue of the Americas, a skyscraper a block north of Radio City Music Hall. Forbes estimates the net worth of this stake alone at $287 million.
James would inform the sheriff’s office of her choices. The sheriff’s office would then serve Trump with notice that it will be selling the assets.
“This is the ancient process of an execution of sale, a live auction where third parties would attend and bid on the property to be sold,” D’Orazio said.
Again, the sheriff’s office would collect its 5% poundage fee on any auction sale.
All told, the fee on the sales to cover a $500 million judgment could top $25 million, a boon to city coffers that would come straight out of Trump’s wallet.
Could they sell his Manhattan penthouse?
Trump’s Manhattan triplex penthouse — high atop Trump Tower, his flagship Fifth Avenue skyscraper — would be fair game, said D’Orazio.
Forbes estimates the penthouse is worth $52 million free and clear.
“That unit is owned by Trump personally and is not mortgaged and is not his primary residence,” making it a likely target, D’Orazio explained.
“If it were his primary residence, the Attorney General would need to get a court order in order to sell it,” he said.
“But it’s a secondary residence. So the attorney general could try to go after that asset pretty quickly. But pretty quickly means many months.”
Many months? Like, almost Election Day?
A lot has to happen before an actual sheriff’s sale, and Trump can be counted on to try to throw legal monkey wrenches throughout the process.
“The debtor can slow things down,” D’Orazio said.
Trump is already appealing the judgment to a Manhattan appellate court. He’s asking that the court reduce the judgment or to stay — meaning delay — its enforcement while the appeal progresses.
But there are additional monkey wrenches Trump can fling.
“There’s a safety valve feature in judgment enforcement law,” D’Orazio said.
“You can petition the judge for what’s known as a protective order, designed to prevent unnecessary harassment or abuse by the judgment creditor,” meaning by James, he said.
The civil fraud trial judge, state Supreme Court Justice Arthur Engoron, would likely reject a protective order, but that rejection, too, can be appealed by Trump.
“The appellate court doesn’t hear appeals during the summer,” D’Orazio said. “So unless Trump somehow gets on the June calendar, which may be impossible, the next time the appellate court could hear the case would be September.”
Former president Trump owns the $80 million lease for 40 Wall StreetJeff Greenberg
An auction also takes time
Even without these litigation delays, it still takes three or four months to schedule, advertise and then hold an auction, D’Orazio said.
The sheriff’s office must publish a notice of the auction in a public newspaper four times before it can be held, he said.
Auctions are only held once a month in each of New York City’s five boroughs. James can seek to auction multiple properties at a single auction.
Trump’s Manhattan properties would be auctioned in Manhattan. Anyone could attend, but the logistics could be tricky given that there would be huge media and public interest once word gets out.
Whenever such a sale happens — if it happens — Trump would get to keep any proceeds that rise above what’s needed to satisfy the judgment.
But, as he himself has complained, the forced sale of his properties would be at “fire sale prices,” whether a sheriff does it or if he sells it himself to pay for an appeal bond.
“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone,” Trump said in a Truth Social post this week. “Does that make sense?”
Trump’s dark ‘retribution’ pledge at center of 2024 bid, but can he make it reality?
Alexandra Hutzler – March 23, 2024
Donald Trump, in his third run for the White House, has made “retribution” central to his agenda if elected.
“For hard-working Americans, Nov. 5 will be our new Liberation Day,” Trump said as he headlined this year’s Conservative Political Action Conference. “But for the liars, and cheaters, and fraudsters, and censors and imposters who have commandeered our government, it will be their Judgment Day.”
Potential targets include former Rep. Liz Cheney and other individuals critical of his efforts to overturn his 2020 defeat. He recently said Cheney and fellow members of the House committee that investigated him “should go to jail” despite the fact they’ve not been accused of any crimes.
Last year, as he complained of “weaponization” of the Justice Department after being indicted, Trump said he would appoint a special prosecutor to go after President Joe Biden and his family.
“Donald Trump’s campaign strategy has been to say that everything is chaotic, that the world is a dangerous place and the nation is falling apart, that Joe Biden is an incompetent leader and the only way to save the nation is to vote for Trump,” said Jennifer Mercieca, a historian of political rhetoric at Texas A&M University. “That’s not unusual for him. He has been saying that since 2016. But the strategy has been darker this time around.”
“He really wants to avenge his loss in 2020,” she added, “and he is very good at using language as a weapon.”
PHOTO: Republican presidential candidate former President Donald Trump arrives at a campaign rally, Mar. 9, 2024, in Rome Ga. (Mike Stewart/AP)
But how far could Trump go, if elected, in carrying out such a vision? Or how much is it just designed to rile up his supporters, many of whom appear eager to embrace his message.
“The answer is, it depends,” said Bruce Green, a Fordham Law ethics expert who examined this exact issue back in 2018.
At the very least, a retribution campaign as Trump has described would require a significant reshaping of the modern-day Justice Department, which has a tradition of independence dating back to the post-Watergate era.
Internal policies enacted at the department after the Richard Nixon Watergate scandal sought to separate politics from law enforcement, and presidents of both parties have since abided by that construct — until Trump, according to Green.
But those policies aren’t codified by law, Green noted, and if Trump were to appoint an attorney general who embraced his theory of sweeping presidential power and discretion, investigations could be launched into perceived enemies.
PHOTO: Supporters of former President Donald Trump stand outside of the Alto Lee Adams Sr. U.S. Courthouse as they await his arrival on Mar. 1, 2024, in Fort Pierce, Fla. (Joe Raedle/Getty Images)
Even then, there are still backstops in place to deter Trump’s more pointed threats. DOJ officials and prosecutors who are not politically appointed could threaten revolt, as has happened in the past. Evidence of wrongdoing would still need to be presented, and courts could reject politically-motivated cases that lack sufficient proof of a crime.
“So, you’d have whatever the traditional limitations are created by our judicial process, including the Constitution and statutes, but you wouldn’t have the gatekeeping function that we’ve counted on the Justice Department to exercise,” Green said.
It’s also worth noting Trump tried to target his political foes during his last administration and faced resistance.
He fumed at Jeff Sessions, his first attorney general, when Sessions recused himself from the DOJ’s investigation into Russian meddling into the 2016 election. In various social media posts, he named people Sessions should go after, including then-FBI Director James Comey, Hillary Clinton and Barack Obama.
After firing Sessions, Trump found what many believed to be a friendlier ally in Bill Barr. Barr framed special counsel Robert Mueller’s Russia report in what many said were more favorable terms for Trump than the findings warranted. He also drew scrutiny for intervening in the government’s case against Trump’s first national security adviser Michael Flynn and for suggesting a lighter sentence for longtime Trump ally Roger Stone. The actions led many Democrats and former DOJ officials to decry the politicization of the department under Barr’s leadership.
PHOTO: President Donald Trump and Attorney General William Barr step off Air Force One upon arrival at Andrews Air Force Base in Maryland, Sept. 1, 2020. (Mandel Ngan/AFP via Getty Images)
But when Trump urged Barr and the Department of Justice to push a narrative of election fraud after his loss to Biden in November 2020, the attorney general and others declined to fall in line. Then-Vice President Mike Pence, a loyalist to Trump, also resisted his demands to unilaterally reject the election results during the certification on Jan. 6, 2021.
Elaine Kamarck, a senior fellow of governance studies at the Brookings Institution, said she believed Trump would be stopped again if he tried to use his office to go after enemies or other acts of retribution.
“The Founding Fathers anticipated a Donald Trump,” Kamarck said. “They built a system of checks and balances, and it’s working so far. If Donald Trump won, what would it take to dismantle that checks and balances? It would take a clean sweep of the Congress — 60 senators in the Senate and an overwhelming majority in the House of Representatives — and the courts to start the dismantling. And I don’t see that happening at this time and I don’t see it happening within the four years that he has to do it.”
“In other words,” Kamarck said, “we’re not a banana republic yet even if he’d like to make us one.”
Trump campaign spokesperson Steven Cheung, in response to expert comments that retribution would require never-before-seen politicization of the DOJ, told ABC News, “As President Trump has repeatedly said, the best retribution is the overall success of the American people.”
Biden Campaign Lists Former Trump Officials Who’ve Turned Against Him And… Wow
The contempt with which former Trump officials hold the former president is laid bare in the lengthy thread.
By Lee Moran – March 22, 2024
President Joe Biden’s campaign on Thursday shared a thread on X (formerly Twitter) of damning comments that 17 former top officials in Donald Trump’s administration have made to condemn the former president and presumptive GOP nominee.
“The people who know Trump best won’t support him. Why should you?” the Biden campaign began the thread featuring videos of high-ranking White House officials ripping their former boss.
Former Attorney General Bill Barr called Trump “a consummate narcissist” who “constantly engages in reckless conduct” in one clip.
Dictators like Russia’s Vladimir Putin think Trump is “a laughing fool and they’re fully prepared to take advantage of him,” said former National Security Adviser John Bolton in other footage.
Former Communications Director Alyssa Farah Griffin called Trump “unfit” for office again, a claim echoed by former White House press secretary Stephanie Grisham who said she was “terrified” of his 2024 campaign.
Nikki Haley, the former U.S. ambassador to the United Nations, warned Trump puts the American military in danger.
Trump’s own Vice President Mike Pence’s refusal to endorse Trump is also highlighted.
And former White House communications director Anthony Scaramucci’s condemnation of Trump as a “domestic terrorist” is mentioned too.
Criticism also came from former Defense Secretary John Mattis, former National Security Advisor H.R. McMaster, former Joint Chiefs of Staff chair Mark Milley, former White House chiefs of staff Mick Mulvaney and John Kelly, former Secretaries of State Mike Pompeo and Rex Tillerson, former Navy Secretary Richard Spencer, former Transportation Secretary Elaine Chao and former Defense Secretary Mark Esper.
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