Trump could secure a bond, but it will cost him

So if Mr Trump owed $370m in disgorgement, he might have to pay a bond company $37m (£29m) to issue the bond. And he will not get that fee back.

Trump could sell assets to raise enough cash

“Something is going to have to be sold or realised in order to get the money to pay for that kind of cost,” said William Thomas, a professor at the University of Michigan Ross School of Business.

Trump could ask his loyal supporters for the money

Mr Trump may also turn to the massive fundraising engine he uses to pay his tens of millions in legal fees. According to the New York Times, 10% of every dollar that is raised from his supporters goes to pay for his defence in his civil and criminal trials.

  • Riccosuave@lemmy.world
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    8 months ago

    The other problem for him is that he is likely going to be barred from securing financing from any New York based financial institutions as he is facing down a lifetime ban from conducting business in the state along with disincorporation.

    That leaves him with an even bigger problem, which is that taking money from an outside financial entity that is controlled by another state actor would potentially further disqualify him from office under the emoluments clause.