Is This Good? Trump GoFundMe Raises $450,000 in Two Days
A fundraiser mounted over the weekend by Donald Trump’s beguiled supporters isn’t likely to make a dent in his whopping legal dues.On Friday, the former president was hit with a $354 million financial ruling for committing real estate–related bank fraud in New York State—and that’s before interest, which could tack on as much as another $100 million.In just two days, a GoFundMe organized by Elena Cardone, the wife of wealthy private equity fund manager Grant Cardone, raised more than $452,000. In its description, Cardone argues that the crowdsourced effort is “not merely about raising the ‘ruling’ amount. It’s about making a stand.”But her reasoning in raising $355 million on behalf of the GOP front-runner is as interesting as it is alarming. Despite what Justice Arthur Engoron ruled as frauds that “shock the conscience,” Cardone frames Trump as a beleaguered businessman whom she claimed “never defaulted” and “caused no financial damage to anyone,” making Trump’s fight against the judicial system every American’s fight.“This is more than a legal fund; it’s a call to all businesses owners and entrepreneurs to rally in defense of all businesses and for [a] man who has never hesitated to stand in defense of us,” she wrote.Meanwhile, Trump has been scrambling with his own strategies to raise capital. On Saturday, Trump stopped by a sneaker convention in Philadelphia to announce his own line of kicks, smartly called “Trump Sneakers.” One pair, titled the “Never Surrender High-Top Sneaker,” retailed on his site for $399. By the end of the night, what existed of the 1,000-unit inventory had sold out. Though at that rate, Trump would need to sell a few more—just 1,127,820 pairs—in order to pay off the remaining $450 million.Trump has less than 30 days left to come up with the money or secure a bond if he wants to appeal Engoron’s ruling.
A fundraiser mounted over the weekend by Donald Trump’s beguiled supporters isn’t likely to make a dent in his whopping legal dues.
On Friday, the former president was hit with a $354 million financial ruling for committing real estate–related bank fraud in New York State—and that’s before interest, which could tack on as much as another $100 million.
In just two days, a GoFundMe organized by Elena Cardone, the wife of wealthy private equity fund manager Grant Cardone, raised more than $452,000. In its description, Cardone argues that the crowdsourced effort is “not merely about raising the ‘ruling’ amount. It’s about making a stand.”
But her reasoning in raising $355 million on behalf of the GOP front-runner is as interesting as it is alarming. Despite what Justice Arthur Engoron ruled as frauds that “shock the conscience,” Cardone frames Trump as a beleaguered businessman whom she claimed “never defaulted” and “caused no financial damage to anyone,” making Trump’s fight against the judicial system every American’s fight.
“This is more than a legal fund; it’s a call to all businesses owners and entrepreneurs to rally in defense of all businesses and for [a] man who has never hesitated to stand in defense of us,” she wrote.
Meanwhile, Trump has been scrambling with his own strategies to raise capital. On Saturday, Trump stopped by a sneaker convention in Philadelphia to announce his own line of kicks, smartly called “Trump Sneakers.”
One pair, titled the “Never Surrender High-Top Sneaker,” retailed on his site for $399. By the end of the night, what existed of the 1,000-unit inventory had sold out. Though at that rate, Trump would need to sell a few more—just 1,127,820 pairs—in order to pay off the remaining $450 million.
Trump has less than 30 days left to come up with the money or secure a bond if he wants to appeal Engoron’s ruling.
