News
Donald Trump turns to GoFundMe to pay for his legal woes
Former President Donald Trump finds himself in a precarious financial situation, with a recent GoFundMe campaign to assist him drawing widespread ridicule after raising a mere fraction of the required amount.
The GoFundMe initiative, aimed at helping Trump cover the $544 million he has been ordered to pay as part of a civil fraud case, has managed to gather just 0.02% of the staggering sum.
DOnald Trump’s GoFundMe page
It underscores the mounting legal and financial challenges facing the former president as his legal bills continue to escalate.
Read more -Trump faces setback as appeals court rejects immunity claim
The court’s decision, issued by the Supreme Court of New York, came after Trump and several of his associates were found liable for civil fraud.
The case centered around allegations that they had inflated property valuations to secure favorable loan terms and insurance rates.
Notably, the judgment also barred Trump from conducting business in his home state of New York for three years.
FILE PHOTO: Former U.S. President Donald Trump
Lack of contrition
In delivering the ruling, Justice Arthur F. Engoron criticized the defendants for their lack of contrition, noting their repeated refusal to acknowledge any wrongdoing.
Despite Trump’s considerable wealth, estimated at around $4 billion, the court’s decision has placed a substantial financial burden on him.
This latest legal setback adds to a string of troubles for Trump, who was recently ordered to pay $126 million in damages for defamation in a separate case.
These legal woes coincide with his ambitions to secure the Republican nomination for the upcoming U.S. presidential election.
GoFundMe case
In an effort to alleviate some of the financial pressure, a GoFundMe campaign was launched by Elena Cardone, wife of entrepreneur Grant Cardone.
However, the campaign’s modest success, garnering $205,000 from 3,200 donors, pales in comparison to the monumental sum Trump is obligated to pay.
Social media users were quick to mock the campaign’s lackluster performance, with many questioning why a billionaire would require such public fundraising efforts.
Trump’s sons, Eric and Donald Jr., who were also found liable in the civil fraud case, faced similar criticism after being ordered to pay millions in damages.
What’s happening in the Middle East?
- Trump says U.S. strikes could last four to five weeks and described the operation as the last best chance to act, while Secretary of State Marco Rubio warns the hardest hits are yet to come
- Six U.S. service members have been killed, additional American forces are being deployed to the region, and the White House says nine Iranian naval ships have been destroyed
- Iran says it sees no limit to its right to self defence and will not negotiate, as missile and drone attacks continue across Israel, Lebanon and Gulf states
- More than 500 Iranians have been killed in U.S. and Israeli strikes, with further deaths reported in Lebanon, Israel and the UAE
- Shipping, aviation and energy markets have been severely disrupted, more than 11,000 flights have been cancelled, Gulf stock markets have closed temporarily, and oil and gas prices have surged amid Strait of Hormuz fears
News
Oil prices surge amid rising Middle East conflict risks
Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.
Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.
Crude oil prices spiked dramatically as investors react to the growing risk of a wider conflict in the Middle East. U.S. crude surged 7.2 percent, trading near $71.84 a barrel, signalling heightened concern across energy markets.
The Strait of Hormuz, a critical shipping chokepoint, has come under intense scrutiny. Rising war-risk insurance premiums and suspended tanker traffic are already slowing the movement of oil, creating ripple effects in global supply chains.
JPMorgan has warned that prolonged disruptions over three weeks could force Gulf producers to reduce output, potentially pushing Brent crude prices to between $100 and $120 a barrel. Markets are closely watching for developments that could reshape global energy pricing.
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News
Trump warns of last opportunity to hit Iran as conflict escalates
Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.
Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.
President Trump has declared this is the final opportunity to strike Iran as conflict intensifies across the Middle East, outlining four key military objectives including dismantling Iran’s missile capabilities and targeting its navy.
The U.S. says its mission is to prevent Iran from acquiring a nuclear weapon and to halt its alleged support for terrorist groups abroad, signalling a potentially prolonged campaign in the region.
Four U.S. troops have already been killed, with officials warning further casualties are possible as operations continue.
#Trump #Iran #MiddleEast
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