Elena Cardone, wife of entrepreneur and investor Grant Cardone, has launched a fundraising campaign on GoFundMe.com to help pay for Trump’s lawsuit, The Hill reports.
“The recent legal battles (Trump) has been facing are an attack not only on him, but on the ideal of justice and due process that every American deserves,” Cardone wrote on his fundraising page.
Cardone’s donation campaign, which was launched 3 days ago with the goal of raising 355 million dollars, has so far raised about 415 thousand dollars.
Fraud case against Trump
Trump was fined $354.9 million in a lawsuit filed against him, his children and his companies for “defrauding numerous individuals and institutions in the real estate industry for years”.
In the indictment, New York Attorney General Letitia James claimed that Trump, his three children and his company overstated his wealth by 3.6 billion dollars, and asked the judge to ban Trump and his children from establishing companies in New York and purchasing commercial real estate for 5 years, as well as a fine of 370 million dollars.
Judge Arthur Engoron ruled that former President Trump and his “Trump Organization” defrauded banks, insurers and business people by overvaluing his assets and overstating his net worth in contracts and financing documents in a lawsuit filed on charges that he “defrauded numerous individuals and institutions in the real estate industry for years.”
In a 35-page ruling, Engoron stated that Trump, his company and its executives obtained favorable loans and low insurance premiums by repeatedly lying about their annual financial situation.
The hearings, which began on October 2, 2023, ended on January 11.
