A lot of people asking how Trump will pay over half a billion are missing this story
Trump’s social media company TMTG is set to go public as early as Monday. He could borrow against the value of his stake – which may go up $3 billion
by @MattGoldstein26https://t.co/juJPzDWTBt
— Wendy Siegelman (@WendySiegelman) March 21, 2024
The scam
Fergus won’t have access to any of that money for a while, probably too long to bail him out of the judgement against him. He may be able to get a loan against it, but that’s not a sure thing either. Basically, he had to sign an agreement that he wouldn’t unload the stock as soon as he got it, because that would tank the stock price and crash the company.