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Former President Trump Faces Financial Crisis, Turns to Selling Golden Sneakers and Hats

◀ Anchor ▶

Former President Trump started selling golden sneakers and hats.

In order to deal with a fine of more than 600 billion won, we are in a position to deposit that amount with the court.

There was even an analysis that real estate assets would need to be sold urgently.

Reporter Lim Kyung-ah reports from New York.

◀ Report ▶

Former President Trump’s political slogan ‘MAGA’, which means ‘Let’s make America great again.’

This time, the slogan ‘American Dreamer’ appeared with a similar meaning.

The price of this hat sold by former President Trump is $50.

Previously, Trump raised donations by releasing ‘gold sneakers’ and selling them for $399.

[트럼프/전 대통령(2월 17일)]

“It’s real. I’m grateful. We’ll remember the young people, we’ll remember ‘Sneaker Con’. You know, we’ll remember the young people.”

The local media reported that former President Trump, who was fined more than 600 billion won in a civil trial on suspicion of fraudulent loans, in an unprecedented financial crisis, has to raise this amount within a month.

Former President Trump appealed against the first trial judgment of the Manhattan District Court in New York, and was required to pay a deposit equal to the fine within a month.

In addition, former President Trump also lost a lawsuit alleging defamation for an incident of sexual harassment he committed 28 years ago, and must pay over 100 billion won in damages.

Many of the major banks that did business with former President Trump are known to have suspended financial transactions with him following the Capitol riots three years ago.

Some local media analyzed that Trump, who is known as a real estate billionaire, is expected to raise money by urgently selling his assets in the worst case.

If something like this actually happens, tax issues could arise again when transferring assets at a low price, so attention is focused on how the Trump side will overcome this crisis.

This is Lim Kyung-ah from MBC News.

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