MyPillow boss Mike Lindell says he's in financial ruins as legal troubles push him to the brink.
In a dramatic courtroom meltdown, Trump loyalist and CEO Lindell begged for mercy – revealing his financial devastation as he faces crippling sanctions from Smartmatic over his baseless claims, RadarOnline.com can reveal.
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The CEO was ordered to pay over $56,000 in sanctions to Smartmatic for making 'frivolous' claims.
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Lindell's emotional plea was part of a motion hearing held via Zoom in the U.S. District Court in Washington, where he revealed his struggle with mounting legal costs and claimed he is now left with little to no financial resources.
According to reports, Lindell has been ordered to pay over $56,000 in sanctions to Smartmatic for making what the court deems "frivolous" claims regarding the 2020 election.
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Lindell admitted he was in 'ruins' during the hearing, asking the judge to postpone the payment.
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During the hearing, Lindell said: "I'm in ruins," articulating his distress as he appealed to Judge Carl Nichols to postpone the payment until the final judgment in the case is rendered.
As RadarOnline.com has learned, this latest legal skirmish is just one of many that have unfurled amid Lindell's persistent efforts to validate his unsubstantiated election claims.
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The CEO's troubles appear to extend far beyond his legal woes.
During the hearing, he claimed he has been forced to make significant financial concessions – including laying off hundreds of MyPillow employees and losing multiple warehouse units in recent years.
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Lindell lamented: "I borrowed everything I can. Nobody will lend me any money anymore," indicating a deepening financial crisis that has seen him relinquish substantial assets.
The recent court proceedings stemmed from a contempt motion filed by Smartmatic, alleging Lindell had avoided his court-mandated payment.
As Lindell listed the challenges that led to his current poverty – including what he referred to as "lawfare" directed at him for trying to "secure the election" – Judge Nichols acknowledged Lindell's claims represented "non-verifiable representation."
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Despite claiming he's broke, Lindell has come under fire for still pushing MyPillow products and launching new ventures.
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Despite his claims of financial hardship, Lindell has faced scrutiny over his ongoing promotion of MyPillow products as well as other business initiatives.
This has led some to question the veracity of his financial status.
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During the session, he indicated his current asset roster consists of “nothing” but two houses, which he stated are in the process of being liquidated, and a truck, raising eyebrows among observers.
While Lindell's financial burdens may be dire, his determination to ward off compliance with Smartmatic's payment directive appears unwavering.
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He even went so far as to assert he could no longer adhere to a previously proposed plan of making monthly installments amounting to $5,000.
In a courtroom exchange detailing his desperation, Lindell conveyed: "I can’t turn back time... but I will tell you, I don't have any money."
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His repeated assertions about financial instability illustrate the extent of pressure he is under, both legally and personally.
As the hearing progressed, Lindell agreed to file financial statements and documentation to substantiate his claims, expressing confidence in transparency and the hope that Smartmatic will better comprehend the gravity of his financial plight.
He emphasized he had "nothing to hide," hoping to alleviate potential skepticism surrounding his statements.
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Smartmatic's attorney acknowledged Lindell's circumstances while expressing a preference for prompt payment in a lump sum.
The attorney stated their client would respect the judge's decision, despite preferring immediate resolution to the financial dispute.
As Lindell's financial situation continues to unravel amid the fallout from the 2020 election, his legal battles serve as a keen reminder of the ramifications of public claims and the impact of ongoing judicial scrutiny.
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The MyPillow CEO’s saga highlights how business, politics, and bold beliefs can collide – with legal consequences.
While the courtroom drama unfolds, it remains to be seen how Lindell will navigate his financial troubles and legal obligations to Smartmatic and other litigants entangled in the broader election-related disputes.
The MyPillow CEO's saga underscores the intersection of business and politics in today’s climate, sparking discussions regarding accountability and the consequences that arise when one’s outspoken beliefs collide with the law.
