Trump Pal and MyPillow CEO 'in Ruins' as Election Fraud Lawsuit Drags On: 'I Don't Have 5 Cents'

The disgraced CEO revealed $70 million in personal and company debt

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My Pillow Debt_04172025_1
MyPillow CEO Mike Lindell revealed he is living on $1,000 a week.

A Washington federal judge heard a motion against MyPillow CEO Mike Lindell for failing to pay more than $50,000 in sanctions, prompting him to declare he is "in ruins" as multiple election fraud lawsuits drag on.

The sanctions stem from a 2022 defamation lawsuit filed by Smartmatic, a London-based voting technology company, which alleged Lindell falsely claimed it helped rig the 2020 presidential election in favor of Joe Biden over Donald Trump.

On Wednesday, Smartmatic filed a motion requesting U.S. District Judge Carl Nichols hold the disgraced CEO in civil contempt for failing to pay more than $50,000 in court-ordered sanctions.

"Nobody will borrow me any more. Not one dime," Lindell revealed on Wednesday, according to reporting by WUSA. "I'm in ruins."

Though MyPillow previously made $300 million in annual revenue, per court filings reviewed by WUSA, Lindell revealed he and his company face a combined $70 million in debt and garnishments. Lindell claimed he is now getting by on $1,000 a week.

"I don't have $5,000 or 5 cents," Lindell said, according to WUSA.

Lindell has until the end of the week to provide financial documents to the judge.

Originally published on Latin Times

Tags
Donald Trump, Business, Joe Biden
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