'Cause he's broke': Internet mocks Trump for delaying the disclosure of his personal finances to American public for second time this year

PALM BEACH, FLORIDA: Donald Trump has postponed the release of his personal finances for the second time this year. This means that the American public will not have access to the latest information surrounding the former president's ever-changing personal finances before he debates President Joe Biden later this week.

According to RawStory, Trump's attorney, Scott Gast, has asked for a second 45-day extension for submitting his client's public financial disclosure report, which is a requirement for all presidential candidates.

Gast, from Compass Legal Group, wrote on Tuesday, "While President Trump has made diligent efforts to prepare his report, due to the complexity of his financial holdings, President Trump needs additional time to complete the report.”

What prompted FEC officials to accept Trump's request to delay the disclosure of his personal finances?

The Federal Election Commission's designated agency ethics official and acting general counsel, Lisa J Stevenson, approved the request for an extension until August 15.

Trump spokesperson Steven Cheung told the aforementioned outlet via email, "An extension was requested and granted because President Trump's successful businesses, in contrast to the Biden Crime Family, require additional time to ensure complete compliance.”

Last year, the Federal Election Commission rejected Trump's repeated requests for extensions to delay the submission of his public financial disclosure.

This disclosure is intended to offer transparency regarding the personal finances of executive branch leaders and candidates, aimed at uncovering any potential conflicts of interest.

Trump eventually submitted his initial mandatory disclosure in mid-April 2023 after utilizing the maximum 90 days of extensions, finding himself in violation of federal financial disclosure law due to the delayed submission.

The MAGA strongman submitted his subsequent financial disclosure before the final deadline in August.

The 2024 presumptive Republican presidential nominee's financial circumstances have undergone significant changes since last year, as he has been held accountable for defamation and sexual abuse of writer E Jean Carroll, resulting in a payout of $83.3 million in damages.

In April, the embattled 78-year-old also posted a $175 million bond related to his liability in a New York civil fraud case, mandating payment of over $450 million in damages.

This case stemmed from the Trump Organization's systematic misconduct regarding property valuations and tax benefits.

Trump also became the first-ever current or former United States President to be convicted of a felony, as a 12-person jury bench found him guilty on all 34 felony counts associated with falsifying business records concerning a hush money payment made to adult film star Stormy Daniels in the lead-up to the 2016 general election.

Trump and President Joe Biden, the presumed nominees of the Republican and Democratic parties respectively, are set to hold their first campaign debate of 2024 on CNN this Thursday, June 27.

It is to be noted that President Joe Biden submitted his financial disclosure on May 13, two days before the standard deadline of May 15.

Internet mocks Donald Trump for delaying the disclosure of his personal finances

One X user remarked, "Because he's broke?"

Another user argued, "Why would he? We all know he's bankrupt (or so he says)"

Another user wrote, "Because he’s a felon."

One X user quipped, "9 years later. Still waiting for his tax returns to be released. That must be one hell of an audit."

Another user claimed, "Because he's broke living off the magats donations."

Finally, this user tweeted, "Cause he's broke. Duh."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.