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.
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