
Mike Lindell gives a thumbs up as he passes by a rally for supporters of former President Donald Trump, Tuesday, April 4, 2023, in West Palm Beach, Fla. (AP Photo/Wilfredo Lee).
MyPillow CEO Mike Lindell is putting another lender on notice that the terms of a recent loan to his bedding company are “usurious, unconscionable, and thus unenforceable.”
Last week, in Carver County District Court, the pro-Donald Trump election denier sued named and unnamed defendants over a triple-digit interest rate on a $1.559 million loan taken out in September.
Daily payments on the balance are in excess of $45,000 per day, the lawsuit says. The total amount to be repaid is over $2.261 million.