Mike Lindell, CEO of MyPillow and a prominent advocate of election fraud conspiracy theories, is facing worsening financial troubles. After fully supporting Donald Trump’s claims of a stolen election, Lindell, 63, has encountered numerous challenges.
His attorneys dropped him over millions in unpaid fees, and his company was evicted from a Minnesota warehouse after failing to pay around $200,000 in rent.
Retailers Cut Ties and Credit Line Reduced
In addition, retailers cut ties with his products, and Fox News barred him from advertising due to unpaid bills.
Lindell’s credit line with American Express was drastically reduced, and he was ordered to pay $5 million to a programmer who debunked his voter fraud claims.
Auctioning Assets to Mitigate Losses
Lindell auctioned off personal and factory assets in an attempt to manage his financial losses.
At the same time, he faced billion-dollar defamation lawsuits from Dominion and Smartmatic, two major voting machine companies.
Accusation from Extend, Inc.
Lindell’s financial troubles worsened when Extend, Inc., a California-based company offering product protection plans, accused him of not paying $564,151.39 in outstanding invoices.
Extend alleges that Lindell, who previously claimed to have only his house and truck left, promised to pay but never followed through.
Failure to Make Payments and Legal Action
Despite multiple attempts to collect, MyPillow failed to make the necessary payments.
On August 30, Extend filed a lawsuit against MyPillow, detailing the missed payments.
Lawsuit Filed Detailing Missed Payments
According to the lawsuit, “In May 2024, after My Pillow failed to make any of the payments… outside counsel for Extend sent a letter to My Pillow to demand payment.”
Despite these efforts, Lindell did not address the issue. On June 23, 2024, Lindell emailed that he would connect within the week, but he never did, the lawsuit claims.
Lindell’s Failure to Follow Through
The suit further states that MyPillow ignored all subsequent inquiries and has not made any payments to settle the debt.
When contacted, Lindell expressed confusion, claiming he was unaware of the case and sounded distracted by background noise during the call.
No Response to Payment Inquiries
The partnership between MyPillow and Extend began in November 2022, under which Extend provided product protection services for MyPillow customers. By March 2024, however, MyPillow had fallen behind on its payments.
Although the two parties agreed to terminate the contract, MyPillow failed to follow through on a payment schedule meant to clear its outstanding balance, leading to legal action.
Partnership with Extend and Payment Defaults
Extend’s lawsuit asserts that MyPillow breached the termination agreement by not fulfilling its payment obligations.
The lawsuit seeks compensation for the damages caused by MyPillow’s failure to honor the contract.
Extend’s Lawsuit Against MyPillow
Meanwhile, Lindell is grappling with other difficulties. His right-wing social media platform, FrankSpeech, has reportedly been a failure, with reports suggesting he misled potential investors by providing them with the wrong ticker symbol for a penny stock.
Lindell’s strange behavior continued when he shaved his trademark mustache and tried to infiltrate the Democratic National Convention, where he had a public altercation with a 12-year-old online influencer.
Additional Challenges with FrankSpeech
Despite these setbacks, Lindell managed to fund former New York City Mayor Rudy Giuliani’s first-class trip to the Republican National Convention in Milwaukee.
According to Lindell, FrankSpeech, where Giuliani is employed, covered the travel expenses.
Funding Rudy Giuliani’s Trip and Legal Silence
Lindell shared this information during a statement to CNN.
Meanwhile, Ethan Jacobs, the attorney representing Extend in its lawsuit against Lindell and MyPillow, declined to comment on the case.
