The embattled CEO of MyPillow, Mike Lindell, was recently evicted from a Minnesota warehouse due to an outstanding rent of over $217,000. This marks yet another financial setback for Lindell, whose support of unverified election fraud claims has created significant drag for his business operations. The Shakopee-based facility, according to a lawsuit filed by First Industrial, LP, had defaulted on rent payments spanning four months in the last year, resulting in a judge ordering the eviction.
Lindell, known for his rags-to-riches story and staunch backing of former President Donald Trump, has seen his company’s products pulled from major retailers, contributing to MyPillow’s decline. In a distressing admission to the Associated Press, Lindell revealed that his personal and business finances have been “decimated,” with significant losses amounting to millions due to his advocacy of election fraud theories and lawsuits. “We were just sick about it,” Lindell stated, discussing the failed sublease meant to mitigate financial strains by repurposing the now-vacated warehouse.
Facing billion-dollar defamation lawsuits from voting technology companies Dominion Voting Systems and Smartmatic, Lindell’s legal expenses have skyrocketed. According to Lindell, American Express also reduced the company’s credit line from $1 million to $100,000. He’s been quoted as saying that MyPillow has lost $100m due to his individual pursuit of election claims.
The fallout has also affected MyPillow’s relationship with Fox News, once a major advertising partner. The steep cost of Lindell’s political and legal entanglements is a stark example of how things traditionally go for those that get involved in business dealings with the former President.
“We’re not able to pay — I can’t borrow money to pay these attorneys. MyPillow can’t pay because of what happened”, Lindell said, “I have $10,000 to my name.”
