MyPillow CEO Mike Lindell files new RICO lawsuit over loan
Mike Lindell

Mike Lindell enthusiastically approves as he drives by a gathering of people showing their support for former President Donald Trump on Tuesday, April 4, 2023, in West Palm Beach, Florida. The image was captured by 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.

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