Did a Court Order Obama to Pay $400 Million in Restitution?

No huge sum of money was "lost," or is being personally repaid, by former President Obama.

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Claim

A federal appeals court has ordered that Barack Obama repay $400 million to the American people.

Rating

Origin

On 10 March 2018, the Daily World Update web site published an article reporting that a federal appeals court had ordered former President Barack Obama to repay $400 million to the American people for funds that were supposedly “lost” during a transaction with Iran:

The West Texas Federal Appeals Court, operating out of the 33rd District, has ordered that Barack Obama repay $400 Million to the American people for funds he says were “lost” during an illegal transaction with Iranian hard-liners. Judge Gary Jones and Judge Amanda Perry stood together to overrule Judge Kris Weinshenker in a split decision.

There was no truth to this report, which originated with the Daily World Update, a site that is part of a network of fake news sites dedicated to inflammatory clickbaiting and political trolling under the guise of producing “satire.”

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Sources

Eagleton, Flagg.   “Court Orders Obama to Pay $400 Million in Restitution.”
    Daily World Update.   10 March 2018.

The Fake News Codex.   “Christopher Blair Network.”
    Accessed 11 March 2018.