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.

  • Published 11 March 2018


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



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.”

Since 1994
A Word to Our Loyal Readers

Support Snopes and make a difference for readers everywhere.

  • David Mikkelson
  • Doreen Marchionni
  • David Emery
  • Bond Huberman
  • Jordan Liles
  • Alex Kasprak
  • Dan Evon
  • Dan MacGuill
  • Bethania Palma
  • Liz Donaldson
  • Vinny Green
  • Ryan Miller
  • Chris Reilly
  • Chad Ort
  • Elyssa Young

Most Snopes assignments begin when readers ask us, “Is this true?” Those tips launch our fact-checkers on sprints across a vast range of political, scientific, legal, historical, and visual information. We investigate as thoroughly and quickly as possible and relay what we learn. Then another question arrives, and the race starts again.

We do this work every day at no cost to you, but it is far from free to produce, and we cannot afford to slow down. To ensure Snopes endures — and grows to serve more readers — we need a different kind of tip: We need your financial support.

Support Snopes so we continue to pursue the facts — for you and anyone searching for answers.

Team Snopes