A New York judge has ordered Donald Trump to pay a penalty of nearly $355 million plus interest, handing the former president a crushing defeat in the civil fraud case brought by state Attorney General Letitia James.
The interest payments could bring the total Trump owes to more than $450 million for violating state laws by inflating his net worth in documents submitted to lenders. And then he’s on the hook for another $88 million after being found liable for sexually abusing writer E. Jean Carroll and then defaming her.
Trump has said in a deposition that he only has about $400 million in cash. He could be required to deposit the $450 million he owes into an account during any appeal. Notably, Judge Arthur Engoron’s decision bars Trump from applying for loans from banks registered or chartered in New York state.
But don’t worry. Folks on social media are offering some suggestions to help Trump get out of his financial morass.