He’s now on the hook for nearly a half-billion dollars across three civil cases. These are the rules for when and how he must pay.

NEW YORK — A seven-figure verdict, an eight-figure verdict and, now, a nine-figure verdict.

Donald Trump has been hit with all three in the past nine months, with Friday’s $354 million penalty for New York business fraud by far the most massive.

He is now on the hook for over $440 million in civil judgments as he heads toward the Republican nomination — and as he prepares for one or more criminal trials this year.

Those criminal cases could put him in jail. And in the meantime, his escalating troubles in his civil cases are packing a devastating financial punch.

Even for a man who claims to be a billionaire, $440 million is a potentially crippling amount of cash to turn over. Can Trump afford the judgments? When does he have to pay them? And what happens if he says he can’t — or if he outright refuses?

  • sunbytes@lemmy.world
    81·
    9 months ago

    Headline is misleading. Article doesn’t say what happens if he doesn’t pay.

    Which is his most favoured strategy.

    So I’d really like to know.

    • DevCat@lemmy.worldOPEnglish
      8·
      9 months ago

      The article clearly states:

      In the civil fraud case, which is in New York state court, if Trump can’t post the funds or get a bond, then the judgment would take effect immediately and a sheriff could begin seizing Trump’s assets.