Donald Trump is facing a $250 million penalty and a ban on doing business in New York when a judge renders his verdict later in January.

The new year could be off to a rough start for Donald Trump.

The former president is facing $250 million in penalties and a ban on doing business in New York when the judge overseeing his civil fraud trial delivers a verdict in the case later in January.

The Manhattan Supreme Court trial — which has been on hiatus since Dec. 13 — is set to resume with closing arguments on Jan. 11, and Justice Arthur Engoron has said he hopes to have a decision in the non-jury case by the end of the month.

  • arc@lemm.ee
    4·
    11 months ago

    I have to wonder how he’d pay the fine given that his NY businesses will be under administration. What else is he going to have to sell to pay it off? And I don’t see banks being very amenable to Trump if he has a massive fine looming. Wouldn’t be surprised if he pulls some bankruptcy BS, not to protect himself from the fine, but all the other people he’s in hock to who might be wanting their money back right now.

      • arc@lemm.ee
        2·
        11 months ago

        Imagine the humiliation of that though. I think if they scrape up money Mar a Lago & Bedminister will be last properties they’d sell up. It’ll be random condos and anything else they own outright they can shift. I wonder how many Trump branded properties they actually do own outright though.