$83 Million Verdict Renews Spotlight on Trump’s Finances

“He did not go to jail, and has not lost his grip on the race for the Republican presidential nomination, but a jury’s verdict in a civil defamation trial last week nonetheless hit Donald Trump where it hurts: his wallet,” the New York Times reports.

“The jury’s decision to award $83.3 million to E. Jean Carroll came at an inopportune moment for the former president, who might soon face another large penalty from a civil fraud case brought by the New York attorney general, Letitia James. Mr. Trump and his family business are bracing for the judge in that case to impose a punishment in the coming weeks that could reach hundreds of millions of dollars.”

“Together, the judgments might deliver a punishing one-two punch to the former president, a financial threat unlike any he has experienced in decades.”