Washington Post: “Judge Arthur Engoron is expected to soon issue his decision on financial penalties in the civil fraud case brought by the New York attorney general, who has asked that Trump and his companies be ordered to pay $370 million for allegedly misstating the values of his business assets.”
Bloomberg: “The prospect of being hit with damage awards totaling more than $450 million in less than a week points to the potential for a cash problem. The two lawsuits sought to punish Trump financially. If the judge in the New York fraud case accepts the attorney general’s $370 million request, both will have succeeded in hitting at the billionaire’s wealth.”
“The timing couldn’t be worse as the likely Republican nominee for the November presidential election already faces mounting legal bills after being charged with 91 criminal offenses in four criminal prosecutions. Trump’s cash and his overall wealth are separate from his campaign finances, which by all accounts are still strong, but that money can’t be used to finance these verdicts.”
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