As Donald Trump's New York civil fraud trial nears its conclusion, it appears likely that he could face many millions of dollars in financial penalties. It further seems that two New York laws could damage Trump's business empire even further. A new report from The Daily Beast explains that Trump could be required to make an enormous payout immediately, rather than spreading the penalty payments over time.
The Beast reports that the impending judgment expected from Justice Arthur Engoron will be subject to a 9% interest rate that could make the sum significantly larger, and that an additional penalty of 10% to 20% could result if Trump decides to appeal Engoron's ruling. Though Trump has routinely boasted about his wealth, it's not clear how much ready cash he actually has available, and he remains inprecarious financial territory as a direct result of his numerous legal woes — in addition to the fraud trial, Trump was recently ordered to shell out $83.3 million to writer E. Jean Carroll for defamation.
