“Corporate death penalty”
Given that Donald Trump already lost his New York civil fraud case by summary judgment before the trial began, there’s no possible way he ends up with a good outcome. New York Attorney General Letitia James is seeking $250 million or more in damages, and that number now feels like the floor, not the ceiling.
This trial is mainly for the purpose of determining just how massive those damages are going to be. After watching the Trump sons’ testimony over the past two days, legal expert Norm Eisen now thinks that the financial penalties will be, well, everything.
Eisen is now predicting the “corporate death penalty” for the Trump Organization, which would essentially mean the complete dissolution and seizure of all of its assets. And because the Trump Organization is basically the Trump family and some sycophants, there is no way for the Trumps to insulate themselves from the financial penalties that are coming. For instance they can’t just move money around before the seizures begin and expect that to work.
So buckle up. The verdict will come down in this trial soon enough. And while Donald Trump will certainly attempt to appeal the financial penalties, keep in mind that the assets will be tied up while he’s fighting over it, meaning he won’t be able to access them either. Trump could well go bankrupt (actual bankruptcy this time) while he’s still trying to appeal this.
