Donald Trump could be facing devastating news on Wednesday
Donald Trump is coming off a pretty devastating week in which he lost $83 million dollars. What could be even worse than that? Well, just take a look at the calendar and circle this upcoming Wednesday.
Judge Arthur Engoron previously stated that he was targeting January 31st for the verdict in Donald Trump’s New York civil fraud trial. Engoron already summarily ruled against Trump before the trial began. The trial was primarily for the purpose of determining just how large the damages would be. Given that the trial went terribly for Trump, those damages should be quite massive – and could be higher than originally expected.
Letitia James started off seeking $250 million, but later upped that number to $370 million. Judge Engoron can pick any number he finds appropriate, but there’s a good chance he’ll come in somewhere in the ballpark of that $370 million.
This means that Donald Trump will lose perhaps $370 million just a week after having lost $83 million. Given the difficulty in appealing these kinds of verdicts, and the bond that the defendant generally has to put up in order to even try to appeal, it’s particularly devastating that Trump is facing both these judgments in rapid fashion. It’ll make it a lot harder for Trump to move things around and even try to settle these debts without losing his assets in the process.
