Trump’s legal debts top a half-billion dollars. Will he have to pay?
NEW YORK (AP) — Donald Trump’s legal debts might now exceed a half-billion dollars.
A New York judge ordered Trump and his companies Friday to pay $355 million in fines, plus interest, after ruling that he had manipulated his net worth in financial statements.
The stiff penalty comes just weeks after Trump was ordered to pay $83.3 million to the writer E. Jean Carroll for damaging her reputation after she accused him of sexual assault. A separate jury last year awarded Carroll $5 million from Trump for sexual abuse and defamation.
Add interest payments on top of that and the judgments could deal a staggering blow to the personal fortune that remains core to Trump’s political appeal. He has adamantly denied wrongdoing and pledged to appeal, a process that could take months or even years.
<bsp-list-loadmore data-module="" class=«PageListStandardB» data-gtm-region=«READ MORE» data-gtm-topic=«No Value» data-show-loadmore=«true» data-gtm-modulestyle=«List B»> <bsp-custom-headline custom-headline=«div»> READ MORE </bsp-custom-headline> <bsp-custom-headline custom-headline=«div»> Trump avoids ‘corporate death penalty,’ but his business will still get slammed <use xlink:href="#play-icon" xmlns:xlink=«http://www.w3.org/1999/xlink»> </bsp-custom-headline> <bsp-custom-headline custom-headline=«div»> Biden’s rightward shift on immigration angers advocates. But it’s resonating with many Democrats </bsp-custom-headline> <bsp-custom-headline custom-headline=«div»> A $355 million penalty and business ban: Takeaways from Trump’s New York civil fraud verdict <use xlink:href="#play-icon" xmlns:xlink=«http://www.w3.org/1999/xlink»> </bsp-custom-headline> </bsp-list-loadmore>In the meantime, here’s what we know about what Trump owes, whether