Donald Trump’s bragging about the size of his bank balance and the supposed value of his properties has returned to haunt him … and it’s going to cost him dearly. Trump’s civil fraud case was a result of him allegedly inflating his personal wealth and the value of his properties to obtain favorable bank loan rates. The $350 million demanded by the verdict is in addition to the $88.3 million Trump has been ordered to pay to E. Jean Carroll for defaming the writer while denying he sexually assaulted her.
During his April 2023 deposition with New York Attorney General Letitia James (via Daily Beast), Trump bragged of having $400 million in cash. Even if that is true, it will still not cover the $438.3 million payout he’s potentially facing. Adding further to the financial migraine Trump’s likely suffering right now is that under New York law, the judgment handed down by Judge Engoron is immediately subject to 9 percent interest, and the inevitable appeal Trump will file will do nothing to ease his cash flow issues. He must first pay the total judgment amount, interest, and another 10 to 20 percent on top to petition the court. Oh, and that’s all by the middle of March.
