PANICKED Donald Trump is careening into a financial abyss after getting swamped by a tsunami of judgments, fines and legal fees that insiders say could leave the floundering real estate mogul busted flat!
Over recent weeks, the former president, 77, has been socked with $445 million worth of civil judgments for business fraud, plus about $100 million in interest, to go with nearly $77 million in legal fees he’s rung up defending himself in a host of lawsuits and criminal cases.
“This could be the end of Donald Trump’s business empire,” proclaims a Beltway insider. “It’s a day of reckoning long delayed, but it seems to have arrived in spades.”
Most recently, New York Justice Arthur Engoron slapped the likely Republican presidential nominee with a massive $355 million fine — plus $98.6 million in interest — related to claims he committed fraud by conspiring with executives of the Trump Organization to overinflate the value of his business properties to secure better terms on loans and insurance policies.
Engoron also banned Trump from holding any roles with the company for three years and prohibited his sons Don Jr. and Eric from doing so for two! Instead, U.S. District Court Judge Barbara Jones will manage the business as an independent monitor, which sources say is the family’s worst nightmare.
“The frauds found here leap off the page and shock the conscience,” declares Engoron, who also fined Don Jr. and Eric $4 million apiece.
Denne historien er fra March 11, 2024-utgaven av Globe US.
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Denne historien er fra March 11, 2024-utgaven av Globe US.
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