Trump’s Post-Judgment Financial Peril Is Real

Can Trump weather this financial storm? On that question, the jury is still out.

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Donald Trump looks on at a campaign event in Waterford Township, Mich., February 17, 2024.

Rebecca Cook / Reuters

Questions abound about former president Donald Trump’s anticipated appeals of the two latest, crushing civil judgments against him — last week’s nearly $355 million verdict in the New York civil-fraud case, imposed by elected progressive Democratic judge Arthur Engoron of the New York state court in Manhattan; and last month’s $83.3 million verdict in the second E. Jean Carroll case, imposed by a jury in Manhattan federal court. These come after last year’s $5 million verdict in the first E. Jean Carroll case, imposed by a different jury in Manhattan federal court.

Let’s also keep in mind, because it is apt to bear on some of the penalties imposed, that the Trump Organization (though not Trump personally) was convicted on 17 felony tax charges in late 2022, on an indictment brought by Manhattan DA Alvin Bragg (who is poised to prosecute Trump on the Stormy Daniels hush-money indictment next month). Though these tax charges were comparatively minor, resulting in a modest fine of $1.6 million, the criminal convictions could materially affect Trump’s business prospects.

Andrew C. McCarthy

About the Author

Andrew C. McCarthy

Andrew C. McCarthy is a senior fellow at National Review Institute, an NR contributing editor, and author of Ball of Collusion: The Plot to Rig an Election and Destroy a Presidency.

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