Can Trump pay? What if he doesn’t? Here’s what to know about Trump’s massive civil judgments.
NEW YORK — A seven-figure verdict, an eight-figure verdict and, now, a nine-figure verdict.
Donald Trump has been hit with all three in the past nine months, with Friday’s $354 million penalty for New York business fraud by far the most massive.
He is now on the hook for over $440 million in civil judgments as he heads toward the Republican nomination — and as he prepares for one or more criminal trials this year.
Those criminal cases could put him in jail. And in the meantime, his escalating troubles in his civil cases are packing a devastating financial punch.
Even for a man who claims to be a billionaire, $440 million is a potentially crippling amount of cash to turn over. Can Trump afford the judgments? When does he have to pay them? And what happens if he says he can’t — or if he outright refuses?
Here’s a look at what comes next.
Can Trump afford to pay?
Trump’s company isn’t public, and he has famously refused to disclose his tax returns, so his cash flow situation is shrouded in mystery.
Even if he has $440 million in cash on hand — and it’s far from clear that he does — paying the judgments could wipe out his accounts, since Trump himself has placed his cash reserves in the ballpark of that amount.
Trump claimed in a deposition last year that he had “substantially in excess” of $400 million in cash on hand.
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