Trump fraud ruling that cancels his business licenses a ‘devastating’ blow for ex-president, experts say

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“These are indisputable facts — the case is based entirely on the documents his lenders and his insurance companies produced.”

The 2024 presidential frontrunner will likely appeal the ruling, which could cost him upward of $250 million in penalties that James is requesting — a hefty lift for theTrump could potentially have to sell off his assets in order to pay the lofty legal fees, which could hurt his ego more than his pockets, a source familiar with the former president said.

Little is preventing Trump from adhering to the guidance of the ruling, however — he would be hit with monetary fines for conducting business in the interim, but wouldn’t see any criminal ramifications. “And given this person’s propensity to challenge civil rulings or civil outcomes in practicality, it might not have as big of an effect as somebody thinks it might.”

 

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