Donald Trump must pay $354m in fraud damages. How could he do it? - BBC News

Legal experts say even someone with Trump's wealth will struggle - and he may need to sell assets.

17 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesBy Nada Tawfik, Madeline Halpert, & Kayla EpsteinBBC News, New YorkDonald Trump has been ordered to pay more than $350m in damages in a civil fraud case, with interest charges potentially adding another $100m - and legal experts say even a man with the former president's wealth will feel the pain.

"He's not going to suddenly become working class," said former federal prosecutor Diana Florence. "But it's just going to be a lot of cash. His fortune will be significantly reduced."

The judge in the case delivered his final ruling on Friday, ordering Mr Trump to pay the damages and banning him from doing business in the state for three years. The decision, however, stopped short of dissolving the Trump family business altogether.

Mr Trump denies committing fraud and is expected to launch an appeal, which would put the decision on hold until a higher court reviews the case.

But if he wants to avoid paying the fine or having his personal assets seized while the appeal process plays out, he still has to deposit the full amount within 30 days.

https://www.bbc.co.uk/news/world-us-canada-68175846

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