Oct. 2, 2023 /Legal/ — Donald Trump could stand to lose a number of things in the civil trial that is currently underway in Manhattan. The lawsuit, which was filed by New York Attorney General Letitia James, alleges that Trump and his company, the Trump Organization, engaged in fraudulent business practices, including inflating the value of assets and misleading investors and lenders.
If James is successful in the lawsuit, Trump could be forced to pay billions of dollars in fines and restitution. He could also be barred from doing business in New York and from holding certain leadership positions in his companies. Additionally, the trial could damage Trump’s reputation and make it more difficult for him to raise money for future business ventures.
Money: The Attorney General is seeking at least $250 million in fines from Trump. Trump could also be ordered to pay restitution to investors and other people who were harmed by his alleged fraud.
Business licenses: The Attorney General is also seeking to have Trump’s business licenses in New York revoked. This would prevent him from doing business in the state of New York.
Reputation: A guilty verdict in the civil trial would be a major blow to Trump’s reputation. It would likely damage his ability to raise money for future business ventures and could also hurt his chances of running for president again in 2024.
In addition to these specific losses, a guilty verdict in the civil trial could also have a broader impact on Trump’s business empire. It could make it more difficult for him to obtain loans and insurance, and it could also damage the brands of his businesses.
It is important to note that Trump has denied all of the allegations against him and has said that the trial is a politically motivated witch hunt. He has also said that he is confident that he will be exonerated.
The outcome of the civil trial is still uncertain, but it is clear that Trump has a lot to lose. If he is found to have committed fraud, it could have a devastating impact on his business empire and his reputation.
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