Trump's civil fraud hit coming Friday 'could be more' than $370 million: former prosecutor
When the New York judge issues a verdict in Trump's civil fraud case, not only could he be banned from doing business in the Empire State, but the total he would be on the hook to pay could surpass $370 million.
Former Manhattan Assistant District Attorney Karen Friedman Agnifilo, appearing on CNN's "The Source" with Kaitlan Collins, said she believes former President Donald Trump and his eponymous company could be forced to shell out as much as $500 million.
"Yeah, that's going to be hugely significant to him personally because it could be half $1 billion when you add interest and fees and everything else that is at stake here," she said.
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“It is currently anticipated the Engoron decision will be released on Friday, barring unforeseen circumstances," NBC News reported.
The same judge already delivered a damning defeat for Trump.
In late September, New York Supreme Court Justice Arthur Engoron ruled against the 45th president for committing widespread fraud for years along with his adult sons Eric and Don Jr., some executives, and the Trump Organization.
The case, brought by New York Attorney General Letitia James, proved to the judge that Trump and company duped banks and insurers by hyping up the bottom lines and valuations of assets to notch favorable deals and loans.
Engoron has since ordered an independent monitor to keep tabs on the Trump Organization's operations.
The expected verdict is based on the disgorgement of profits from illegal or wrongful acts.
Trump's legal team is appealing the judge's ruling. But should it fail, the former president could lose the power decide the fate of his real estate empire and its properties.
Agnifilo explained that whatever ruling is made in terms of the amount Trump may owe, it won't hinder Trump's freedom as it is a civil case while he is still facing 91 charges across four criminal cases.
"And so what's happening in the other cases he could be a convicted felon by the time he the election in November if these other cases go to trial," she said.