
Trump may need to search farther afield in order to pay the nearly $500 million piper.
"He has more troubles coming ahead," Trump biographer David Cay Johnston said during a panel discussion on CNN's "The Source" with Kaitlan Collins.
Trump learned that he and his company were nailed with a $355 million verdict by Manhattan Supreme Court Justice Arthur Engoron.
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The judge described the widespread fraud that was carried out by Trump, his grownup sons Eric and Don Jr., as well as former Trump Organization CFO Allen Weisselberg.
“This is a venial sin, not a mortal sin,” Engoron's 92-page opinion reads. “They did not rob a bank at gunpoint. Donald Trump is not Bernard Madoff. Yet, defendants are incapable of admitting the error of their ways.”
While the interest rate on civil judgments dipping from 9% to 2% will soften the sting some for the 45th president, Johnston wonders if former President Donald Trump can cough up the cash to remit today's fraud civil judgment or the $83.3 million defamation judgement ordered against him for publicly impugning E. Jean Carroll's name.
Johnston noted that working against Trump is the fact that should he need to post a bond, he would need a loan. And that bank or institution cannot be "certified in New York."
That could have the former commander-in-chief desperately heading overseas to ask for a bailout from a Russian oligarch or perhaps Saudi Arabia's Crown Prince Mohammed bin Salman "if they're willing to put up the money for him."
"He can't borrow from any bank registered in New York state. And every big bank in the world pretty much that deals in the Western world is registered here," said Johnston.