Legal AF by MeidasTouch Judge’s Ruling Will END Trump Financially
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Feb 14, 2024 A civil fraud judgment against Trump looms, potentially costing him over $550 million. The monitor's report reveals ongoing compliance issues at the Trump Organization. Concerns about perjury from Allen Weisselberg may influence future investigations. The judgment could hinder Trump's business activities in New York and complicate his fundraising efforts. With monthly legal costs skyrocketing, the podcast discusses the complex challenges Trump faces in appealing and managing his assets under supervision.
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Massive Civil Judgment Looms
- Judge Angoran is poised to enter a large civil fraud judgment against Donald Trump after an 11-week trial and prior summary judgment finding.
- Disgorgement sought ($370M) plus 9% compounded prejudgment interest could push the total past $550–570M.
Monitor’s Report Damages Defense
- The court-ordered monitor, former judge Barbara Jones, rated the Trump Organization poorly for controls and continuing problematic transfers.
- That weak compliance report will weigh heavily in the judge's remedy decisions.
Weisselberg Perjury Raises Credibility Issues
- Allegations that Allen Weisselberg may have committed perjury add another negative data point for Trump in potential criminal and civil contexts.
- Ongoing criminal scrutiny of Weisselberg strengthens the judge's view of credibility problems.