Teri_Kanefield,
@Teri_Kanefield@law-and-politics.online avatar

What is the practical effect of the fraud judgment against Trump Org?

I don't think anyone knows yet. For one thing, we don't know what the damages will be. James is asking for 250 million.

Worst case scenario: loans will be recalled, assets sold to pay the judgment, and the house of cards collapses.

I'm sure Trump has money stashed around the globe, so he won't lose everything.

It will certainly be harder for him to pretend he's a successful businessman and billionaire 😂

1/

not2b,
@not2b@sfba.social avatar

@Teri_Kanefield He's appealing and suing the judge, right? I guess that will delay any consequences for a while.

Though perhaps his creditors might start calling loans immediately while there are still assets to grab, and I don't think appeals would hold them off, but I don't know.

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