Donald Trump has appealed his $454 million New York civil fraud judgment, challenging a judge’s finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.
But, he didn’t post a bond, so he still owes the court.
If this runs to conclusion and the verdict stays, most likely the banks that where duped will request the difference between what he paid and what he should have paid if they knew the true financial reality, if they would have lent to him at all.
The lying on real estate value most likely also influenced the prices of other real estate to be higher. So people that bought real estate will also have been influenced. They will have a hard time proving it, but the downstream effects will be there.
If this runs to conclusion and the verdict stays, most likely the banks that where duped will request the difference between what he paid and what he should have paid if they knew the true financial reality, if they would have lent to him at all.
The lying on real estate value most likely also influenced the prices of other real estate to be higher. So people that bought real estate will also have been influenced. They will have a hard time proving it, but the downstream effects will be there.