PANICKED Donald Trump is careening into a financial abyss after getting swamped by a tsunami of judgments, fines and legal fees that insiders say could leave the floundering real estate mogul busted flat!
Over recent weeks, the former president, 77, has been socked with $445 million worth of civil judgments for business fraud, plus about $100 million in interest, to go with nearly $77 million in legal fees he’s rung up defending himself in a host of lawsuits and criminal cases.
“This could be the end of Donald Trump’s business empire,” proclaims a Beltway insider. “It’s a day of reckoning long delayed, but it seems to have arrived in spades.”
Most recently, New York Justice Arthur Engoron slapped the likely Republican presidential nominee with a massive $355 million fine — plus $98.6 million in interest — related to claims he committed fraud by conspiring with executives of the Trump Organization to overinflate the value of his business properties to secure better terms on loans and insurance policies.
Engoron also banned Trump from holding any roles with the company for three years and prohibited his sons Don Jr. and Eric from doing so for two! Instead, U.S. District Court Judge Barbara Jones will manage the business as an independent monitor, which sources say is the family’s worst nightmare.
“The frauds found here leap off the page and shock the conscience,” declares Engoron, who also fined Don Jr. and Eric $4 million apiece.
This story is from the March 11, 2024 edition of Globe US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 11, 2024 edition of Globe US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
BEN RUNS OUT OF INK!
J.Lo seethes as ex finally undoes tattoo she hated
CHER DISHES TEEN FLING WITH BEATTY!
Notorious cougar Cher is well known for robbing the cradle, but that's just what happened to her when she was 15 years old and got picked up by screen heartthrob Warren Beatty!
FAT CHANCE PORKY SEAGAL TELLS TRUTH!
Russia deserves cheating chunkster
BARRY BALLISTIC OVER DEADBEAT DAD LABEL!
SIZZLING Irish beefcake Barry Keoghan is going ballistic after internet trolls branded him a deadbeat dad!
J.LO'S HUNKY CATTLE CALL!
Gets her flirt on with sexy staffers
EDISON'S DEMON DOLL!
Lightbulb inventor's not-so-bright idea sent kids screaming
JEN-JOLIE FEUD CATCHES FIRE!
Angie's Oscar buzz riling love rival Aniston
JOSH'S WILD YOUTH OF 'TWEEN TRIPPING!
DEADPOOL 2 star Josh Brolin confesses he grew up as a wild youth, dropping acid when he was just 13 years old and passing out on a sidewalk at 15!
HAUSER FEELS AT HOME ON YELLOWSTONE RANGE!
Digs spurs into Costner
DENZEL'S DEADLY DIET PLAN!
Drops 30 lbs. to recapture past glory