CNN Senior Legal Analyst Elie Honig does no longer like Donald Trump’s possibilities when the previous president appeals a decide’s ruling that ordered him to pay an eye-popping sum.

Ny Decide Arthur Engoron, who ruled remaining 12 months that Trump and the Trump Group defrauded banks and insurers, ruled on Friday that the previous president must pay $354 million for overstating the worth of his assets to acquire extra favorable phrases with banks and insurance corporations.

The judge additionally ordered Donald Trump Jr. and Eric Trump – executives on the company – to pay $four million each and every, and ex-Trump Group CFO Allen Weisselberg to pay $1 million. The Trumps deny they inflated their assets and argued that fraud was not dedicated because no institutions lost money.

The former president mentioned he’ll enchantment the choice.

Honig and Former CNN felony analyst Jeffrey Toobin seemed on Friday’s AC360 to provide their reaction.

“What his safeguard used to be in this case, which was, ‘I borrowed cash and I paid it back,” Toobin said. “‘So, what’s the issue? There’s no hurt.’ The issue is that because he lied about his belongings, he got lower rates of interest to have to pay it again. So, he benefited to the tune of tens of millions of bucks with the aid of lying to the banks and to other authorities about what quantity of money he had. He’s never recounted that, but this injury award is because he got all this advantage – tens of millions of bucks, decrease rates of interest as a result of the lies that he advised.”

Host Anderson Cooper became to Honig.

“The prospect of an appeal,” the host mentioned. “Is there one for him?”

“Well, he undoubtedly will attraction,” Honig cited. “I feel he has next to no probability of prevailing.”

“He has to position up cash simply to enchantment,” Cooper mentioned.

“He has to position up a bond,” Honig answered. “On a regular basis, the events will agree on it. If no longer, the choose will set it. It’s regularly some share, and you can secure the bond with properties or that more or less thing.”

He then grew to become to Engoron’s ruling, which he praised for being “meticulous”:

He goes via every property, every transaction, and he puts things within the attraction that he is aware of he cannot be reversed on. For example, assessing how credible a witness is. Did I imagine this witness or now not? That’s uniquely as much as the trial choose. that You could’t be reversed on that. So, Donald Trump unquestionably will enchantment. I think he’s bought subsequent to no likelihood of profitable on it.

Watch above via CNN.

The put up Trump Has ‘Subsequent to No Probability of Profitable’ When He Appeals $354 Million Judgment Against Him, Says CNN Felony Analyst first appeared on Mediaite.