Judge Arthur Engoron dealt a significant legal and financial blow to former President Donald Trump's business empire, including a staggering $355 million fine and temporary removal of Trump and his sons from business leadership roles. Professor Robert Lawless, speaking to ABC News, explained what may happen to Trump and his businesses if his appeal fails to limit the fines imposed by Engoron, including limited access to capital, increased oversight, and the possibility of forced asset sales. Trump's ongoing legal battles, including the recent civil suit payout to E. Jean Carroll, could exacerbate his financial difficulties, with bankruptcy offering little respite due to the non-dischargeable nature of legal fines.

Read the full article on the ABC News website.