The only question is how much that impacts his run for president. I agree... he will lose big. Because of the election etc, this is not something he might normally be able to buy his way out of. Just my opinion.
At this point, even if he settles, he will still be fairly called a racketeer.
A side issue is just how many conservative evangelicals are simply not going to vote for President this Fall, or bother even going to the polls?