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brooklynite

(95,553 posts)
Fri Feb 16, 2024, 04:05 PM Feb 2024

Trump Ordered to Pay $355 Million and Barred From New York Business [View all]

Source: New York Times

A New York judge on Friday handed Donald J. Trump a crushing defeat in his civil fraud case, finding the former president liable for conspiring to manipulate his net worth and ordering him to pay a penalty of $355 million that could wipe out his entire stockpile of cash.

The decision by Justice Arthur F. Engoron caps a chaotic, yearslong case in which New York’s attorney general put Mr. Trump’s fantastical claims of wealth on trial. With no jury, the power was in Justice Engoron’s hands alone, and he came down hard: The judge delivered a sweeping array of punishments that threatens the former president’s business empire as he simultaneously contends with four criminal prosecutions and seeks to regain the White House.

Not only did Justice Engoron impose a three-year ban preventing Mr. Trump from serving in top roles at any New York company, including his own, but the judge also applied that punishment to the former president’s adult sons for two years and ordered that they pay more than $4 million each. One of the sons, Eric Trump, is the Trump Organization’s de facto chief executive, and the ruling throws into doubt whether any member of the family can run the business in the near term.

Mr. Trump will appeal the financial penalty — which could climb to $400 million or more once interest is added — but will have to either come up with the money or secure a bond within 30 days. The ruling will not render him bankrupt, because most of his wealth is tied up in real estate.




Read more: https://www.nytimes.com/2024/02/16/nyregion/trump-civil-fraud-trial-ruling.html



Donald Trump's adult sons, Don Jr. and Eric, were ordered to pay $4 million each after Judge Arthur Engoron found them liable for multiple fraud counts.

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This message was self-deleted by its author RandySF Feb 2024 #1
That's just what Ms. James has asked for nt leftieNanner Feb 2024 #2
Less. former9thward Feb 2024 #10
They havent said yet what the interest will be. getagrip_already Feb 2024 #4
Over $400 million with interest avebury Feb 2024 #54
MSNBC legal eagles said 9% interest. n/t iluvtennis Feb 2024 #62
Compounded daily..... SergeStorms Feb 2024 #84
They said angrychair Feb 2024 #5
Three years for Trump. former9thward Feb 2024 #9
3 years may not be enough. soldierant Feb 2024 #75
Yes, but it creates a short-term crisis for them. yardwork Feb 2024 #105
I'm not sure either of them would be much help. soldierant Feb 2024 #113
Apparently $355 M. brooklynite Feb 2024 #6
Trump Ordered to Pay Over $350 Million and Barred From New York Business swag Feb 2024 #3
I like it Lulu KC Feb 2024 #8
Just think: if Alina Habba had checked the "jury" box, things may have turned out differently. Go Habba, go! machoneman Feb 2024 #104
Link to the court order: mahatmakanejeeves Feb 2024 #7
Does "jointly and severally liable" mean that the family can say that the trust or organization pays it all muriel_volestrangler Feb 2024 #20
Kind of jmowreader Feb 2024 #44
HaHa!! smb Feb 2024 #63
You get 2 hearts for that chart, SMB! SergeStorms Feb 2024 #85
Baaahahahahaaaaa. Ty! electric_blue68 Feb 2024 #97
Thoughts and prayers!!! shotten99 Feb 2024 #11
yes, hit him again- harder nt et tu Feb 2024 #58
This is wonderful.. bagimin Feb 2024 #12
Putin killed Prigozhin and Navalny, so will Trump be the next "loose end"? Kennah Feb 2024 #13
Don't tease me like that! birdographer Feb 2024 #23
I can't believe Putin has let TFG and his family of goons live this long ffr Feb 2024 #47
I think Pootie has other priorities at the moment. ShazzieB Feb 2024 #76
If Trump doesn't manage to get back in the White House...... yardwork Feb 2024 #106
No, T45 Karma is to live with a disability IbogaProject Feb 2024 #112
Suspect as Eric said, we have all the money we need from Russia."9 Evolve Dammit Feb 2024 #14
From the decision: mahatmakanejeeves Feb 2024 #15
Covicted Felon. Such a nice sound. twodogsbarking Feb 2024 #16
No Bernardo de La Paz Feb 2024 #24
But the show ain't over yet. twodogsbarking Feb 2024 #31
Honest question here: Orrex Feb 2024 #89
Good question. "judged liable", "culpable"? "Guilty" might not be accurate Bernardo de La Paz Feb 2024 #91
I do like the sound of "culpable" Orrex Feb 2024 #116
that fraudulent fuck? Kali Feb 2024 #94
Good and fitting, all. Orrex Feb 2024 #117
legally culpable fraudster dementia j. loser niyad Feb 2024 #115
I might actually start referring to him by that last part Orrex Feb 2024 #118
Keith Olbermann has been calling him that for some time now. niyad Feb 2024 #119
No, unfortunately not. This was a civil case. The criminal case is up on March 25th, unless the can's kicked down Texin Feb 2024 #69
That's the ticket. twodogsbarking Feb 2024 #74
That can 🥫 better not get kicked down the road! (Although I know he'll try.) ShazzieB Feb 2024 #80
Close - an indicted felon (georgia case) onetexan Feb 2024 #77
So I heard. twodogsbarking Feb 2024 #78
This is really a decision that will cause a lot of pain... the company is restricted going forward getting loans LetMyPeopleVote Feb 2024 #17
This one has to sting. honest.abe Feb 2024 #18
Hide the ketchup LetMyPeopleVote Feb 2024 #19
The KetchCon scale is full of win. 4lbs Feb 2024 #56
This makes me smile LetMyPeopleVote Feb 2024 #79
love it!!!! nt et tu Feb 2024 #65
Next up: Chump sues Alina Habba for $355 mill - malpractice FakeNoose Feb 2024 #21
All the decent lawyers.... SergeStorms Feb 2024 #87
Baaahahahahaaaaa. That's Funny! Love him slamming the laptop on the desk. electric_blue68 Feb 2024 #99
From the Washington Post: mahatmakanejeeves Feb 2024 #22
WORLD'S BIGGEST LOSER! Novara Feb 2024 #25
He got tired of winning all the time. sop Feb 2024 #32
Not being able to borrow money will be devastating dlk Feb 2024 #26
So what happens with Trump Tower NY? live love laugh Feb 2024 #27
Yes, I need to know runnergirl Feb 2024 #51
NYC should turn it into a migrant shelter MichMan Feb 2024 #103
I would like to take this opportunity to thank the Judge and all who helped with this and also twodogsbarking Feb 2024 #28
I was hoping for a billion-dollar fine and a lifetime ban DavidDvorkin Feb 2024 #29
not be a billion, but it will severely restrict his ability, and his grifting kids to do business in NY, or anywhere PortTack Feb 2024 #42
I was hoping for the Chair! But, then again, I ain't no lawyer. PTL_Mancuso Feb 2024 #108
I'd pay to see that. DavidDvorkin Feb 2024 #110
Fantastic news! StarryNite Feb 2024 #30
Trump civil fraud trial live updates: Judge fines Trump $354 million The former president was found to have defrauded l riversedge Feb 2024 #33
"So much winning!" WestMichRad Feb 2024 #34
yah, winning is unbearable Roc2020 Feb 2024 #72
Loser! mcar Feb 2024 #35
Just in time for some Trump Tower and Mar-a-lago Spring Community Garage Sales! Rhiagel Feb 2024 #36
Wonder if they will sell the toilets BlueKota Feb 2024 #68
Rapists and fraudsters. And here we thought they were just ordinary republlican Grifters. ffr Feb 2024 #37
$543 mil is what Trump needs for appeal of this case Jarqui Feb 2024 #38
Nothing a couple of flash drives won't cover. Beachnutt Feb 2024 #71
LINK TO PDF OF JUDGE ENGERON'S RULING ificandream Feb 2024 #39
Wonder how many times the Shitty grifter has re-thought that decision to run for President. Comfortably_Numb Feb 2024 #40
This is getting interesting. What will the Trump clan do now? twodogsbarking Feb 2024 #41
I love the fact Donny Jr. and Eric can't do business in NY State for two years. ificandream Feb 2024 #43
Well, THAT just preempted local news nitpicked Feb 2024 #45
Yay ! Yay ! Yay! FailureToCommunicate Feb 2024 #46
Well that just preempted local news nitpicked Feb 2024 #48
Bwah! I actually get this - I was staying overnight in DC back in Dec '93 bc... electric_blue68 Feb 2024 #98
I wonder how much it is with the interest included? LiberalFighter Feb 2024 #49
Someone else on another thread estimated it at another 100M. honest.abe Feb 2024 #52
Alarms should be going off at IRS about now. How much has TFG defrauded U.S. Taxpayers? ffr Feb 2024 #50
Yes. I know his businesses are conplex TexasBushwhacker Feb 2024 #67
Congress is just as responsible for deficit spending MichMan Feb 2024 #111
the republican Congress under TFG is just as responsible for deficit spending ffr Feb 2024 #120
I'm guessing there'll be a social posting tsunami tonight. padah513 Feb 2024 #53
Still the MAGA will love him. liberal N proud Feb 2024 #55
Let them love him all they want. 😠 ShazzieB Feb 2024 #86
Can Melania or Ivanka take over the businesses? chowder66 Feb 2024 #57
They run away from the smelly con artist as fast as they can... Justice matters. Feb 2024 #61
So will the MSM polls finally change ArizonaLib Feb 2024 #59
I hope he the orange guy tom_kelly Feb 2024 #60
Not enough !! flying-skeleton Feb 2024 #64
so much winning! mike_c Feb 2024 #66
Good! Wicked Blue Feb 2024 #70
It's on the high end of what was asked for by the DA Warpy Feb 2024 #73
Three years isn't enough. Grumpy Old Guy Feb 2024 #81
So he's banned from doing business in NY and so are his sons. llmart Feb 2024 #82
Question? BlueKota Feb 2024 #83
Seeing that most everything he owns (technically) is highly leveraged... Mr. Evil Feb 2024 #88
Of course Sailingdiver Feb 2024 #90
I wish the IRS would go after him, but they probably think that's "too political" even though catbyte Feb 2024 #92
A bit too big for Go Fund Me, what say Donny? KY_EnviroGuy Feb 2024 #93
No pity CountAllVotes Feb 2024 #95
And I STILL hear the spawn referred as "his boys", even on MSNBC BigmanPigman Feb 2024 #96
This was top of the 8PM local news in L.A., and it was TERRIFIC! No BS, just the truth, for once. C Moon Feb 2024 #100
Couple of questions: Aussie105 Feb 2024 #101
lets see how long ol kimberly sticks with djtj once hes broke... samnsara Feb 2024 #102
Kick. N/T Upthevibe Feb 2024 #107
Justice delayed is just as delicious. nt Xipe Totec Feb 2024 #109
Was hoping for the business "death penalty", but little victories are good too. On to the next trial, asshole. OverBurn Feb 2024 #114
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