Judge Engoron has officially ruled that President Trump is liable for fraud in the New York City fraud case.
The ruling says that President Trump has to pay $364 million and bans him from operating his business in New York for three years.
Additionally, Donald Trump Jr. and Eric Trump are barred from serving as an officer or director in any New York business for two years.
The ruling comes just weeks after President Trump was ordered to pay $83 million to E. Jean Carroll over a defamation case.
NEVER FORGET: The judge who fined Donald Trump $364 million laughed, smiled and smirked for the camera in court.
This isn’t about “justice” — These people are openly celebrating what they’re doing.
Disgusting.
— Benny Johnson (@bennyjohnson) February 16, 2024
The folks at Fox News share more on the story:
Former President Donald Trump was barred from operating his business in New York for three years and was found liable for more than $350 million in damages in the civil fraud case brought against him, his family and the Trump Organization by New York Attorney General Letitia James.
New York Judge Arthur Engoron handed down his ruling Friday after a months-long trial beginning in October and stemming from James’ lawsuit alleging the former president inflated his assets and committed fraud.
Engoron fined Trump $364 million
Engoron also barred Donald Trump Jr. and Eric Trump from serving as an officer or director of any New York corporation or legal entity in New York for two years.
New York Attorney General Letitia James brought the lawsuit accusing Trump and the Trump Organization of fraudulent business practices. The court proceedings were contentious, with Engoron repeatedly placing Trump under a partial gag order to prevent him from criticizing court staff.
James had sought $370 million, plus 9% interest in penalties from Trump. Any awarded funds would go to the New York State Treasury, unless directed elsewhere by the state comptroller.
Trump dismissed the trial as a “witch hunt” throughout the process, accusing both Engoron and James of serving as political operatives for Democrats. Trump’s legal team also repeatedly blasted the lack of a jury in the trial.
Alex Jones has much to say about the outcome:
Breaking Exclusive! Judge Arthur Engoron Finds Trump Guilty Of Real Estate Fraud In New York City pic.twitter.com/F6SdMv7Wgy
— Alex Jones (@RealAlexJones) February 16, 2024
BREAKING: Donald Trump ordered to pay over $350 MILLION in the New York civil trial case, by corrupt judge Arthur F. Engoron.
Absolutely insane.
The insane amount of money could wipe out Trump's cash stockpile if he is forced to pay.
The figure could increase with interest… pic.twitter.com/vTOHUmceyL
— Collin Rugg (@CollinRugg) February 16, 2024
CNBC News shares more on the story:
Engoron also ordered the cancellation of the defendants’ business certificates and the appointment of an independent receiver to manage the dissolution of Trump’s corporate entities. Some experts have described the ruling as a “death penalty” for the Trump Organization.
But that order was put on hold during the trial, which was conducted to determine the amount to be paid in penalties and resolve other claims of wrongdoing from James’ lawsuit.
The trial also doubled as a soapbox for Trump to air his grievances about his perceived political foes, including those sitting feet away from him in court.
On the witness stand, Trump railed against Engoron and James while defending the values that were reported on his statements of financial condition. Trump also tore into another key witness, his former fixer and personal lawyer Michael Cohen, who testified that Trump had directed him to falsely manipulate his net worth.
Trump’s venting brought consequences. On the second day of the trial, Engoron imposed a narrow gag order after Trump repeatedly targeted the judge’s principal law clerk, Allison Greenfield, who sat in court.
Trump violated the gag order twice within four weeks, catching fines totaling $15,000.
I fully expect President Trump and his legal team to try and appeal and have Judge Engoron’s decision overruled.
This is nothing more than a political witch hunt that is seeking to strip President Trump of the funds to run for office in the upcoming election.
Democrats are terrified of the idea that President Trump is looking to beat Biden by a landslide.
This is why so many phony charges suddenly spring up right before the election.
Stay strong, and don’t lose hope.
#MAGA2024
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