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In exchange for executing the deed, Trump "paid significantly lower property taxes on Mar-a-Lago," Engoron said. REUTERS/Marco BelloOn the witness stand in November, mid-way through his three-month civil fraud trial, Trump obsessed over the valuation of Mar-a-Lago. Under oath, Trump griped that Mar-a-Lago was worth at least $1 billion and called the judge a "fraud" for not agreeing to that valuation. Advertisement"The fraud is on the court when you rule that Mar-a-Lago is worth $18 million," Trump said on the witness stand in November. In the trial, Trump switched back to claiming Mar-a-Lago was worth much more.
Persons: Arthur Engoron, Donald Trump, Trump, Engoron, Donald Trump's, Marco Bello, Lago, I'm, Letitia James, James, Donald Trump , Jr, Eric Trump, Allen Weisselberg Organizations: Business, Mar, FBI, Republican, Trump Organization, Trump Locations: Manhattan, Beach , Florida, Lago, Beach, DC, Palm Beach
Even among all Americans, Trump seems to be doing better. Instead of leading many voters to distrust Trump, the legal cases are leading voters to distrust the legal system. It’s important for the public to feel that the Trump prosecutions are legitimate. For many Americans, all of these distortions validate their sense that the Trump prosecutions are partisan. As they erode public trust, public officials solidify Trump’s support.
Persons: David Orentlicher, Jack, Lulu Lehman, William S, Donald Trump, Arthur Engeron, Trump, Engeron, David Orentlicher R, Marsh Starks, Joe Biden’s, Jack Smith, pollsters, Jean Carroll, , Engoron, Attorney Alvin Bragg, Fani Willis, disqualifying Trump, overreach Organizations: Boyd School of Law, University of Nevada, Democrat, Nevada Assembly, CNN, Trump, UNLV Creative, Republican, ABC, Capitol, defaming, Manhattan, Attorney, District, Mafia, Colorado Supreme, Twitter, Facebook Locations: Las Vegas, Nevada, New York, Iowa, New Hampshire, York, Fulton County , Georgia, Colorado, Maine
The judge who cut a broad swath through Donald J. Trump’s personal and corporate coffers on Friday, ordering him to pay a penalty in his civil fraud trial that will exceed $450 million, was both cutting and colorful in his characterization of the former president’s conduct. The judge, Arthur F. Engoron, an unconventional jurist who presided over the trial, wrote a detailed 92-page legal decision that wove lyrical descriptions of Mr. Trump’s statements and actions into the legal analysis that supported his decision. There’s Bernie Madoff. And there’s even an 18th-century poet. A former cabdriver and music teacher, the judge is an unlikely antagonist for Mr. Trump, who has repeatedly denounced him as a Democratic stooge and criticized his family and his law clerk.
Persons: Donald J, Arthur F, There’s Bernie Madoff, Trump Organizations: Democratic
Former President Donald Trump prepares to testify during his trial in New York State Supreme Court on November 06, 2023 in New York City. The ruling from Manhattan Supreme Court Judge Arthur Engoron is expected to be announced Friday afternoon. A judge could deliver a hammer blow to Donald Trump and his company when he issues a decision in the New York civil trial accusing the former president of years of business fraud. But Trump and the other defendants were found liable for fraud by Engoron before the trial even began. In a bombshell pre-trial ruling, Engoron granted summary judgment on James' main cause of action — that the defendants committed fraud in violation of New York law.
Persons: Donald Trump, Trump, E, Jean Carroll, Letitia James, Arthur Engoron, Joe Biden, vociferously, blaring, Engoron, James, Michael Cohen, Allison Greenfield Organizations: Court, Trump, New York, Manhattan, Republican, New, Trump Organization Locations: New York, New York City, New
The Civil Fraud Ruling on Donald Trump, Annotated
  + stars: | 2024-02-16 | by ( Kate Christobek | ) www.nytimes.com   time to read: 1 min
The Civil Fraud Ruling on Donald Trump, AnnotatedFormer President Donald J. Trump was penalized $355 million and banned for three years from serving in any top roles at a New York company, including his own, in a ruling on Friday by Justice Arthur F. Engoron. The decision comes after the state Attorney General Letitia James sued Mr. Trump, members of his family and his company in 2022. The ruling expands on Justice Engoron’s decision last fall, which found that Mr. Trump’s financial statements were filled with fraudulent claims. Mr. Trump will appeal the financial penalty and is likely to appeal other restrictions; he has already appealed last fall’s ruling. The New York Times is annotating the document.
Persons: Donald Trump, Donald J, Trump, Justice Arthur F, Letitia James, Mr, Engoron’s Organizations: The New York Times Locations: New York
The decision also bans Trump from serving as an officer or director of any New York corporation, bans his two adult sons from serving for two years and fines his two adult sons $4 million. The blistering decision from Judge Arthur Engoron effectively eviscerates the business empire Trump built over decades – an empire that fed his ego, cemented his brand and ultimately propelled the real estate mogul to the world’s most powerful political position. “In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements," Engoron wrote. Here, despite the false financial statements, it is undisputed that defendants have made all required payments on time; the next group of lenders to receive bogus statements might not be so lucky. New York means business in combating business fraud.”Engoron anticipated finalizing his decision on damages by the end of January, but two new issues emerged that ultimately delayed the decision.
Persons: Donald Trump, Arthur Engoron, Trump, Justice Potter Stewart, Engoron, Letitia James, , James, , , he’s, He’s, ” Engoron, Trump's, Allen Weisselberg, pander, Jean Carroll Organizations: Trump, United States Supreme, Donald Trump View, New York, The New York Times, Manhattan, defaming Locations: York, New York, The
CNN —To file under the fantasy music collaborations category, Billy Joel has been toying with the idea of joining forces with some contemporary music greats. “I thought about putting together a band,” Joel retorted. “Me, Don Henley and Sting, and maybe John Mayer on guitar.”That roster would surely be a worthy update to the Wilburys, which was a supergroup team-up between the late Tom Petty, Roy Orbison and George Harrison, along with Jeff Lynne and Bob Dylan. Joel also said he talks to Paul McCartney “a lot,” but added that he doesn’t “have the nerve” to ask the former Beatle to band up. Joel humored Stern while he continued to fantasize about who would be in the supergroup, and said, “Ringo would be good.
Persons: Billy Joel, , Howard Stern, Joel, , ” Joel, Don Henley, John Mayer, Tom Petty, Roy Orbison, George Harrison, Jeff Lynne, Bob Dylan, Stern, hasn’t, we’ll, , Paul McCartney, Joel humored Stern, “ Ringo, Ringo, doesn’t, Freddy Wexler –, Justin Bieber, Ariana Grande, Pink — Arthur Bacon, Wayne Hector Organizations: CNN, Sting Locations:
While Trump is personally on the hook for almost $355 million of that penalty, Donald Trump, Jr., and Eric Trump must pay $4 million each. It targets his real-estate and golf resort empire, the Trump Organization, and does so in two ways that Trump has pushed against for years. AdvertisementIn a statement, a Trump Organization spokesperson decried the verdict as a "gross miscarriage of justice." Donald Trump, Jr., and Eric Trump are banned from running a New York business for two years. And it bans the two former executives, ex-CFO Allen Weisselberg and ex-Controller Jeff McConney, from controlling the finances of another New York company.
Persons: , Donald Trump's, Arthur Engoron, Trump, Donald Trump , Jr, Eric Trump, Allen Weisselberg, Letitia James, James, Judge Engoron, Donald Trump, Bernard Madoff, Read, Jeff McConney Organizations: Service, New York, Business, Trump, Trump Organization, Trump Org, New Locations: York, Trump Organization's, Manhattan, New York
Donald J. Trump lost his civil fraud trial on Friday, as a judge found him liable for violating state laws and penalized him nearly $355 million plus interest. In total, Mr. Trump is expected to have to pay more than $450 million. Along with other punishments, he also barred the former president from leading any company in the state, including portions of Mr. Trump’s family business, for three years. Mr. Trump will appeal, and the case could take months if not years to resolve. But Justice Engoron’s decision could inflict immediate pain, threatening the former president’s finances and his influence over the Trump family business, known as the Trump Organization.
Persons: Donald J, Trump, Arthur F, Engoron, Engoron’s, Letitia James, Organizations: New, Mr, Trump Organization Locations: New York
Among other things, he denied a motion from Trump to dismiss the case and set parameters for jury selection. "At this point, I can inform you that we're moving ahead with jury selection on March 25," he told the court. The Week in Cartoons Feb. 12-16 View All 17 Images“There was a tendency to disparage this case as being the least important – it’s just hush money. Trump denies any wrongdoing and has said that the payments to Cohen were simply reimbursements for legal expenses. “I was probably the only one who didn’t see it that way and felt like I was fighting an uphill battle.
Persons: Donald Trump, Trump, Judge Juan Merchan, , Shanlon Wu, Cohen Seglias, Stormy Daniels, Michael Cohen, Attorney Alvin Bragg, reimbursements, Cohen, Daniels, Norm Eisen, , ” Eisen, ” Trump, Karen Agnifilo, it's, Joe, Joe Biden’s, It’s, Agnifilo, Merchan, Arthur Engoron, Jean Carrol, Wu Organizations: Trump, Republican, Manhattan, Attorney, Prosecutors, , Washington , D.C, Capitol Locations: Manhattan, Clinton, Washington ,, Georgia’s Fulton County, New York’s
Todd Blanche, the lead attorney representing Trump in the case, said that jurors should not be asked whether they believe the 2020 election — which Trump lost to now-President Joe Biden — was "stolen." Ahead of the 2016 election, Trump sought to keep Daniels — an adult film actor whose real name is Stephanie Clifford — quiet about an affair she says she had with him. It will also be the first time a former president has ever sat for a criminal trial. Blanche asked Merchan to take a fresh look at the questions jurors should be asked. AdvertisementLast year, Trump went through a three-month civil trial in Manhattan for a case brought by New York Attorney General Letitia James.
Persons: , Donald Trump, Alex Jones, Tucker Carlson, Todd Blanche, Trump, Joe Biden —, Blanche, Joshua Steinglass, Biden didn't, Steinglass, Juan Merchan, couldn't, Merchan, Attorney Alvin Bragg, Stormy Daniels, Daniels, Stephanie Clifford —, Jean Carroll, defaming, Lewis Kaplan's, Jean Carroll's, Judge Kaplan, Pres, Donald Trump winked, Jeffrey Toobin, Ben Shapiro, Sean Hannity, Jeffrey Toobin —, Susan Necheles, mutter, Carroll, Toobin, Jack Smith, Fani Willis, Smith, Letitia James, Arthur Engoron Organizations: Service, Business, Trump, New, Attorney, US, Getty, Prosecutors, New Yorker, CNN, Justice, New York, Trump Organization Locations: Manhattan, Washington, DC, Fulton County, Florida
But appeals from Mr. Trump postponed that trial, initially scheduled for March 4. Paying hush money is not inherently illegal, but Mr. Trump is accused of falsifying records to hide a potential scandal from voters. Once Mr. Trump was elected, he reimbursed Mr. Cohen. Mr. Trump has accused Mr. Bragg of carrying out a witch hunt against him. In the Georgia case, Mr. Trump is accused of seeking to subvert the 2020 election results in that state.
Persons: Donald J, Trump, Juan M, Trump’s, Merchan, , Alvin L, Bragg, Mr, Jack Smith, Stormy Daniels, Michael D, Cohen, Daniels, Justice Merchan, Arthur F, general’s, Smith, Merchan’s Organizations: New, Republican, Democrat, Mr, White Locations: New York, Manhattan, American, Washington , Florida, Georgia, Washington, York, Florida
That goes for MBAs as much as MFAs, and it’s a lesson Lyft executives learned the hard way on Tuesday, when an errant zero sent its stock (briefly) to the stratosphere. The Lyft typo came in an earnings report that stated, incorrectly, that the company’s estimated gross margin would expand by 500 basis points, which would amount to a stunning five-percentage-point bump. The stock shot up more than 60% before Lyft’s CFO corrected the error on a call with analysts, bringing the stock back to Earth. With the error in the rear view, Lyft shares were up up 30% Wednesday, bolstered by stronger-than-expected earnings and a rosy outlook for future cash flows. “Look, it was a bad error, and that’s on me,” Lyft CEO David Risher told CNBC on Wednesday.
Persons: CNN Business ’, History’s, , Arthur C, Clarke, Galena Biopharma, King Charles I, , David Risher Organizations: CNN Business, New York CNN, MBAs, Citibank, Citi, Mizuho Securities, NASA, New York Times, Bangladesh Bank, Reuters, Maine, SEC, CNBC Locations: New York, Mizuho, Galena
NEW YORK (AP) — Nearly four years after Harvey Weinstein was convicted of rape and sent to prison, New York’s highest court will hear arguments Wednesday in his quest to overturn the landmark #MeToo-era verdict. The New York Court of Appeals agreed last year to take Weinstein’s case after an intermediate appellate court upheld his conviction. His New York trial drew intense publicity, with protesters chanting “rapist” outside the courthouse. That evidence would have served “only to make the jury hate Weinstein,” his lawyers said. During oral arguments, Judge Sallie Manzanet-Daniels said that Burke had let prosecutors pile on with “incredibly prejudicial testimony” from additional witnesses.
Persons: Harvey Weinstein, , James Burke, Weinstein, , Arthur Aidala, Annabella Sciorra’s, Sciorra, Burke, would’ve, Burke’s, hadn’t, “ providently, Sallie Manzanet, Daniels, Aidala Organizations: New, Mohawk Correctional Facility, Associated Press Locations: Albany, Los Angeles, Italian, York, New York, Love, what’s, Sisak, x.com
WHITEFISH POINT, Mich. (AP) — Shipwreck hunters have discovered a merchant ship that sank in Lake Superior in 1940, taking its captain with it, during a storm off Michigan’s Upper Peninsula. But as the Arlington and a larger freighter, the Collingwood, made their way across Lake Superior they encountered dense fog and then a storm after nightfall that battered both ships. The crew, “out of fear for their lives, and without orders from Captain Burke,” began to abandon ship, they said in a statement. Reports indicate he was last seen near its pilothouse, waving at the Collingwood, minutes before his ship vanished into the lake. “It’s exciting to solve just one more of Lake Superior’s many mysteries, finding Arlington so far out in the lake," Fountain said in a statement.
Persons: Dan Fountain, Owen, Frederick “, ” Burke, Burke countermanded, Captain Burke, , Burke, Fountain, Bruce Lynn, . Fountain, Lynn, Dan Organizations: POINT, Mich, , Historical, Arlington, Owen Sound, Collingwood, Arlington ., . Locations: Lake Superior, Keweenaw, Arlington, Port Arthur , Ontario, Owen Sound , Ontario, Great, North Shore, Negaunee , Michigan, Superior
The New N.F.L. Owners?
  + stars: | 2024-02-10 | by ( Lauren Hirsch | Kevin Draper | Michael J. De La Merced | ) www.nytimes.com   time to read: +1 min
The biggest upcoming football event for many of the N.F.L. owners and business executives who will populate luxury boxes at the Super Bowl this weekend is not, perhaps surprisingly, the game. It actually won’t take place until six weeks later, in Orlando, Fla., when football executives gather for the National Football League’s annual meeting — an event that has particular significance this year. Major League Baseball, the National Basketball Association and the National Hockey League have already relaxed their ownership rules. But the N.F.L.
Persons: Arthur Blank, Greg Penner Organizations: National Football, Major League Baseball, National Basketball Association, National Hockey League, Atlanta Falcons, Home Depot, Walmart, Denver Broncos Locations: Orlando, Fla, Florida
ATLANTA (AP) — Bill Belichick made no demands for additional authority during his two interviews with Atlanta in the coach search that led to the hiring of Raheem Morris, according to Falcons owner Arthur Blank. Speaking for the first time on Friday about the search, Blank said Belichick did not request control of player personnel, as was widely speculated. Belichick had player personnel control in New England. Blank said he was impressed by the experience Morris, a former Atlanta assistant coach, gained with the Rams. “I would never, ever feel slighted ... for what people would feel about coach Belichick, right?”Blank was ill and did not attend Monday's news conference.
Persons: — Bill Belichick, Raheem Morris, Arthur Blank, Blank, Belichick, Morris, Don Shula’s, , , who’s, ” Blank, “ Bill Belichick, Terry Fontenot, Rich McKay, Fontenot, McKay, ” Morris, ” Belichick, Arthur Smith, “ I’ve, ___ Organizations: ATLANTA, Atlanta, Falcons, New England Patriots, Los Angeles Rams, of Fame, Tampa Bay Buccaneers, MLS Atlanta United, Blank, Rams, Patriots, Pittsburgh Steelers, Super Locations: New England, Atlanta
In an email to Trump’s attorney on Thursday, the judge pushed back on the suggestion that he was going to rely on news reports about Weisselberg’s possible perjury in his decision. The judge said if Weisselberg pleads guilty before his ruling he will “research and consider what the law allows.” He said it was appropriate to inquire about the potential perjury charge. “You and your co-counsel have been questioning my impartiality since the early days of this case, presumably because I sometimes rule against your clients. That while approach is getting old,” the judge wrote. “I am not reopening the case, but if someone pleads guilty to committing perjury in a case over which I am presiding, I want to know about it,” the judge wrote.
Persons: Donald Trump, Trump, Judge Arthur Engoron, Allen Weisselberg, Trump’s, , Weisselberg, Organizations: CNN, New, Trump, Trump Organization, The New York Times Locations: New York
French accounting tech startup Pennylane has raised $43 million in a deal that valued the business at over $1 billion. Founded in 2020, Pennylane works with SMEs and accounting firms to simplify and digitize their accounting processes. The company's SaaS model pulls third-party data from platforms like Stripe and Qonto, to help SMEs with their accounting needs. This story is available exclusively to Business Insider subscribers. "We've seen very strong growth in users and revenues, without having to grow our sales and marketing spend," Waller told Business Insider.
Persons: Pennylane, Arthur Waller, Waller, it's, Visma Organizations: Business, Sequoia Locations: Paris, Pennylane
A Trump fraud-trial witness's possible perjury should not delay a verdict, NY officials argue. They say it's "hardly surprising" if Trump co-defendant Allen Weisselberg lied on the stand. Weisselberg "lacks credibility" anyway, the officials, from the NY AG's office, wrote Wednesday. "If true, he should be held to account fully for his actions," Wallace wrote of Weisselberg. AdvertisementThe Trump defense team's response to the Weisselberg perjury matter was filed just in time for the judge's 5 p.m. Wednesday deadline.
Persons: Trump, Allen Weisselberg, , Donald Trump's, General's, Kevin Wallace, Wallace, Arthur Engoron, Engoron, Weisselberg, Letitia James, James, Alina Habba Organizations: NY, Trump, Service, New, New York, New York Times, Manhattan, Attorney's Office, Times, Attorney's Locations: New York, Manhattan
At age 15, I developed chronic fatigue syndrome, a condition that causes extreme exhaustion, pain, cognitive issues, and more. Living with limited energy for so long has taught me a thing or two about managing fatigue. Choose rest activities that allow you to recoup some of the energy you've used. In each meal the largest food group should be vegetables, and leafy greens like kale or spinach are best for supporting your cognitive energy. I've lived nearly half my life with chronic fatigue syndrome, and I've realized that while it's important to protect your energy, don't hoard it.
Persons: I've, I'm, It's, Organizations: Service, Business
Editor’s Note: This is a version of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. It’s a particularly difficult moment for Prince William. Video Ad Feedback See Prince William's first public appearance since King Charles' cancer diagnosis 01:23 - Source: CNNThe demands of being the immediate heir saw William make a partial return to royal duties on Wednesday after a three-week absence. That will give William some flexibility as it means the prince appears not to be needed to pick up any constitutional business. The King’s diagnosis means William is now one of the most prominent faces of the clan - alongside Queen Camilla.
Persons: It’s, Prince William, Catherine, Princess, Wales, Charles, William, Queen Elizabeth II –, William's, King Charles, , , ” William, I’d, Daniel Leal, Prince Harry, Prince, He’s, Queen Camilla, Arthur Edwards, it’s, ramped, Charles ’, Princess Anne, William’s Organizations: CNN’s Royal, London CNN, CNN, Windsor Castle, London Air Ambulance, Air Ambulance, Sandringham, Commonwealth, Westminster Abbey, BBC Locations: London, Windsor, Buckingham, Wales, Westminster
CNBC Daily Open: Tech layoffs continue to hit
  + stars: | 2024-02-07 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks mostly upAsia markets largely rose on Wednesday tracking Wall Street's advance as investors digested corporate earnings. Like gold, silver prices tend to have an inverse relationship with interest rates. With expectations that the Federal Reserve could start cutting rates this year, silver may get a boost.
Persons: Dow, Arthur Laffer, Laffer, Bob Iger, Jason Hsu, Hsu Organizations: CNBC, DBS Group, Nasdaq, Federal Reserve, ESPN, Fox, Warner Bros, Disney, Rayliant Global Advisors Locations: Asia, Asia's, Hong Kong
NEW YORK (AP) — Lawyers involved in Donald Trump’s civil fraud trial told the judge Wednesday they had no information to share regarding a key witness reportedly negotiating to plead guilty to perjury in connection with his testimony in the case. The New York Times reported last week that Weisselberg was in negotiations with the Manhattan district attorney’s office to plead guilty to perjury and “admit that he lied on the witness stand” when he testified at the civil fraud trial in October. Wallace urged the judge not to delay the verdict, saying that doing so “would have the perverse effect” of rewarding Weisselberg and co-defendants, including Trump, for testimony that may have been false. Court officials have said Engoron's verdict in the case, which involves allegations Trump inflated his wealth to dupe banks, insurers and others, should be ready by mid-February. “Court decisions are supposed to be made based on the evidence at trial, not on media speculation," Kise said.
Persons: Donald Trump’s, Judge Arthur Engoron, Allen Weisselberg, Weisselberg, , Alina Habba, Engoron, Habba, Kevin Wallace, Letitia James, Wallace, Trump, ” Wallace, Christopher Kise, Kise Organizations: , Trump Organization, The New York Times, Associated Press, Weisselberg, Trump Tower, Trump, , Times Locations: Manhattan, Weisselberg, New
It’s never been more expensive to be a Disney fan
  + stars: | 2024-02-07 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +6 min
Not only have theme park visits gotten more expensive, but so have Disney’s cruise vacations, souvenirs and the company’s streaming services. Over the summer, Disney quietly raised the prices at two of the adult-exclusive restaurants on board its cruise ships to $135 per person for dinner, a nudge up of $10, according to the Disney Cruise Line Blog. But one thing is certain: being a Disney fan has never been more expensive. Passengers stand on the deck of Disney Dream, a Disney Cruise Lines' ship, as it sails to the Bahamas on August 9, 2021. Joe Skipper/ReutersBrittany Huizinga, an Arizona-based travel agent at Smart Moms Travel, took a two-part trip with her husband and two children during the holiday season: The first four nights were spent at Walt Disney World and the last five nights on a Disney Cruise ship.
Persons: Walt, Gina Lee, , , Disney, Ron DeSantis, Don Munsil, , That’s, Minnie, Joseph Prezioso, Genie, we’ve, ” Munsil, Joe Skipper, Brittany Huizinga, Bob Iger, Mouse’s, Doug Arthur, “ It’s, Disney’s, Lee Organizations: CNN, Walt Disney World, Disney, Disney Vacation, Magic, Walt Disney, Anadolu Agency, Getty Images Parks, Disney Cruise Lines, Smart, Huber Research Partners, Disney’s ESPN, Fox Corporation, Warner Bros ., . Disney, Wayback Locations: Orlando , Florida, New York, , Florida, Disneyland, California, Orange County , Florida, Bahamas, Arizona
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