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