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☆ Trump is racking up $2.6 million in interest for every month that he hasn't paid his $355 million fine
▼ + stars: | 2024-02-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewFormer President Donald Trump has been ordered to pay interest for the $355 million in penalties from the New York case against him, and it's likely already added about $100 million to his total fine. Trump will have to pay interest on this dating back to May 2022, which is currently $20 million. Trump now stands to lose about $32 million from interest per year if he does not clear his $355 million disgorgement. Advertisement"Trump, Donald Trump, Jr., Eric Trump, and his former executives must pay over $450 million in disgorgement and interest," she wrote. Donald Trump Jr. and Eric Trump have each been ordered to pay $4 million in penalties for their involvement in the Old Post Office sale.

Persons: —, Donald Trump, Arthur Engoron, Trump, Engoron, Letitia James, Donald Trump , Jr, Eric Trump, Donald Trump Jr, Christopher Kise, Kise, James, Jean Carroll, Stormy Daniels Organizations: Service, Business, Post, Trump, New York, Newsweek, Department of Justice, White Locations: York, Washington , DC, Ferry, Bronx, Manhattan, Fulton County , Georgia

☆ 'Who's going to do that?': Trump faces hurdles in securing appeal bond for fraud case
▼ + stars: | 2024-02-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

But first, he has to secure a bond — and that might not be so easy. Unless he wants to pay the entire penalty while his expected appeal is considered, Trump will need to post an appeal bond. At that rate, Trump's original ruling with interest would indicate he will need to secure a bond worth more than $540 million. It's "not very attractive to take real estate as collateral," said Neil Pedersen, owner of New York-based surety bond agency Pedersen & Sons. Trump could have to liquidate some assets to secure a bond, said Pedersen.

Persons: Donald Trump, Trump, Neil Pedersen, Pedersen, Judge Arthur Engoron's Organizations: U.S, Court, Trump, Sons Locations: New York, Manhattan , New York

☆ Fraud like nobody's watching: Trump was probed for 5 years, and still wouldn't clean up his act
▼ + stars: | 2024-02-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

Donald Trump's fraud verdict targets three things he values dearly: his cash, his New York business address, and the Trump Organization steering wheel. Otherwise, as Engoron noted in his verdict, Trump, his company, and his sons, Donald Trump Jr. and Eric Trump, "are likely to continue their fraudulent ways." In previous years, Trump has settled allegations of fraud involving the Trump Foundation, Trump University, and the 2017 Inaugural Committee, Amer pointed out in closings. The same day James concluded her initial investigation and filed her massive Trump fraud lawsuit, on September 21, 2022, Trump incorporated "Trump Organization II" in what her office worried was an attempt to shift and protect assets. Advertisement"In short," they added, Trump and Trump Organization leadership "have proven themselves incapable, time and again, of following the law."

Persons: Trump, Donald Trump's, —, he's, Letitia James, Arthur Engoron, James, he'll, Barbara Jones —, Judge Jones, Jones, Engoron, Donald Trump Jr, Eric Trump, Cushman, Trump's, Allen Weisselberg, Patrick Birney, Birney, Weisselberg, Donald, — Trump, Andrew Amer, Amer, — Jones, Jean Carroll, Kevin Wallace, Christopher Kise, Kise, She's Organizations: NY, Trump Organization, Trump, GOP, New York, Deutsche Bank, Mazars, Trump Org, Trump Foundation, Trump University, New, Independent Monitor Locations: New York, Mazars USA, Wakefield, Trump

☆ Trump receives mixed reception as he launches $400 gold sneakers day after $355 million court ruling
▼ + stars: | 2024-02-18 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

Read previewFormer President Donald Trump made a surprise appearance at "Sneaker Con" in Philadelphia on Saturday. The shiny gold "Never Surrender High-Tops" features an American flag on the back and a capital "T" on the side. They are available on a website selling Trump cologne and other Trump-branded shoes. Trump getting booed at Sneaker Con while trying to sell Trump Shoes for $399.00. AdvertisementTrump claimed last year that he had more than $400 million in cash at his disposal.

Persons: —, Donald Trump, Trump, Manuel Balce Ceneta, I've, Con, ieMjb7FCVp, Ron Filipkowski, Arthur Engoron, Jean Carroll Organizations: Service, Business, Trump cologne, Trump, Philadelphia Convention Center, Associated Press, AP, New Locations: Philadelphia, York

☆ At Rally in Michigan, Trump Lashes Out at Judge Who Fined Him $355 Million
▼ + stars: | 2024-02-17 | by ( Neil Vigdor | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump vented about his latest legal defeat to freezing supporters at a Michigan rally on Saturday night, a day after a New York judge fined him nearly $355 million plus interest in his civil fraud case. The Republican front-runner for his party’s presidential nomination, Mr. Trump denied that he had conspired to manipulate his net worth, which he was found liable of by Justice Arthur F. Engoron in a ruling that could wipe out Mr. Trump’s entire cash stockpile. “This judge is a lunatic,” he said in his opening salvo at his rally, held inside an airport hangar in Oakland County about 30 miles from Detroit. Mr. Trump used a similar line of attack against Letitia James, New York’s attorney general, who had accused him of exaggerating his wealth in the lengthy case. Barred by the judge for three years from serving in top roles at any New York company, including portions of his own Trump Organization, Mr. Trump cast aspersions on the justice system and said he had been persecuted.

Persons: Donald J, Trump, Justice Arthur F, ”, Letitia James Organizations: Republican, Trump Organization, Mr Locations: Michigan, York, Oakland County, Detroit, New, New York

☆ Judge Engoron’s ruling: What will it mean for Donald Trump’s businesses?
▼ + stars: | 2024-02-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

There is still a lot to parse from the ruling and its potential impact on Trump’s business empire, but here’s what we know so far. And Trump himself might have been permanently barred from the New York state real estate industry, something James had requested. The ruling extended the monitor’s role “for no less than three years.”That new governance structure is the reason Judge Engoron cited for not cancelling the Trumps’ business certificates. “The court’s decision to impose governing requirements [on Trump’s businesses] makes the injunction more likely to survive appeal,” Thomas said. First, at the Appellate Division and then at the New York State Court of Appeals.

Persons: Donald Trump, Trump, Donald Jr, Eric, — Trump, Judge Arthur Engoron, Letitia James, “ Trump, ”, Will Thomas, Ross, James, David Cay Johnston, Engoron, “, ” Thomas, can’t, It’s, it’s, recently, Jean Carroll, Thomas, he’s, Johnston Organizations: New, New York CNN, Trump Organization, New York, New York State, University of Michigan’s Ross School of Business, Trump, Independent Monitor, Appellate Division, of Appeals Locations: New York, New York State, ”

☆ Trump’s crushing fraud trial defeat is a microcosm of a life defined by breaking all the rules
▼ + stars: | 2024-02-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Practically, Engoron’s decision will impose severe financial and personal strain on Trump as he’s emerging as the almost certain Republican presidential nominee. “He’s already said he’s going to spend most of this year in a courtroom, not on a campaign trail. Flouted rules, new realities and a busted legal strategyTrump’s belief that the rules are for others defines his business and political life. Yet this refusal to ever admit defeat also appears to be leading Trump into dangerous legal territory. His flawed philosophy that in business and life, it’s all about closing one more deal, means that even crushing defeats like the 2020 election and his fraud trial cannot change him.

Persons: Donald Trump’s, Trump, Arthur Engoron’s, —, Joe Biden, “, Biden, ” Trump, Jean Carroll, Engoron, It’s, Elise Stefanik, Nikki Haley, ” Haley, “ He’s, ” Friday’s, Tom Suozzi’s, marveled, ”, Donald Trump, Letitia James, wouldn’t, Michael D’Antonio, “ Trump, Neama Rahmani, I’ve Organizations: CNN, Trump, DOJ, Trump Organization, Republican, East Coast, South, GOP House, New York, West Locations: New York, Manhattan, Florida, York, United States, he’s, South Carolina, Washington, Georgia, American

☆ NY's Letitia James takes a Trump verdict victory lap after her often bizarre, 5-year war of words with Trump
▼ + stars: | 2024-02-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewFrom head to toe, quite literally, Donald Trump and his lawyers have attacked New York Attorney General Letitia James. "Donald Trump falsely, knowingly, inflated his net worth by billions of dollars to unjustly enrich himself, his family, and to cheat the system. "Donald Trump may have authored 'The Art of the Deal,' she added, repeating a punchline from her September 2022 announcement that she had sued Trump over his frauds. Likewise, where James had requested five-year bans on Donald Trump, Jr., and Eric Trump, Engoron kept those to two years. Then, in September 2023, James sued Trump, Trump Org, Donald Trump, Jr., Eric Trump, and two executives who have since resigned, CFO Allen Weisselberg and Comptroller Jeffrey McConney.

Persons: —, Donald Trump, Letitia James, He's, she's, Letitia, James, Trump, Arthur Engoron's, James didn't, Engoron, Donald Trump , Jr, Eric Trump, Ivanka Trump, Michael Cohen, Allen Weisselberg, Jeffrey McConney, Jeffrey McConney —, Donald Trump's Organizations: Service, New, Trump, Business, Crooked, Trump Org, Lawyers, Trump Organization Locations: New York, Manhattan

In addition to the $355 million penalty — payback of what the judge deemed “ill-gotten gains” from his spurious financial statements — Trump is required to pay interest on that amount. James’ office calculates that, to date, Trump owes an additional $98.6 million in interest, bringing his total penalty to $453.5 million. Trump used $170 million of the $375 million to pay off a loan on the property. — $60 million, plus interest, from selling the rights to manage a New York City golf course in June 2023. Trump testified that regardless of what his financial statements said, banks did their own due diligence and would’ve qualified him for the loans anyway.

Persons: Donald Trump, “, ”, Arthur Engoron, Letitia James, who’s, Trump, who's, Friday's, what's, Engoron, James ’, Allen Weisselberg, Jeffrey McConney, — Trump, Eric, Donald Trump Jr, Donald Jr, untethered, ” Trump, Christopher Kise, would’ve, James, Engoron’s, Barbara Jones, Michael Cohen, Cohen, —, Forbes, Trump “, ” Engoron, Michael Cohen's Organizations: Republican, Trump, Trump Organization, longtime Trump Organization, TRUMP, New, Deutsche, Trump International Hotel, Waldorf, Bally's Corporation, Trump Organization finance, Division, Democrat Locations: New York, New, Manhattan, Lago, Florida, Miami, Chicago, Washington, New York City, Engoron’s, York, Trump

On Friday, the judge overseeing Mr. Trump’s civil fraud case issued a final ruling that inflicted a staggering financial penalty. The judge, Arthur F. Engoron, also imposed several new restrictions on Mr. Trump and his family business. For three years, Mr. Trump cannot run any New York company, including portions of his own, nor can he obtain a loan from a New York bank. And the family business will be under the thumb of a watchful outsider, a court-appointed monitor who can hamstring the company if she does not like what she sees. All told, the judge’s decision poses unprecedented threats to Mr. Trump’s finances, his family business and his ego at a critical time for the former president.

Persons: ” Donald J, Trump, Arthur F Organizations: White, Trump Organization Locations: New York

Trump, meanwhile, has been working to appeal to the blue-collar and union voters who were critical to his victory in 2016. But Trump was again most focused on his grievances, opening with a 15-minute screed about the criminal and civil cases against him. With interest payments, Trump’s legal debts might now exceed a half-billion dollars — an amount it is unclear whether or not Trump can afford to pay. Trump lost the county to Hillary Clinton in 2016 and Biden in 2020, both times by eight percentage points. The remaining 39 will be distributed by precinct delegates at a Michigan GOP state convention on March 2.

Persons: Donald Trump, Trump, Joe Biden, Biden, Jean Carroll, Arthur Engoron, Letitia James, Jack Smith, Fani Willis, they’re, ” Trump, Hillary Clinton, Trump's, Pete Hoekstra, Hoekstra, Kristina Karamo, “, Karamo, won’t, ___ Colvin, Joey Cappelletti Organizations: Trump, Israel, New York, GOP, Republican, Michigan GOP, U.S ., Associated Press Locations: WATERFORD, Mich, New York, Michigan, Israel, Waterford Township, Detroit, Fulton County, Oakland County, South Carolina, Netherlands

☆ Trump Organization says $364 million fraud ruling will fuel the 'exodus of companies from New York' — but Trump's frauds may make him an outlier
▼ + stars: | 2024-02-17 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

The Trump Organization, Trump, and lieutenants face a $364 million judgment in a civil fraud case. But several factors, including the extent of Trump's fraud, could make him an outlier. "If allowed to stand, this ruling will only further expedite the continuing exodus of companies from New York," the Trump Organization spokesperson said. It's also worth noting the exceptional circumstances that led to the investigation into the Trump Organization. While running for attorney general in 2018, James promised to aggressively investigate Trump's business dealings.

Persons: —, Donald Trump, Arthur Engoron, Trump, Allen Weisselberg, Letitia James, Eric, Don Jr, James, Rahmani, Engoron, Bernard Madoff, It's, Alexandra Ocasio, Cortez, Michael Cohen, Cohen, affirmatively Organizations: Trump Organization, Trump, Service, New, New York, West, Trial, Trump University Locations: New York, York, New Jersey

☆ AOC's questions years ago helped spark the investigation into Trump's business. Now, he's been ordered to pay $355 million.
▼ + stars: | 2024-02-17 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

As part of Friday's fraud trial verdict, Donald Trump has been ordered to pay $355 million to the state of New York. This saga started in 2019 when Alexandria Ocasio-Cortez grilled Trump attorney Michael Cohen. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. And the case may have never happened if, years ago, a newly-elected member of Congress from Trump's home state hadn't grilled Michael Cohen on Trump's finances. Representatives for Ocasio-Cortez, Trump, and James did not immediately respond to a request for comment from Business Insider.

Persons: Donald Trump, Letitia James, Alexandria Ocasio, Cortez, Trump, Michael Cohen, —, Arthur Engoron, ” Trump, Cortez —, William Lacy Clay, James, Cohen, Allen Weisselberg, Ron Lieberman, Matthew Calamari, Weisselberg, Engoron, Robert's Organizations: Service, New, Rep, Trump, Trump Org, Trump Organization, Ocasio, Business Locations: New York, Alexandria, Cortez

Judge Arthur Engoron has issued a ruling in Donald Trump’s’ New York civil fraud trial. New York Attorney General Letitia James is asking for $370 million from Trump and the co-defendants in disgorgement – or ill-gotten gains, alleging he filed fraudulent financial statements that allowed him to obtain loans and insurance policies at more favorable rates. The case goes to the heart of Trump’s image as a successful billionaire and includes accusations of fraud regarding his Trump Tower apartment, Mar-a-Lago estate and several golf courses, among others. Engoron has already ruled that Trump and his co-defendants engaged in fraud and ordered the cancelation of any business certificates they hold in New York, an action that is on hold pending Trump’s appeal. This ruling will address six additional claims against some or all of the defendants including conspiracy, issuing false financial statements, falsifying business records and insurance fraud.

Persons: Arthur Engoron, Donald Trump’s ’, Letitia James, Trump, Engoron Organizations: New York, Trump, disgorgement, New Locations: York, Mar, New York

☆ 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

☆ What about Don Jr.? What about Eric? Why Judge Engoron gave them lighter penalties than dad.
▼ + stars: | 2024-02-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Donald Trump, Jr., and Eric Trump are executive vice presidents at the Trump Organization. AdvertisementSince January of 2017, Donald Trump, Jr., and Eric Trump have run their father's real-estate empire as "co-CEOs," as lawyers for New York's attorney general like to call it. "I was focused on pouring concrete," Eric Trump had said in a pre-trial deposition, during which he pleaded the Fifth some 500 times. Like his little brother, Don Trump, Jr., was guarded when called to the witness stand. In the litigation with the New York attorney general's office, Eric Trump and Donald Trump, Jr. have been primarily represented by Clifford S. Robert.

Persons: Donald Trump , Jr, Eric Trump, Don Jr, Eric, —, Donald Trump Jr, Arthur Engoron, Trump, Donald Trump, KENA BETANCUR, Letitia James, Engoron, James, Andrew Amer, Amer, that's, It's, Whitley Penn, Don Trump, Jr, David Dee Delgado, Ivanka Trump, Allen Weisselberg, Jeff McConney —, Barron, Tiffany Trump, Clifford S, Robert Organizations: Trump Organization, Service, New, Trump, Getty, — Locations: New York, York, AFP, Springs

☆ Opinion | How Trump Turns His Courtroom Losses Into Wins
▼ + stars: | 2024-02-16 | by ( Andrea Bernstein | ) www.nytimes.com time to read: +2 min

The ruling comes just weeks after a jury, in a defamation case brought by the writer E. Jean Carroll, ordered Mr. Trump to pay $83.3 million — also for lying. That’s on top of two previous jury findings: Mr. Trump’s company was found guilty of 17 felonies, including fraud, and an earlier Carroll civil jury ordered him to pay $5 million for sexual assault and another act of defamation. Mr. Trump is appealing all the verdicts. But even more so is the continuity between how, in the past months, Mr. Trump has practiced exactly what he’s on trial for right in front of us, in the courtrooms, in a way that once again has benefited his brand. Shortly after Engoron’s ruling hit the docket, one of Mr. Trump’s lawyers, Alina Habba, said he would appeal.

Persons: Arthur Engoron, Donald Trump, Jean Carroll, Trump, Carroll, Engoron’s, Alina Habba, ” I’ve Locations: New York

☆ Law clerk in Trump civil fraud trial running for judgeship
▼ + stars: | 2024-02-16 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +2 min

CNN —The law clerk Donald Trump accused of “co-judging” his civil fraud trial is running for her own seat in Manhattan civil court in the upcoming November elections. Allison Greenfield was a frequent point of contention for Trump’s legal team – even costing Trump thousands in fines for violating a gag order barring him from talking about her. Engoron imposed a gag order in the first week of trial after Trump published negative social media posts about Greenfield accusing her of bias and made an unfounded claim about a relationship with a top senator. The judge later expanded the gag order to cover the attorneys and fined Trump twice for violating the order after continued public criticisms of Greenfield. The Manhattan Democratic Party’s Civil Court Independent Judicial Screening Panel named her as one of the “most highly qualified” candidates earlier this month.

Persons: Donald Trump, “, Allison Greenfield, ‘, Judge Arthur Engoron, Engoron, Trump, Greenfield, Trump’s, Alina Habba, ” Greenfield Organizations: CNN, Trump, Democratic, Manhattan Democratic Party, The Manhattan Democratic Party’s Civil Locations: Manhattan, Greenfield

☆ Opinion: Don’t misread Trump’s loss in his civil trial
▼ + stars: | 2024-02-16 | by ( Opinion David Orentlicher | ) edition.cnn.com time to read: +6 min

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

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 more than $350 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. 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.

Persons: Donald J, Trump, Arthur F, Engoron’s, Engoron, Eric Trump Organizations: New, Trump Locations: York, New York

☆ What the Civil Fraud Ruling Means for Trump’s Finances and His Empire
▼ + stars: | 2024-02-16 | by ( Jonah E. Bromwich | Ben Protess | ) www.nytimes.com time to read: +1 min

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

☆ The Trump fraud trial verdict goes well beyond ordering the ex-president to pay $355 million. Here's what the ruling means.
▼ + stars: | 2024-02-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

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

CNN —Judge Arthur Engoron hit Donald Trump with his biggest punishment to date on Friday, in a ruling that fined the former president $355 million for fraudulently inflating the values of his properties. Combined with the $83 million judgment issued against Trump for defaming E. Jean Carroll, that means Trump has been fined roughly $438 million over the past four weeks. Engoron found that the defendants’ fraud saved them about $168 million in interest, fining Trump and his companies that amount. “Overall, Donald Trump rarely responded to the questions asked, and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial,” Engoron wrote. properties that offered a much lower valuation than reported on Donald Trump’s financial statements.

Persons: Arthur Engoron, Donald Trump, Jean Carroll, Trump, Friday’s, Engoron, “, ” Engoron, Letitia James, fining Trump, –, Bernard Madoff, Alexander Pope, ’, Trump’s, fixer ‘, Michael Cohen’s, Cohen, “ Michael Cohen, “ Trump, Michael Cohen, – who’ve, execs Allen Weisselberg, Jeff McConney, Eric Trump’s, “ Eric Trump’s, begrudgingly ”, Eric Trump unconvincingly, Donald Trump’s, Eric, Donald Trump Jr, Ivanka Trump, ”, Christopher Kise, ” Kise Organizations: CNN, Trump, defaming, Trump Organization, New York, Post, Independent, ‘, Trump Org, Independent Monitor, SFC, Washington DC, OAG, Division Locations: New York, Washington , DC, Ferry, Bronx, York, –, disgorgement, Washington

☆ The Judge Who Dealt a Huge Financial Blow to Trump
▼ + stars: | 2024-02-16 | by ( Kate Christobek | Jonah E. Bromwich | ) www.nytimes.com time to read: +1 min

He had allowed repetitive objections from Mr. Trump’s lawyers, despite protests by the New York attorney general’s office, which brought the case. He had often ignored Mr. Trump’s violations of courtroom decorum. At one point, the judge recalled, he had even let a witness answer his mobile phone while on the stand. Despite all that, he warned the lawyers, “I don’t want you to think I’m a pushover.”No one is likely to think so now. Despite his absurdist humor and good cheer, the judge showed himself in the end to be a very serious man.

Persons: Donald J, Arthur F, Justice Engoron, “, Engoron Organizations: New 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

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