Trump Ordered to Pay $355 Million in NY Civil Fraud Trial Ruling

Jonah E. Bromwich and Ben Protess, reporting for The New York Times:

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.

In his unconventional style, Justice Engoron criticized Mr. Trump and the other defendants for refusing to admit errors for years. “Their complete lack of contrition and remorse borders on pathological,” he said.

Trump’s social media feed today is chock full of dozens of (totally sane, rational, well-reasoned) comments on this court decision, without a single word regarding Russian political prisoner and Putin critic/rival Alexei Navalny’s death in a Siberian prison. But he did make time to mention that he’ll be at Sneakercon here in Philly tomorrow.

Friday, 16 February 2024