Judge Delivers Ruling In Trump Business Fraud Trial

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    Gavel via Wikimedia Commons Image

    On Friday, a New York judge ordered former President Donald Trump to pay $354 million in penalties stemming from the civil fraud case against his business empire.

    Engoron also barred Trump from serving as a corporate officer or a director of a company in the state of New York for three years. There was one silver lining in the ruling for the Trumps: the judge did not issue an order revoking the Trump Org’s certificate to do business, which has commonly been referred to as the “corporate death penalty.”

    According to The Hill, Judge Arthur Engoron’s 92-page decision came just weeks after closing arguments in the case following a months-long trial last year during which Trump frequently lambasted the judge and the prosecutor who brought the case. 

    Engoron previously ruled that Trump committed fraud in his real estate empire and he is expected to issue a penalty ruling Friday, according to sources familiar with the matter.

    In addition to a $370 million financial penalty, James has asked Engoron to ban Trump from New York’s real estate business for life.

    New York Attorney General Letitia James (D) sued Trump in 2022, alleging he falsely altered his net worth on key financial statements to receive tax and insurance benefits. The documents, which detailed the value of the Trump Organization’s various assets, were sent to banks and insurers to secure loans and deals, which the state purports is evidence of fraud.  

    This is a breaking news story. Please check back for updates.

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