Judge Fines Trump more than $300 million

Friday, February 16, 2024

Judge Arthur Engoron ordered the former president and the Trump Organization to pay over $300 million in damages, and bars Trump "from serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years."

Posted by lamplighter at 05:23 PM | 77 COMMENTS | permalink | Comment on This Entry |

Alternate links: Google News | Twitter

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

More from the article...

... The judgment is the second this year against Trump after he was hit last month with an $83.3 million verdict in writer E. Jean Carroll's defamation case against him. The former president could also face four criminal trials this year as his presidential campaign barrels toward the November election, with the first set to begin in New York state court on March 25th.

New York Attorney General Letitia James had been seeking $370 million from Trump, his company and its top executives, including his sons Donald Trump Jr. and Eric Trump, alleging "repeated and persistent fraud" that included falsifying business records and financial statements. James had argued those financial statements were at times exaggerated by as much as $2.2 billion. ...

#1 | Posted by LampLighter at 2024-02-16 03:10 PM | Reply

Judge Arthur Engoron ordered the former president and the Trump Organization to pay over $364 million in damages

Ouch! That's like lying about raping a woman four times.

#2 | Posted by censored at 2024-02-16 03:18 PM | Reply

Trump's rage will be delicious.

#3 | Posted by Zed at 2024-02-16 03:18 PM | Reply | Funny: 1

Trump is bleeding that way he has made so many ordinary people bleed over the years. This is simple justice.

#4 | Posted by Zed at 2024-02-16 03:19 PM | Reply | Newsworthy 1

Trump's rage will be delicious.

If you like ketchup.

#5 | Posted by RevDarko at 2024-02-16 03:27 PM | Reply | Funny: 3

A victim of persecution since childhood, Little Donnie Trump is once again singled out unjustly by a cruel world that's been out to get him ever since the day he first wore all those fabulous medals from the boarding school.

#6 | Posted by cbob at 2024-02-16 03:27 PM | Reply

The Republican Party will cover these fines.

#7 | Posted by ClownShack at 2024-02-16 03:30 PM | Reply

Perhaps the most significant part of this ruling is banning Trump from getting loans from ANY bank chartered to do business in New York. That's every major bank any other U.S. or international banks chartered to do business but with no physical locations.

He'll have to come up with tens of millions just to post bonds if he appeals both cases.

Trump only has $60 million in equity in Trump Tower. Other Trump properties are also burdened by heavy debt.

Between E Jean Carroll and this, he's close to $500,000,000 in fines.

Under the media radar, the IRS is auditing Trump over $100,000,000 in possible taxes due.

Money is Trump's Achilles heel. He can't bluff his way out of coming up with boatloads of cash just to post bonds if he appeals. If he loses the appeal and has to come up with $500,000,000, his story will end as The Emperor Has No Clothes.

#8 | Posted by AMERICANUNITY at 2024-02-16 03:40 PM | Reply | Newsworthy 1

If he loses the appeal and has to come up with $500,000,000, his story will end as The Emperor Has No Clothes.

#8 | POSTED BY AMERICANUNITY AT 2024-02-16 03:40 PM | FLAG:

Gosh, I would hate that.

#9 | Posted by cbob at 2024-02-16 03:44 PM | Reply

HA HA HA HA

But seriously...

HA HA HA HA

#10 | Posted by Sycophant at 2024-02-16 03:49 PM | Reply | Funny: 1

Large donors should be reluctant to donate to Trump now.

They know their cash will go towards Trump's myriad of financial holes, not a national campaign.

#11 | Posted by AMERICANUNITY at 2024-02-16 03:51 PM | Reply

Running for POTUS was the worst thing Trump ever did to himself.

#12 | Posted by lee_the_agent at 2024-02-16 03:58 PM | Reply | Newsworthy 4

Putin said jump and Trump did just that.

Right into the 2016 elections.

#13 | Posted by ClownShack at 2024-02-16 04:17 PM | Reply

That's a lot of Red Hat sales!

You Trumpers better get busy buying...

#14 | Posted by Corky at 2024-02-16 04:19 PM | Reply

I guess it's now even more important that Lara Trump be given a leadership position at the RNC...

OCU

#15 | Posted by OCUser at 2024-02-16 04:21 PM | Reply

I guess it's now even more important that Lara Trump be given a leadership position at the RNC...

OCU

#15 | Posted by OCUser

So Trump can suck the remaining (record low) RNC accounts dry.

It's because of him big donors quit donating to the RNC. That Kevin McCarthy, the GOP's top fundraiser, was fired means far, far less cash will flow to GOP congressional candidates this year.

The chickens are coming home to roost for both Trump and the Republican Party.

#16 | Posted by AMERICANUNITY at 2024-02-16 04:50 PM | Reply | Newsworthy 1

WHOA!

The total judgement is $450 million "including accrued interest."

NY law stipulates 9% interest a year in back taxes, some of which went back 5 years.

#17 | Posted by AMERICANUNITY at 2024-02-16 05:00 PM | Reply

Eric Michael Garcia
@EricMGarcia
Reminder that
@AOC
's questioning of
@MichaelCohen212
triggered Tish James's investigation when she asked "did the president ever provide inflated assets to an insurance company." That led to Tish James's investigation which forced Trump to $364 million.
independent.co.uk

https://twitter.com/EricMGarcia/status/1758589651080581583?ref_src=twsrc%5Etfw%7Ctwcamp% 5Etweetembed%7Ctwterm%5E1758589651080581583%7Ctwgr%5E9a81bc15dd8a90593d583f9022f97f744297f2cf% 7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdisqus.com%2Fembed%2Fcomments%2F%3Fbase%3Ddefaultf%3Dpoliticalwiret_i%3D163015720https3A2F2Fpoliticalwire.com2F20242F022F162Ftrump-ordered-to-pay-over-350-million2Ft_u%3Dhttps3A2F2Fpoliticalwire.com2F20242F022F162Ftrump-ordered-to-pay-over-350-million2Ft_e%3DTrump20Ordered20to20Pay20Over202435020Milliont_d%3DTrump20Ordered20to20Pay20Over202435020Milliont_t%3DTrump20Ordered20to20Pay20Over202435020Millions_o%3Ddefaultversion%3Dba128e91d01e6f1b7b617434c4720c3a

LOL

#18 | Posted by reinheitsgebot at 2024-02-16 05:31 PM | Reply

Methinks Melania will soon have an OnlyFans page to help raise some dough for this penalty. Look for more Trump-MAGA swag, like $75 hats, $999 NFT's, $500 for a wad of used TP, and so forth...

#19 | Posted by catdog at 2024-02-16 05:38 PM | Reply

Good luck collecting.

#20 | Posted by bat4255 at 2024-02-16 05:43 PM | Reply

Throughout the trial Trump frequently did everything he could to piss off the judge. That doesn't seem like a good strategy when that judge will determine all penalties in your case.

#21 | Posted by SomebodyElse at 2024-02-16 05:44 PM | Reply | Newsworthy 1

The Republican Party will cover these fines.
#7 | POSTED BY CLOWNSHACK

And then complain that they're broke in an election year.

#22 | Posted by jpw at 2024-02-16 05:50 PM | Reply

If he loses the appeal and has to come up with $500,000,000, his story will end as The Emperor Has No Clothes.
#8 | POSTED BY AMERICANUNITY

He has to come up with the money anyway. Just like with the Carroll case, if he appeals he must put up a bond worth the full value of the settlement. I'm not sure there any suckers left willing to issue a bond for him.

#23 | Posted by johnny_hotsauce at 2024-02-16 06:05 PM | Reply

Trump's on TV, ranting and unhinged.

#24 | Posted by AMERICANUNITY at 2024-02-16 06:13 PM | Reply

Sooooo Cl0wnbrigade... tell me... is this enough winning for ya?

Your man left office in disgrace...before he chose to run again to be the biggest, best, and most luxurious ef up the world has ever known.

Are you happy now?

being crushed by the weight of your own stupid... weeweeing all the way home?
eh?
happy?

Liberal minds want to know.

#25 | Posted by RightisTrite at 2024-02-16 06:20 PM | Reply

BTW, the NY AG's investigation began in 2019.

Charges were filed BEFORE he declared himself a presidential candidate.

There goes his claim this is politically motivated to doom his candidacy.

#26 | Posted by AMERICANUNITY at 2024-02-16 06:27 PM | Reply

CORRECTION: The civil lawsuit was filed before he declared himself a 2024 presidential candidate.

#27 | Posted by AMERICANUNITY at 2024-02-16 06:28 PM | Reply

$354 million, plus $100 million in interest (backdated to when the violation occurred), plus $83 million, E. Jean Carroll, plus $5 million, E. Jean Carroll.
That's a total of $542 million.

So far.

#28 | Posted by YAV at 2024-02-16 06:50 PM | Reply

Haha. Fat Loser Loses Again.

#29 | Posted by LegallyYourDead at 2024-02-16 06:55 PM | Reply

Bwaaaaaaahahahahahaha!
Lord Marmalade, methinks
thou is headed to the poor house!

Serves you right you law breaking animal!

#30 | Posted by earthmuse at 2024-02-16 07:16 PM | Reply

I might be mistaken but I think he either has to establish what is essentially an escrow with the full amount or get a bond for the amount which requires either a 10 or 20% cash deposit.

I believe I heard that for the 1st E Jean Carroll award he posted the entire $5million, which is usually unheard of, but COULD be an indication of an inability to get bonding, i.e. too much of a risk.

So, if cannot post $500million in cash and CANNOT get bonding. I believe that means his assets start getting seized. Not sure if that includes mar a lago as that is his residence. But this is not something any business owner wants to face

#31 | Posted by truthhurts at 2024-02-16 07:17 PM | Reply

There's going to be a fire sale in the tiny handed vulgarian whose hair is the color as if someone peed in a cotton candy machine and affixes bobby pins future.

#32 | Posted by lee_the_agent at 2024-02-16 07:24 PM | Reply

#31 | POSTED BY TRUTHHURTS

I get that you might have --- in your eye, but this will be appealed.

#33 | Posted by oneironaut at 2024-02-16 07:25 PM | Reply

1GlassNut talking to himself again.... messy.

#34 | Posted by Corky at 2024-02-16 07:36 PM | Reply | Newsworthy 1

Three. Hundred. Sixty. Four. Million. Dollars.

#35 | Posted by hamburglar at 2024-02-16 07:42 PM | Reply

Stand with Trump; Fund the $355M Unjust Judgment

www.gofundme.com

#36 | Posted by lee_the_agent at 2024-02-16 07:43 PM | Reply | Funny: 1

That's my new website, Leigh.

Don't tell anyone!

#37 | Posted by Corky at 2024-02-16 07:45 PM | Reply

Is it political that he's finally been prosecuted now? Or is it political that he was able to avoid prosecution for so long, when any average bloke could see that he was a criminal piece of $#!+?

#38 | Posted by hamburglar at 2024-02-16 07:53 PM | Reply

Can si.eone fix the formatting and make this readable please.

#39 | Posted by TFDNihilist at 2024-02-16 07:56 PM | Reply

#37

Damit! I just gave $3.48

#40 | Posted by lee_the_agent at 2024-02-16 08:00 PM | Reply

Cheapskate!

I thought is was the new Chrome upgrade, lol. I can't even find settings anymore.

#41 | Posted by Corky at 2024-02-16 08:02 PM | Reply

but this will be appealed.

#33 | POSTED BY ONEIRONAUT

You chipping in? Trump testified that he has $400 million cash on hand. In order to be eligible for an appeal, he has to pony up 110%-120% of the judgement. He doesn't have that much cash. He needs folks like you to donate money so that he's eligible to appeal. And just because it gets appealed doesn't guarantee it'll be overturned. This will be a struggle and Trump is not happy.

#42 | Posted by rstybeach11 at 2024-02-16 08:16 PM | Reply

it political that he's finally been prosecuted now? Or is it political that he was able to avoid prosecution for so long, when any average bloke could see that he was a criminal piece of $#!+?

#38 | POSTED BY HAMBURGLAR

Any average bloke would have been facining CRIMINAL charges for this level of fraud. Trump is already being treated with kid gloves as it is.

#43 | Posted by rstybeach11 at 2024-02-16 08:18 PM | Reply | Newsworthy 1

Ryan Goodman
@rgoodlaw
Key point:

Judge reversed order to cancel Trump biz certificates.

"By retracting this more controversial part of his earlier order, Justice Engoron may have also helped insulate his decision from the possibility of a reversal on appeal"

twitter.com

#44 | Posted by Gal_Tuesday at 2024-02-16 08:18 PM | Reply

erica orden
@eorden

Engoron: "Trump rarely responded to the questions asked, and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial. His refusal to answer the questions directly, or in some cases, at all, severely compromised his credibility"

#45 | Posted by Gal_Tuesday at 2024-02-16 08:21 PM | Reply

That go fund me page was the funniest thing I've seen in a looooooong time. The comments are pure gold!

#46 | Posted by rstybeach11 at 2024-02-16 08:21 PM | Reply | Newsworthy 1

Craigslist is going to be stuffed with single wides and rusty pickups for sale as MAGATs rush to come up with the money.
More than a few sisters as well.
Stick with the rusty pickups, they're in better shape than the sisters

#47 | Posted by northguy3 at 2024-02-16 08:37 PM | Reply

It's hard to believe the fraudulent rapist keeps getting mauled in court after Sammy the bull' Gravano vouched for him.

#48 | Posted by reinheitsgebot at 2024-02-16 08:38 PM | Reply

The lesson? Don't hire your lawyer in a parking garage. Get a good one and PAY them.

#49 | Posted by northguy3 at 2024-02-16 08:41 PM | Reply

Acyn
@Acyn

Trump claims New York State will be gone' if his appeal is not successful because people will move out

twitter.com

Here's the plan my fellow New Yorkers: Let's all move to Pennsylvania and call it New New York. They were going to change the name anyway.

#50 | Posted by Gal_Tuesday at 2024-02-16 08:44 PM | Reply

Ivanka is kind of young to have dementia:

Kyle Griffin
@kylegriffin1

Judge Engoron knocks Ivanka Trump: "She consistently denied recalling the contents of documentary evidence that confirmed that she actively participated in events, even after she was confronted with the evidence."

"The Court found her inconsistent recall, depending on whether she was questioned by OAG or the defense, suspect. In any event, what Ms. Trump cannot recall is memorialized in contemporaneous emails and documents; in the absence of her memory, the documents speak for themselves."

#51 | Posted by Gal_Tuesday at 2024-02-16 08:49 PM | Reply | Newsworthy 3

$17167 of $355,000,000 raised. Lol

#52 | Posted by truthhurts at 2024-02-16 09:06 PM | Reply

#40 | POSTED BY LEE_THE_AGENT

Damn, Lee.

I almost forgot your holiday present this year...

(Lee's Eye's Only!)

www.youtube.com

I think you should sign her up.

#53 | Posted by Corky at 2024-02-16 09:13 PM | Reply

$17167 of $355,000,000 raised. Lol
#52 | POSTED BY TRUTHHURTS

Someone donated $1,500 anonymously. LOL

This is truly fascinating!

#54 | Posted by rstybeach11 at 2024-02-16 10:00 PM | Reply | Newsworthy 1

Imagine having $2500 to piss away on a convicted fraudster?

People are literally insane.

#55 | Posted by truthhurts at 2024-02-16 10:20 PM | Reply | Newsworthy 1

Trump's gonna eventually be the first ex-U.S. president to be featured on American Greed.

#56 | Posted by AMERICANUNITY at 2024-02-16 11:59 PM | Reply

Stand with Trump; Fund the $355M Unjust Judgment
www.gofundme.com
#36 | POSTED BY LEE_THE_AGENT

Now:

$31,131 raised of $355,000,000 goal
788 donations

#57 | Posted by Gal_Tuesday at 2024-02-17 12:44 AM | Reply

788 donations

So average less than $40? They gotta dig a LOT deeper than that. Sell the car! Sell the house! Dump the crypto!

#58 | Posted by REDIAL at 2024-02-17 01:48 AM | Reply

Stand with Trump; Fund the $355M Unjust Judgment
www.gofundme.com
#36 | POSTED BY LEE_THE_AGENT

Now:

$31,131 raised of $355,000,000 goal
788 donations

#57 | Posted by Gal_Tuesday

MAGA SUCKAS!!! At this rate it'll only take them 11,403 days - 31 years - to meet the mark. Yo go!

#59 | Posted by AMERICANUNITY at 2024-02-17 02:08 AM | Reply

Can I give $0.01?

Can I get my name on the blockchain that I gave one penny?

#60 | Posted by snoofy at 2024-02-17 02:08 AM | Reply

(PS - The interest on his fines is going up every day. 9% APR on $355,000,000 .. already up to $100,000,000)

#61 | Posted by AMERICANUNITY at 2024-02-17 02:10 AM | Reply

"9% APR on $355,000,000"

Leave my student loans out of this!

#62 | Posted by snoofy at 2024-02-17 02:18 AM | Reply

A donation of $1000 or more (on autopay) get you a genuine presidential ball point pen with a replica of Trump's signature auto-signed in almost real gold leaf, guaranteed to have signed something.

How could any true believer pass that up?

#63 | Posted by Twinpac at 2024-02-17 03:35 AM | Reply

Anything that hurts Trump and his two sons, Uday and Qusay, helps the United States.

Donald Trump lied and cheated for his money, all of it. He can have all of it taken from him.

#64 | Posted by Zed at 2024-02-17 08:42 AM | Reply

Running for POTUS was the worst thing Trump ever did to himself.

#12 | Posted by lee_the_agent at 2024-02-16 03:58 PM | Reply | Flag:

| Newsworthy 3

Putin said jump and Trump did just that.

Right into the 2016 elections.

#13 | Posted by ClownShack at 2024-02-16 04:17 PM | Reply | Flag:

This has been putin's greatest achievement in attempting to destroy the US....finding someone corruptable enough yet grandiose enough to attract the worst in our society to support him.

I am sure he is quite happy with just how well it has worked so far. When dementia don is ruined, putin will sit back and pick from his growing crop of corrupt GOP congress critters who he has dirt on to continue the process.

Who other than someone being blackmailed would be soooo stupid as to attract an enormous amount of attention to his decades of fraudulent practices?

No one can be that stupid can they? I mean surely Cohen had to have warned him that this was a bad idea.

Ironic it was Cohen's testimony started this all after dementia don threw him under the bus when the payoff to Stormy came out.

#65 | Posted by Nixon at 2024-02-17 10:12 AM | Reply

@#61 ... The interest on his fines is going up every day. 9% APR on $355,000,000 .. already up to $100,000,000) ...

Additionally, fmr Pres Trump cannot appeal the decision

unless and until he posts bond for the amount in a court-controlled account.

#66 | Posted by LampLighter at 2024-02-17 11:54 AM | Reply

Another interesting aspect of this decision is that the Court appointed an overseer for Trump, Inc to keep an eye on the finances.

The overseer was one who was recommended by both fmr Pres Trump and the NY AG.

The interesting part is now we may hear an accurate explanation of the financial condition of Trump, Inc

and gain a better idea of fmr Pres Trump's actual wealth.

#67 | Posted by LampLighter at 2024-02-17 12:25 PM | Reply

I don't question his guilt. However the penalty is absolutely ridiculous.

#68 | Posted by BellRinger at 2024-02-17 12:34 PM | Reply

NY is likely going to see a drop in businesses looking to incorporate in the city after this.

#69 | Posted by BellRinger at 2024-02-17 12:40 PM | Reply

@#69 ... NY is likely going to see a drop in businesses looking to incorporate in the city after this. ...

I'd proffer that the drop, if it does occur,

would more likely be due to those business who intend to engage in fraudulent business practices.

#70 | Posted by LampLighter at 2024-02-17 01:24 PM | Reply

Think Melania isn't having 'buyers remorse'
this morning?

Think she isn't thinking, "I should of
divorced him earlier, while he still had
money to get at..."

Poor aging gold digger...

#71 | Posted by earthmuse at 2024-02-17 02:22 PM | Reply

Will be appealed as an overstepping, biased BS ruling. No harmed party, plus two sons had nothing to do with case so wait for higher ruling on this.

#72 | Posted by MSgt at 2024-02-17 03:05 PM | Reply

Ol' tRumpty ain't doing so well in the courts or in his appeals so far...

#73 | Posted by YAV at 2024-02-17 04:46 PM | Reply

He has no basis for an appeal. The only thing he can do now is beg his dictator "friends" (LOL, j/k, he has no friends) for bailout money. Maybe he can dig up Ivana's coffin for some of those delicious nuclear secrets in return ...

The DR fascists are hilariously clinging to their talking points, having no argument that simply accepts the reality that their orange, flock of seagulls headed rapist is what we've been saying he is all along, LOL. Dig deeper, rubes, your story is falling apart!

#74 | Posted by chuffy at 2024-02-17 06:20 PM | Reply

It may not be so hard to figure out where Trump is going to get the kind of money he needs:

Jarad just did some big sucking up to Saudi Crown Prince Mohannad bin Salman a few days ago, to wit:

"I think he's a visionary leader. I think what he's done in that region is transformational," Kushner continued. "I think he's done a lot of things that are in America's interest. And I think he's done a lot of things that have made the world a better place."

2 x 2 = 4

If you need money, you go where the money is.

It's not like they haven't bailed Trump out before . . for a big price.

#75 | Posted by Twinpac at 2024-02-17 06:56 PM | Reply | Newsworthy 1

Re #75

That's a lot of code to pack into one little message just to say "Help!"

#76 | Posted by Twinpac at 2024-02-17 07:07 PM | Reply

It may be the ultimate stupidity test of the year: Who actually donates to the GoFundMe site set up by MAGAts to help pay Trump's debts for committing fraud,

#77 | Posted by moder8 at 2024-02-18 03:02 PM | Reply