‘Pathological’ lack of remorse: Key revelations from Donald Trump’s fraud trial ruling
A crushing final judgment in a sprawling fraud case against Donald Trump and his real estate empire will force the former president, his adult sons, their chief associates and the entities under his control to pay more than $364m to the state of New York.
The 92-page ruling from New York Justice Arthur Engoron follows a three-year investigation from state prosecutors and 11 weeks of testimony in a closely watched trial in a lower Manhattan courtroom.
The former president, his companies and his trust face more than $350m in financial penalties, plus interest, in a total amount that could exceed by another $100m, among other sanctions that could imperil his ability to do business in the state for at least three years. Should he appeal, he will have to pay a significant amount of that total to post a bond.
The total “disgorgement” owed back to the state among all the defendants – money that is effectively forfeited as “ill-gotten gains” – amounts to roughly $364m, or nearly $464m with likely interest.
According to the New York attorney general’s office, those figures will continue to increase every day until they are paid.
The defendants were also found liable for intentionally falsifying business records, conspiring to do so, and “repeatedly and persistently” issuing false financial statements.
Former Trump Organization executives Allen Weisselberg and Jeffrey McConney were also found liable for “repeatedly and persistently committing insurance fraud,” while all defendants were found liable for conspiracy to commit insurance fraud.
The judge banned Mr Trump from serving in top roles at any New York company, including his own, for three years. His adult sons – including Eric Trump, who effectively is running the Trump