Trump was fined $355 million and barred from his NY business temporarily. What happens now?

With a 92-page order issued late Friday, Judge Arthur Engoron dealt Donald Trump a legal and financial blow that could permanently damage the business empire that propelled him to the presidency.

Beyond the staggering $355 million Trump was ordered to pay – likely to climb to over $450 million with interest – Engoron stripped Trump and his sons of the ability to lead their own businesses or apply for financing for two or three years.

The penalties – which New York Attorney General Letitia James applauded as effective ways to «ensure this fraud cannot continue» – leave the Trump Organization in legal, financial, and personnel limbo, as the former president embarks on a costly presidential campaign amid his ongoing legal battles.

«We will get back to work,» Trump vowed Friday. «We'll appeal, we'll be successful, I think because frankly, if we're not successful, New York State is gone.»

Trump's lawyers plan to appeal the ruling, vowing that higher courts would reverse Engoron's ruling.

«If allowed to stand, this ruling will only further expedite the continuing exodus of companies from New York,» a Trump Organization spokesperson said in a statement.

Lengthy appeal

Trump and his lawyers have already vowed to appeal Engoron's ruling to New York's Appellate Division, First Judicial Department.

That same court handed Trump an early victory in his case last year by pausing the cancellation of Trump's business certificates, which Engoron ordered in his September summary judgment ruling. On Friday, Engoron reversed course on that penalty – nullifying part of his past order – but placed the Trump Organization under an independent monitor for at least three years.

«That was a very carefully crafted remedy that the judge put in place,» said