Following an exhaustive 11-week trial, Judge Engoron has delivered a significant blow to Donald Trump and the Trump Organization.
The case, brought forth by the New York Attorney General, alleged a pattern of fraudulent business practices by Trump over many years.
In a landmark ruling, Judge Engoron has ordered Trump to pay a staggering $372 million in total fines. Additionally, Trump has been stripped of his business certificates in the State of New York, effectively barring him from conducting further business operations within the state.
While the Attorney General sought to extend the ban to Donald Trump Jr. and Eric Trump for three years, Judge Engoron found insufficient evidence to support this request. However, Engoron did find Trump liable on certain counts, leading to the revocation of his business licenses on those specific charges.
Trump’s legal team, led by Alina Habba and Chris Kise, attempted to defend Trump by arguing that disclaimer language in financial statements rendered them “worthless.” However, Judge Engoron rejected this argument, emphasizing Trump’s duty to provide genuine and accurate financial disclosures.
Despite Trump’s ongoing appeal of previous rulings, Judge Engoron’s latest decision imposes immediate consequences, pending the resolution of the appeal process.
