New York State Judge Arthur Engoron has ordered the Malignant Loser to pay over $350 million and imposed a ban of 3 years from him serving in any executive capacity in any New York business due to his business fraud case brought by New York Attorney General Letitia James. From the New York Times coverage:
"A New York judge on Friday handed Donald J. Trump a crushing defeat in his civil fraud case, finding the former president liable for conspiring to manipulate his net worth and ordering him to pay a penalty of more than $350 million that could wipe out his entire stockpile of cash.
The decision by Justice Arthur F. Engoron caps a chaotic, yearslong case in which New York’s attorney general put Mr. Trump’s fantastical claims of wealth on trial. With no jury, the power was in Justice Engoron’s hands alone, and he came down hard: The judge delivered a sweeping array of punishments that threatens the former president’s business empire as he simultaneously contends with four criminal prosecutions and seeks to regain the White House.
Not only did Justice Engoron impose a three-year ban preventing Mr. Trump from serving in top roles at any New York company, including his own, but the judge also applied that punishment to the former president’s adult sons for two years. One of the sons, Eric Trump, is the Trump Organization’s de facto chief executive, and the ruling throws into doubt whether any member of the family can run the business in the near term." (our emphasis)
The court-appointed independent monitor, Barbara Jones, will be overseeing the Malignant Loser's New York business over the next three years to ensure that no continuing fraud is committed. The Malignant Loser will likely appeal, but he needs to come up with the money or secure a bond in the next 30 days. More as the story develops.
BONUS: The 92-page ruling is embedded here (pdf).
