Trump Ordered to Pay $350 Million as Penalty for Business Fraud, With No Victim + His Response
As expected, the goofy Judge Arthur Engoron gave a ruling Friday [FULL pdf HERE] ordering President Trump to pay nearly $350 million in penalties for “business fraud.” However, without any victim and with the banks testifying on behalf of Donald Trump, who exactly is he supposed to pay?
Obviously, President Trump and his lawyers are appealing this ridiculous judicial ruling. All the banks and lenders did their own due diligence on financing terms with Donald Trump. This judge genuinely is goofy.
All operational loans and Trump Org. business loans were paid back. There were no defaults or banking interests adversely impacted. There are no victims of what the New York State calls “fraud,” yet this judge has decided President Trump must pay $350 million in damages and must dissolve business interests in the state for a period of three years.
NEW YORK – […] In addition to the penalties aimed at Trump himself, Engoron imposed measures that may significantly alter the operations of the Trump family business, known as the Trump Organization. Engoron banned Trump’s two adult sons, Eric Trump and Donald Trump Jr., who are executive vice presidents of the company, from running New York companies for two years and fined them more than $4 million each. And he ordered a court-appointed monitor to continue overseeing the company’s operations for another three years, requiring the company to seek her approval prior to submitting any financial disclosure to a third party. (read more)
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