In a shocking turn of events, sources say that Donald J Trump was fined over $350mil by a New York Judge.
Justice Arthur F. Engoron has found Donald Trump guilty of conspiring to manipulate his net worth, and has ordered him to pay a penalty of $354 million.
This concludes his year-long civil suit regarding the valuation of Trump’s assets, and Engoron’s decision is final and absolute, as there was no jury.
The fee threatens to significantly cripple Trump financially, as it would clear out his cash savings as most of his wealth is in real estate.
Engoron’s decision includes other punishments, such as banning Trump from serving in officer or director roles at any New York-based business as well as his own—and this applies to his sons as well.
According to Jay, the scene was bleak. The Republican Party is doomed.
B-Rad was “Johnny On the Spot” and got the inside slice. Of Pizza, of course.
AJ / An0maly was apt to report that Donald could do better. We’re all expecting it.
Scotty the Kid mentions that DJT needs to improve.
Candace Owens comments that Donald “is just doing his thing” and we’re not entirely sure what that means at this point. Maybe he took too many red pills? Who knows.
Several others have commented but we’re awaiting a final report.
The judge who presided over a civil business fraud trial against Donald Trump on Friday ordered the former president, his sons, business associates and company to pay more than $350 million in damages and temporarily limited their ability to do business in New York.
“A crooked New York judge working with the very corrupt attorney general of New York State, who ran on the basis of ‘I will get trump’ before knowing me — before even knowing anything about me — just ruled that I have to pay a fine of $355 million based on absolutely nothing,” Trump told Fox News Digital. “No victims. No damages. Great financial statements, with full disclaimer clauses, only success.”
Trump is set to appeal the financial payment but must put up the money first or secure a bond within 30 days. Trump could soon see a payout of up to $4 billion should the merger of his social media platform Truth Social with a blank-check acquisition vehicle prove successful.
This civil case focused on claims of conspiracy, insurance fraud, and falsifying business records following Engoron’s previous ruling to dissolve several New York-based Trump Organization LLCs. Attorney General Letitia James accused Trump, his adult sons, and other executives at the Trump Organization of participating in a conspiracy to commit “numerous acts of fraud and misrepresentation” and thereby artificially boost Trump’s net worth so he could dupe investors and get loans he was not qualified for.
The judge in that case ruled against Trump, sending him onto this current trial. Trump denies all accusations, and his legal team—as well as a bank he used—say the profits made were through his business skill.
This is a developing story. Check back later for more updates.
