Judge orders Trump and companies to pay nearly $355 million in civil fraud trial

Judge Arthur Engoron found former Trump Organization chief financial officer Allen Weisselberg and former controller Jeffrey McConney liable for multiple civil fraud counts in New York, including issuing false financial statements, falsifying business records, insurance fraud and conspiracy. 

He permanently banned Weisselberg and McConney from serving in the financial control function of any New York corporation or business, and banned them from serving as an officer or director of any New York corporation for three years. 

Weisselberg was also fined $1 million in the ruling. 

Donald Trump’s adult sons, Eric and Donald Trump Jr., are barred from serving as an officer or director of any New York corporation for two years.

Meanwhile, the former president is barred from serving as an officer or director of any New York corporation or other legal entity in the state for three years.

Judge Arthur Engoron ordered Donald Trump and his companies to pay nearly $355 million in a ruling in the New York civil fraud case.

Read the entire ruling below:

Judge Arthur Engoron also entered an order barring former President Donald Trump from applying for loans from any financial institution registered with the New York Department of Financial Services for three years.

The former president is also barred from serving as an officer or director of any New York corporation or other legal entity in the state for three years.

Judge Arthur Engoron found Trump’s adult sons, Donald Jr. and Eric, liable for a host of civil fraud counts in New York, including issuing false financial statements, falsifying business records and conspiracy.  

He ordered them each to pay $4 million for their personal profits from the fraud. 

In addition, Engoron fined former Trump Organization Chief Financial Officer Allen Weisselberg $1 million. 

Judge Arthur Engoron, in his 92-page ruling, had some sharp barbs for former President Donald Trump, his sons and the other defendants.

"They are accused only of inflating asset values to make more money. The documents prove this over and over again.

"Yet, defendants are incapable of admitting the error of their ways. Instead, they adopt a 'See no evil, hear no evil, speak no evil' posture that the evidence belies." 

Donald Trump's attorney and legal spokesperson Alina Habba in a statement responded to Judge Arthur Engoron's ruling on Friday calling the decision a "manifest injustice — plain and simple," and expressed confidence that the decision would be overturned on appeal.

Habba said that "given the grave stakes," they plan to appeal.

While Judge Arthur Engoron barred Donald Trump from serving as an officer or director of a New York corporation in New York for three years, he did not dissolve the business certificates for the Trump Organization, as he had initially laid out in his summary judgment issued last year.

Engoron wrote that his September order was ��modified solely to the extent of vacating the directive to cancel defendants’ business certificates.”

Engoron wrote that a monitor he put in place for the company was to stay in place for at least three years, and that an independent director of compliance should be installed at the company’s expense.

Judge Arthur Engoron has barred former President Donald Trump from serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years.