By Lauren del Valle, Kara Scannell, Jeremy Herb, Dan Berman and Elise Hammond, CNN
From CNN's Lauren del Valle, Kara Scannell, and Jeremy Herb
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.
From CNN's Dan Berman
Judge Arthur Engoron, in his 92-page ruling, had some sharp barbs for former President Donald Trump, his sons and the other defendants.
"Their complete lack of contrition and remorse borders on pathological," the judge wrote.
"They are accused only of inflating asset values to make more money. The documents prove this over and over again.
"This is a venial sin, not a mortal sin. Defendants did not commit murder or arson. They did not rob a bank at gunpoint. Donald Trump is not Bernard Madoff," Engoron wrote.
"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."
From CNN's Paula Reid
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.
"It is the culmination of a multi-year, politically fueled witch hunt that was designed to 'take down Donald Trump,' before Letitia James ever stepped foot into the Attorney General's office," the statement continued.
Habba said that "given the grave stakes," they plan to appeal.
From CNN's Jeremy Herb
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.
From CNN's Lauren del Valle, Kara Scannell and Jeremy Herb
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.
From CNN's Nicki Brown
Judge Arthur Engoron minced no words about his feelings of Donald Trump and the other defendants.
"In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements," he wrote.
"When confronted at trial with the statements, defendants’ fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences."
He added: "As detailed herein, this Court now finds defendants liable, continues the appointment of an Independent Monitor, orders the installation of an Independent Director of Compliance, and limits defendants’ right to conduct business in New York for a few years."
Donald Trump’s adult sons, Don Jr. and Eric, were ordered to pay $4 million each after Judge Arthur Engoron found them liable for multiple fraud counts.
Judge Arthur Engoron has ordered former President Donald Trump and his companies to pay nearly $355 million.
Trump is expected to appeal the decision and seek a stay to halt its enforcement while his appeal is considered.
From CNN staff
Judge Arthur Engoron has issued a ruling in Donald Trump’s’ New York civil fraud trial.
New York Attorney General Letitia James is asking for $370 million from Trump and the co-defendants in disgorgement – or ill-gotten gains, alleging he filed fraudulent financial statements that allowed him to obtain loans and insurance policies at more favorable rates.
The case goes to the heart of Trump’s image as a successful billionaire and includes accusations of fraud regarding his Trump Tower apartment, Mar-a-Lago estate and several golf courses, among others.
Engoron has already ruled that Trump and his co-defendants engaged in fraud and ordered the cancelation of any business certificates they hold in New York, an action that is on hold pending Trump’s appeal.
This ruling will address six additional claims against some or all of the defendants including conspiracy, issuing false financial statements, falsifying business records and insurance fraud.
The New York attorney general also asked the court to bar Trump and some of the co-defendants from the real estate business in New York and being able to apply for a loan from banks registered in the state, among other bans that could significantly impact him and his companies.
