On Friday, Judge Arthur Engoron, overseeing a civil business fraud trial involving Donald Trump, issued a verdict compelling the former president, his sons, business associates, and their company to collectively pay over $350 million in damages.
Furthermore, the judge imposed a temporary restriction on their business activities within New York.
Judge Engoron specifically mandated that Donald Trump and the Trump Organization must pay damages exceeding $354 million.
Additionally, Trump is prohibited from holding any officer or director position in a New York corporation or other legal entity for a three-year period, including his eponymous company.
New York Attorney General Letitia James, whose office initiated the case, emphasized that when factoring in pre-judgment interest, the total judgment surpasses $450 million, NBC News reported.
She highlighted that this amount will accrue daily until the full judgment is satisfied. The ruling also enforces a three-year prohibition on Trump and his company seeking any bank loans.
Addressing reporters at Mar-a-Lago on Friday night, Trump criticized the verdict, characterizing the $350 million penalty as “a fine for doing a perfect job.”
He reiterated earlier criticisms by labeling the judge as “crooked” and the attorney general as “corrupt.”
Following his approximately six-minute statement, Trump refrained from taking any questions from reporters.
Written by B.C. Begley
