A New York Judge Friday, Ordered Trump to pay more than $354.9 million in Total Penalties, as part of His Ruling in the Civil Business Fraud Trial. Trump's Sons Donald Trump Jr. and Eric Trump have been fined $4 million apiece, and former Trump Organization CFO has been Fined $1 million.
Manhattan Supreme Court Judge Arthur Engoron, delivered the Final Decision from the Trial, which was held without a Jury, a Bench Trial. Judge Engoron found that Trump’s Statements of Financial Condition between 2014 and 2021, Overvalued His Assets between $812 million and $2.2 billion.
Trump owns 51% of All the Worldwide Companies, receiving 51% of All the Profits.
The Decision Bars Trump barred from serving as an Officer of a New York Company for Three years, and bars His Sons for Two years apiece.
Regarding the Dissolution of Trump's Companies, the Decision says, "This Court hereby modifies its September 26th, 2023, decision and Order solely to the extent of removing the language ordering the LLCs Cancellation en masse. The Restructuring and potential Dissolution of any LLCs shall be subject to individual review by the Court appointed Independent Director of Compliance in consultation with Judge Jones." Trump's Company will have to Pay the Salery of any Court Appoint Monitors.
In His Decision, Engoron wrote that "Defendants' refusal to admit error -- indeed, to continue it, according to the Independent Monitor -- constrains this Court to conclude that they will engage in it going forward unless judicially restrained."
"Overall, Donald Trump rarely responded to the questions asked, and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial," the Judge wrote. "His refusal to answer the questions directly, or in some cases, at all, severely compromised his credibility."
"The accountants created these 'compilations' based on data submitted by the Trump entities," the Decision said. "In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements. 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."
Judge Arthur Engoron fired back at Defense Lawyers Thursday, regarding former Trump Organization CFO Allen Weisselberg, who was allegedly engaged in Plea talks with the Manhattan DA's Office to resolve a potential Perjury Charge. Engoron had asked the Lawyers in the Case for Information on Weisselberg's potential Guilty Plea, based on Reporting from The New York Times. One of the Defense Lawyers responded by Characterizing the Request as "unprecedented, inappropriate, and troubling."
"Arguing against judicial notice is attacking a straw person, as I have not taken, do not plan to take, and did not suggest or hint that I would take judicial notice of the subject New York Times article or the contents thereof," Engoron wrote in an email posted to the Court's Docket.
However, Engoron vowed that He would Research and Consider the Issue if Weisselberg, a Defendant in the Fraud Case, pleads Guilty to Perjury before Engoron Issues His Final Ruling in the Case. "I am not reopening the case, but if someone pleads guilty to committing perjury in a case over which I am presiding, I want to know about it," Engoron said, adding that He reached out to Weisselberg's Attorney for more Information.
"You and your co-counsel have been questioning my impartiality since the early days of this case, presumably because I sometimes rule against your clients," Engoron wrote. "That whole approach is getting old."
The Trump Organization Monitor flags Financial Misstatements: A Report issued Friday by the former Judge appointed to serve as the Trump Organization's Independent Monitor. Judge Arthur Engoron, found that the Company has been Cooperative, implemented some Changes, and issued necessary Corrections to Financial Statements. However, the Report also outlined Multiple Errors and Misstatements observed by the Monitor over Her 14 months in the Role.
The Report, by Independent Monitor Barbara Jones, said: "It is important to note that the Trump Organization acknowledged the disclosure issues described after I brought them to its attention and has been open to recommendations to improve accuracy and transparency," Jones wrote in Her Report. However, Jones wrote, "Absent steps to address the items above, my observations suggest misstatements and errors may continue to occur, which could result in incorrect or inaccurate reporting of financial information to third parties."
Tump will Appeal.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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