After finding that Donald Trump, his businesses, and a few officials had participated in a multi-year plan to mislead banks and other parties about his wealth, a New York judge on Friday fined them $364 million.
In addition to being prohibited from holding any position as an officer or director of a New York corporation for three years, Trump established his name as a real estate mogul.
The judge did, however, rescind an earlier decision that would have forced the former president’s businesses to liquidate.
$355 million in payments were mandated for Trump and his businesses. Donald Trump Jr. and Eric Trump, the executive vice presidents of the Trump Organization and his eldest sons, were each ordered to pay $4 million. Allen Weisselberg, the former chief financial officer, was made to pay $1 million.
Following an 11-week civil trial in New York, during which Trump and three of his adult children testified, Engoron made his verdict.
Credit: AP News, NBC, CNN