Justice Arthur F. Engoron has found Donald Trump guilty of conspiring to manipulate his net worth, and has ordered him to pay a penalty of $354 million. This concludes his year-long civil suit regarding the valuation of Trump’s assets, and Engoron’s decision is final and absolute, as there was no jury.
The fee threatens to significantly cripple Trump financially, as it would clear out his cash savings as most of his wealth is in real estate. Engoron’s decision includes other punishments, such as banning Trump from serving in officer or director roles at any New York-based business as well as his own—and this applies to his sons as well.
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Trump is set to appeal the financial payment but must put up the money first or secure a bond within 30 days. As Valuetainment reported earlier today, Trump could see a payout of up to $4 billion should the merger of his social media platform Truth Social with a blank-check acquisition vehicle prove successful.
As Valuetainment previously reported, this civil case focused on claims of conspiracy, insurance fraud, and falsifying business records following Engoron’s previous ruling to dissolve several New York-based Trump Organization LLCs. Attorney General Letitia James accused Trump, his adult sons, and other executives at the Trump Organization of participating in a conspiracy to commit “numerous acts of fraud and misrepresentation” and thereby artificially boost Trump’s net worth so he could dupe investors and get loans he was not qualified for. The judge in that case ruled against Trump, sending him onto this current trial. Trump denies all accusations, and his legal team—as well as a bank he used—say the profits made were through his business skill.
This is a developing story. Check back later for more updates.
Shane Devine is a writer covering politics, economics, and culture for Valuetainment. Follow Shane on X (Twitter).
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