A New York judge ordered Donald Trump and his companies on Friday to pay $355 million in penalties, finding they engaged in a yearslong scheme to dupe banks and others with financial statements that inflated his wealth.
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Judge Arthur Engoron concluded that Trump and his company were “likely to continue their fraudulent ways” without the financial penalties and other controls he imposed. Engoron concluded that Trump and his co-defendants “failed to accept responsibility” and that experts who testified on his behalf “simply denied reality.”
“This is a venial sin, not a mortal sin,” Engoron, a Democrat, wrote in a searing 92-page opinion. “They did not rob a bank at gunpoint. Donald Trump is not Bernard Madoff. Yet, defendants are incapable of admitting the error of their ways.”
He said their “complete lack of contrition and remorse borders on pathological” and “the frauds found here leap off the page and shock the conscience.”
Trump, who built his reputation as a real estate titan, also was barred from serving as an officer or director of any New York corporation for three years or from getting a loan from banks registered in his native state. His eldest sons, Trump Organization Executive Vice Presidents Donald Trump Jr. and Eric Trump, each were ordered to pay $4 million and barred from being officers of New York companies for two years.
If the TOFF wants to appeal it, he'll have to post a bond to cover the $355 million. By being an asshole and by having a witness who admitted perjury, he made it really easy for the judge to whack him with the Ruler of Justice.
In civil court, so far, the TOFF has been adjudicated as a rapist, a liar and a fraudster who owes almost half-a-billion in damages.
Just wait until the DC and Capitol police officers have their way with him in court.
ReplyDelete-Doug in Sugar Pine