Judge #Engoron delivered a sweeping array of punishments that threatens #Trump’s business empire as he simultaneously contends w/ 4 #criminal prosecutions & seeks to regain the WH.

Not only did Justice Engoron impose a 3-yr ban preventing Trump from serving in top roles at any NY company but also applied that punishment to TFG’s adult sons for 2 yrs.

https://www.nytimes.com/2024/02/16/nyregion/trump-civil-fraud-trial-ruling.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb

One of the sons, #EricTrump, is the #TrumpOrganization’s de facto chief executive, & the ruling throws into doubt whether any member of the family can run the business in the near term.

#Trump will appeal the financial penalty — which could climb to $400 million or more once interest is added — but will have to either come up w/ the money or secure a #bond within 30 days. The ruling will not render him bankrupt, because most of his *wealth* is tied up in real estate.

#law #civil #fraud #NYAG

#Trump will also most likely ask an appeals court to halt the restrictions on him & his sons from running the company while it considers the case.

But there might be little Trump can do to thwart one of the judge’s most consequential punishments: extending for 3 years the appointment of an independent monitor who will be the court’s eyes & ears at the #TrumpOrganization, watching for #fraud & second-guessing transactions that look suspicious.

#legal #law #civil #conspiracy #NYAG #GAAP

Between this ruling, & the 2 #EJeanCarroll rulings, #Trump is down half a billion dollars in #legal #damages this year.

My #civil #fraud #TrumpOrganization #TrumpTrial threads:

starting w/ #Engoron’s pretrial #SummaryJudgment:

https://masto.ai/@Nonilex/111133424143457583

#law #conspiracy #NYAG #LetitiaJames #GAAP