Judge Arthur Engoron ordered the former president and the Trump Organization to pay over $354 million in damages, and barred Trump “from serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years,” including his namesake company.
The judge’s decision is a potential blow to both Trump’s finances and persona — having built his brand on being a successful businessman that he leveraged in his first run for president. Trump is currently running for the White House for a third time. This case is just one of many he is currently facing, including four separate pending criminal trials, the first of which is scheduled to begin on March 25.
Judge Engoron also ordered the continued “appointment of an Independent Monitor” and the “the installation of an Independent Director of Compliance” for the company.
There was no crime.
No injured party.
So how can remorse be shown?
Why should remorse be shown when no crime was committed?
The ruling also bars the Trump sons — who’ve been running the company since their father went to the White House — “from serving as an officer or director of any New York corporation or other legal entity in New York for a period of two years.” Both were fined over $4 million, plus interest, for their roles in the scheme.
Trump can just appeal this right?
What does an appeal look like?
He can appeal the verdict to an appeal court but he still has to pay.
He will have to post money to appeal, so he will have to post a portion of that $364 million.
He will have to put a bond up equal to $364 million.
So who will bond someone that kind of money?
He also cannot borrow from any bank headquartered in NY.