Trump Ordered to pay $350 million

“A New York judge Friday ordered Donald Trump to pay more than $350 million in total penalties as part of his ruling in the former president’s civil business fraud trial.

Manhattan Supreme Court Judge Arthur Engoron also barred Trump from serving as an officer or director of any New York corporation or other legal entity in the state for three years.

And Trump is banned for three years from applying for loans from any financial institution chartered by or registered with the New York financial services department.” — CNBC


Editorial comment: The underlying issues appear to be largely misreported. For one, the penalty that has been broadly cast as a fine by the Main Stream Media (MSM) is more accurately a “disgorgement”. The State traced Trump Org financial statements they found to be inaccurate, false, fraudulent to various business transactions. The penalty dollar amount is the sum of the profits the State calculated from those transactions and then classified as, “ill-gotten gains”.

Decision After Trial