Judge Arthur Engoron renders the verdict in Letitia James’s fraud trial against President Trump.
The judge’s ruling was contained in a 92-page document.
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In addition to fining Trump a whooping $355 million, Judge Engoron bars him from holding any position in New York corporations for a period of three years.
Trump and the defendants, according to Engoron, were actively involved in an insurance fraud conspiracy. They specifically claim that each person was involved in the deliberate submission of materially fraudulent SFCs to insurance companies through the falsification of business records and valuations.
“[W]here, as here, there is a claim based on fraudulent activity, disgorgement may be available as an equitable remedy, notwithstanding the absence of loss to individuals or independent claims for restitution. Disgorgement is distinct from the remedy of restitution because it focuses on the gain to the wrongdoer as opposed to the loss to the victim. Thus, disgorgement aims to deter wrongdoing by preventing the wrongdoer from retaining ill-gotten gains from fraudulent conduct. Accordingly, the remedy of disgorgement does not require a showing or allegation of direct losses to consumers or the public; the source of the ill-gotten gains is “immaterial,” Engoron wrote.
“As detailed in the Findings of Fact, there is overwhelming evidence that each of these defendants made or participated in making a false statement in the business records of an enterprise, the Trump Organization, with the intent to defraud,” Engoron wrote in the filing reviewed by USA First Reporting.
Millions of dollars in fines were imposed on Eric Trump and Donald Trump Jr.
Don Jr. and Eric Trump will need to pay $4,013,024 apiece.
“There is also sufficient evidence that Donald Trump, Jr. and Eric Trump intentionally falsified business records. They served as attorneys-in-fact for Donald Trump and were under a heightened duty of prudence,” Engoron wrote.
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Trump Organization. A $1 million payment order was issued to CFO Allen Weisselberg.
Trump’s companies were not dissolved by Engoron.
I don’t trust Judge Arthur Engoron. He is wrongdoers for accuse Trump and his sons. A woman lair, fake evidence where business recorded loan. They attempted to stop Trump will be president. They damage his family Trump. Horrible…Fired Judge!