In what appears to be a consequential week for the 45th president, Donald Trump and his businesses face a significant legal setback following a ruling by New York Judge Arthur Engoron. The judge found Trump and his entities liable for conspiracy, ordering them to pay a hefty sum of $355 million. Additionally, the court imposed restrictions, barring Trump from serving in leadership positions in any New York company for three years and his adult sons for two years, along with levying a $4 million penalty on both sons.
Engoron’s scathing 92-page decision not only held Trump accountable for conspiracy but also criticized his credibility, highlighting his evasive responses during proceedings and his tendency to digress into irrelevant topics.
Moreover, the court’s preliminary findings suggest a pattern of persistent fraud by the defendants, particularly in the submission of false financial statements on behalf of Trump.
The legal judgment even referenced an article from Forbes, underscoring instances where Trump’s claims were contradicted by evidence.
Trump’s reliance on the Fifth Amendment during depositions—cited more than 400 times—reflects his legal strategy, which he defends as prudent, considering his circumstances.
This legal setback is part of a broader series of challenges for Trump. Another Manhattan judge, Juan Merchan, has set a trial date for March 25 on state-law felony charges related to alleged hush-money payments to adult film actress Stormy Daniels and model Karen McDougal.
Additionally, a US court of appeals recently rejected Trump’s claim of absolute immunity, affirming that former presidents are not above the law.
Despite these legal hurdles, the US Supreme Court may intervene in the case, adding further uncertainty to the situation.
Appeals and the need to secure funds for the sizable judgment compound Trump’s challenges. Meanwhile, his forced exit from the Republican National Committee suggests a shift in his political financing strategy.
Trump’s financial status has fluctuated over the years, marked by business failures and restructuring efforts. Despite claims of substantial wealth, recent legal verdicts and ongoing cases cast a shadow over his financial standing and reputation.
As Trump navigates mounting legal battles and financial obligations, the specter of potential criminal convictions looms large, potentially impacting his political aspirations and public perception.