The decision issued on Friday, Feb. 16, 2024 by Justice Arthur F. Engoron in the civil fraud case against former President Donald Trump grants the following relief:
- Donald Trump and the other defendants are ordered to pay more than $450 million in total, which represents $363.8 million in disgorgement and pre-judgment interest;
- Donald Trump, Allen Weisselberg, and Jeffrey McConney are each banned from serving as an officer or director of any New York company for three years;
- Allen Weisselberg and Jeffrey McConney are additionally banned from serving in a financial management role in any New York company for life;
- Donald Trump, Jr. and Eric Trump are banned from serving as an officer or director of any New York company for two years;
Donald Trump and his companies are banned from applying for loans from any New York bank or financial institution for three years; - A new, Independent Director of Compliance role will be created at the Trump Organization to ensure the company establishes internal protocols and meets financial reporting obligations; and
The current independent, external monitor will continue to oversee the company’s financial dealings and ensure this fraud cannot continue.
Click here to upload a copy of the decision by Justice Arthur F. Engoron.
How the Case Has Evolved
Following a three-year investigation, in September 2022 Attorney General James filed a lawsuit against Donald Trump, a number of Trump Organization companies, and senior executives for engaging in years of financial fraud and illegal conduct.
In September 2023, before this trial began, Justice Engoron issued a ruling granting Attorney General James’ motion for partial summary judgment, finding that Donald Trump and the defendants committed fraud by falsely inflating the value of his assets.
Friday’s decision and order that Donald Trump and the other individual defendants also engaged in illegal conduct and that relief against the defendants is necessary to prevent further fraudulent and illegal conduct comes after 11 weeks of trial, which concluded with closing arguments last month.
Click here to upload a copy of the decision by Justice Arthur F. Engoron.
