Trump civil fraud case: Judge fines Trump $354M, says frauds 'shock the conscience'

The former president was found to have defrauded lenders.

Last Updated: February 16, 2024, 7:15 PM EST

Former President Donald Trump has been fined $354.8 million plus approximately $100 million in interest in a civil fraud lawsuit that could alter the personal fortune and real estate empire that helped propel him to the White House. In the decision, Judge Arthur Engoron excoriated Trump, saying the president's credibility was "severely compromised," that the frauds "shock the conscience" and that Trump and his co-defendants showed a "complete lack of contrition and remorse" that he said "borders on pathological."

Engoron also hit Donald Trump Jr. and Eric Trump with $4 million fines and barred all three from helming New York companies for years. New York Attorney General Letitia James accused Trump and his adult sons of engaging in a decade-long scheme in which they used "numerous acts of fraud and misrepresentation" to inflate Trump's net worth in order get more favorable loan terms. The former president has denied all wrongdoing and has said he will appeal.

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Here's how the news is developing. All times Eastern.
Feb 16, 4:07 pm

Summary of penalties

Donald Trump and his adult sons were hit with millions in fines in the civil fraud trial and barred for years from being officers in New York companies. The judge said the frauds "shock the conscience."

Donald Trump: $354 million fine + approx. $100 million in interest
+ barred for 3 years from serving as officer of NY company
Donald Trump Jr.: $4 million fine
+ barred for 2 years from serving as officer of NY company
Eric Trump: $4 million fine
+ barred for 2 years from serving as officer of NY company
Former Trump Organization CFO Allen Weisselberg: $1 million fine
+ barred for 3 years from serving as officer of NY company
+ barred for life from financial management role in NY company
Former Trump Organization controller Jeffrey McConney:
+ barred for 3 years from serving as officer of NY company
+ barred for life from financial management role in NY company

Oct 20, 2023, 3:39 PM EDT

Judge fines Trump $5,000 for violating partial gag order

Judge Engoron has fined Donald Trump $5,000 for what the judge called Trump's "inadvertent" violation of his limited gag order that occurred when the former president's false Truth Social post about Engoron's clerk was not removed from Trump's campaign website.

"Donald Trump has received ample warning from this Court as to the possible repercussions of violating the gag order," Engoron wrote in a ruling after court had ended for the day. "He specifically acknowledged that he understood and would abide by it. Accordingly, issuing yet another warning is no longer appropriate; this Court is way beyond the 'warning' stage."

The judge said he decided to impose a nominal $5,000 fine "given defendant's position that the violation was inadvertent."

However, the judge wrote, "Make no mistake: future violations, whether intentional or unintentional, will subject the violator to far more severe sanctions, which may include, but are not limited to, steeper financial penalties, holding Donald Trump in contempt of court, and possibly imprisoning him pursuant to New York Judiciary Law 753."

Oct 20, 2023, 2:02 PM EDT

Court adjourns for day without gag order ruling

The trial adjourned until Monday without Judge Engoron determining what penalty, if any, Trump will face after the judge said Trump violated his limited gag order by not removing a false Truth Social post about Engoron's clerk from his campaign website.

Prior to adjournment, former Trump Organization vice president Raymond Flores testified about his limited role in reviewing Trump’s 2020 statement of financial condition and assessing the value of Trump’s golf courses.

Flores, who had a limited recollection of events, is expected to return to the witness stand to complete his testimony on Monday.

Oct 20, 2023, 1:49 PM EDT

Judge to hold hearing on Ivanka Trump subpoenas

Judge Engoron will hear oral arguments from the New York attorney general and Ivanka Trump's attorney about whether Ivanka Trump will be required to testify at her father's civil fraud trial.

New York Attorney General Letitia James issued three subpoenas to Ivanka Trump, who was no longer a part of the Trump Organization by 2016, in order to compel her testimony -- but Ivanka Trump's lawyer argues they should be quashed because the AG lacks jurisdiction.

The hearing will likely take place one morning next week, before the trial gets underway for the day, according to Engoron's clerk.

Oct 20, 2023, 12:57 PM EDT

Thousands saw false post on Trump's website, attorney says

According to Donald Trump's attorney Chris Kise, 3,701 people viewed a screenshot of Trump's false Truth Social post about Judge Engoron's clerk that was added to Trump's 2024 campaign website.

Engoron had requested that Kise provide specific information about the reach of Trump's post after it was removed from Truth Social but remained on the campaign site. A screenshot of the Truth social post was available on Trump's campaign site for more than two weeks after it was removed from the Truth Social platform, according to Engoron.

Kise said that the post was initially emailed to 25,810 people from a "press" email list. A total of 6,713 people opened the email, which directed recipients to a post on Trump's campaign website.

Of the 114 million people who visited Trump's campaign website between Oct. 3 and Oct. 19, a total of 3,701 users viewed the actual post, including the people directed to the post via email.

"You have to click through layers to get there," Kise said.

Engoron has still not ruled on what punishment, if any, Trump faces for the potential violation of his gag order.

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