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

The former president was found to have defrauded lenders.

Last Updated: October 23, 2023, 8:57 AM EDT

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, 2024, 4:07 PM EST

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 23, 2023, 8:55 AM EDT

Trial delayed until Tuesday due to COVID-19 exposures

Former President Trump's civil fraud trial is adjourned until Tuesday due to COVID-19 exposures, the New York attorney general's office has announced.

Officials did not say who had been exposed or when.

Trump attended the trial on Tuesday and Wednesday of last week and said on Wednesday that he could return to court for the testimony of his former attorney Michael Cohen, which could begin tomorrow.

The trial is scheduled to continue tomorrow morning with testimony from a lawyer at Trump's former accounting firm, Mazars USA, followed by Cohen.

Week Three of the trial concluded on Friday with Judge Engoron fining Trump $5,000 for violating a gag order the judge had issued prohibiting social media posts and statements about the judge's staff.

While Engoron found that Trump's violation was "inadvertent," he threatened additional fines or possibly even jail time if Trump violated the order again.

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.

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