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

The former president was found to have defrauded lenders.

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.


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


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Trump not expected back in court today

After attending his civil fraud trial for two days this week, former President Trump does not plan to return to court today.

"We're having a very big professional golf tournament at Doral, so probably not," Trump told reporters yesterday when asked about his plans to return to court.

LIV Golf is holding a team championship at Trump's Miami, Florida, golf course this weekend, which Trump plans to attend.

He has indicted that he could return to court for the testimony of his former attorney Michael Cohen, which could happen next week.


Jack Weisselberg set to continue testimony

Day 13 of the trial is scheduled to get underway this morning with continued testimony from Ladder Capital executive Jack Weisselberg, who took the stand yesterday afternoon.

The son of former Trump Organization CFO Allen Weisselberg, who is a defendant in the case, Jack Weisselberg said yesterday that he often worked directly with his father while working on a 2015 deal to refinance the Trump Organization's $160 million mortgage of its 40 Wall Street office building.

The younger Weisselberg also described interactions with the Trump Organization executives who worked to protect the sensitivity of Trump's financial information.

"I think they were concerned about confidentiality and wanted to make sure it got into my hands," said Jack Weisselberg, describing how Trump's financial documents were sent to him via a messenger.

He also testified how, when Trump Organization executives were contemplating a 2012 loan, they appeared sensitive about making certain financial documents public -- including how much fashion brand Gucci paid in rent at Trump Tower.

"He is also nervous about Gucci's rent becoming public knowledge, as he tends to embellish from time to time," Jack Weisselberg wrote in a 2012 email that was entered into evidence, apparently referring to Trump.

"I recall it being public was a concern," Jack Weisselberg said when asked about the information referenced in the email.


'We are here to enforce the law,' says AG

New York Attorney General Letitia James denounced Donald Trump as "performative" during brief remarks outside the courthouse after court was adjourned for the day.

"He's called me disgraceful. He's called me radical. He's called me a racist, and this is only Week Three," James said of the former president.

She added that she looks forward to seeing Trump again, likely during the testimony of his former lawyer Michael Cohen, which could happen next week. Trump earlier told reporters he likely will not attend court tomorrow.

"We are here to enforce the law, and nothing will change that," James said.


Trump departs for the day

Former President Trump did not return to the courtroom following an afternoon break, and his motorcade departed the courthouse shortly thereafter.

While leaving the courtroom, Trump was asked about a court employee who attempted to approach him during the trial today and was subsequently arrested.

"The attorney general should be arrested for what she's doing," Trump said.


Judge, clerk subjected to daily threats, official says in gag order filing

An attorney for Judge Arthur Engoron also filed in support of the gag order in Donald Trump's civil fraud trial, arguing that violent threats have increased since the gag order was lifted.

The limited gag order, which prohibited Donald Trump and his attorneys from publicly commenting about Engoron's staff, was issued by the judge last month after Trump posted about the judge's law clerk on social media. Judge David Friedman of the appellate division's First Department stayed the order on Thursday, citing constitutional concerns over Trump's free speech rights.

Engoron's filing includes a report from Charles Hollon of the Judicial Threats Assessment Unit of the New York State Court System's Department of Public Safety. According to the report, Engoron and his principal law clerk, Allison Greenfield, have been inundated with credible, violent and antisemitic threats since Trump began criticizing Greenfield.

"The threats against Justice Engoron and Ms. Greenfield are considered to be serious and credible and not hypothetical or speculative," Hollon wrote in the report.

Greenfield has been the victim of daily doxing of her personal email address and phone number, receiving dozens of calls, emails and social media messages daily, according to Hollon. Approximately half the harassing messages have been antisemitic, according to Greenfield.

In the report, Hollon wrote that Engoron was the subject of credible threats before the trial had started, but Trump's Oct. 3 Truth Social post directed at Greenfield exponentially increased the number of threats directed at her.

The report included multiple examples of voicemails that were left on the telephone in Engoron's chambers.

Hollon said the messages have created an "ongoing security risk" for Engoron, his staff and family, but that the gag order had been effective in lowering the number of threats.

"The implementation of the limited gag orders resulted in a decrease in the number of threats, harassment and disparaging messages that the judge and his staff received," Hollon said in the report. "However, when Mr. Trump violated the gag orders, the number of threatening, harassing and disparaging messages increased."

Engoron's lawyer, Lisa Evans, said the threats detailed in Hollon's affirmation justify the gag order, which functions as a reasonable limit on free speech.

"The First Amendment does not prohibit courts from limiting speech that threatens the safety of the court's staff," Evans wrote.

Trump's reply to the filing is due on Nov. 27, after which the First Department will decide whether to fully lift the gag order.