Donald Trump’s very, very bad day – $437 million and counting…

Donald Trump’s very, very bad day – $437 million and counting…

by 02/16/2024

By Mildred Robertson

Today Indicted President Donald J. Trump and his corporation were ordered to pay $345 million in damages for fraudulent business practices and have been barred from conducting business in New York for the next three years. His two sons, Donald and Eric also are barred from serving in leadership in a New York business for two years. The damages stand at approximately $437 million and counting when you include interest and the $83.3 million judgment in Trump’s civil defamation case.

Judge Arthur Engoron who issued the summary judgment says, “The frauds here leap off the page and shock the conscience.”  Engoron found that the corporation borrowed more at a lower rate by falsifying financial data submitted to financial institutions. In addition, he found that Trump and his representatives were “pathological” in their refusal to admit errors in their financial statements. The judge noted their complete lack of contrition and remorse which he said bordered on pathological. Although the Trump organization repaid all the loans, Engoron says that did not justify the falsification of records, noting that, although the financial institutions in question were made whole, future institutions could possibly not fare as well.

To make the very bad day even worse, an evidentiary hearing on a motion to dismiss Fulton County District Attorney Fani Willis from the Georgia election subversion case seems to be leaning in Willis’ favor. The case was brought by Trump’s co-defendants in a Georgia racketeering case involving the attempt to overturn the Georgia 2020 presidential election. They allege Willis had a conflict of interest by hiring a former lover to assist with the prosecution of the case and then profiting from his income. If successful, Willis and her entire team would be disqualified from trying Trump which could mean the end of the case. However, Trump’s legal team has struggled to damage the Fulton County District Attorney’s office.

At the end of the day, things are not going well for the former president, as he grapples with 91 indictments, several successful prosecutions, and close to a half-billion dollars in judgments against him and his organization.  He’s having a very, very bad day…and it is not yet midnight.

Print Friendly, PDF & Email

No Comments so far

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.

Only registered users can comment.