In a 90+ page ruling, New York Judge Arthur Engoron levied fines and renumeration in excess of $364 million against Donald Trump, his two adult sons, the Trump Organization and other corporate officers for falsifying financial statements.
It is not a death sentence for the Trump Organization, however, as Engoron had previously ordered court-appointed oversight for the company through independent monitors and compliance officers, which will continue as long as the company operates in New York. Donald Trump, Allen Weisselberg, and Jeffrey McConney have been barred from operating as an officer in any New York corporation for three years. Trump’s sons Eric and Don Jr. are barred for two years from similar positions.
Should Trump choose to appeal the ruling, he will have to front at least some significant portion of the assessment. Trump was personally ordered to pay $354 million, with fines of $4 million to each Junior and Eric and $1 million to Weisselberg. Trump’s total real estate holdings in New York City were estimated at a total value of around $600 million, with only Trump Tower, valued at $160 million, the only property totally owned by Trump.