Judge Orders Trump Organization Executives to Pay More Than $350 Million

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โ€˜Court now finds defendants liable … and limits defendantsโ€™ right to conduct business in New York for a few years,โ€™ the judge wrote.

New York Supreme Court Justice Arthur Engoron issued an order on Feb. 16, including multimillion-dollar penalties, but modified his previous order to cancel Trump Organization business certificates in a move widely criticized as a โ€œcorporate death blow.โ€

โ€œAs detailed herein, this Court now finds defendants liable, continues the appointment of an Independent Monitor, orders the installation of an Independent Director of Compliance, and limits defendantsโ€™ right to conduct business in New York for a few years,โ€ the judge wrote.

New York Attorney General Letitia James brought the case against President Donald Trump and the Trump Organization in September 2022, and the trial began on Oct. 2, 2023.

Trump Organization executives are ordered to pay more than $360 million with backdated interest.

Former Trump Organization executives Allen Weisselberg and Jeffrey McConney are permanently banned from doing business in New York.

โ€œThe evidence is overwhelming that Allen Weisselberg and Jeffrey McConney cannot be entrusted with controlling the finances of any business,โ€ the judge ordered.

Mr. Weisselberg, Mr. McConney, and President Trump are banned from serving as an officer or director of any New York corporation or legal entity for three years. Eric Trump and Donald Trump Jr. cannot serve as such for two years.

President Trump and his companies cannot apply for loans from any financial institution chartered by or registered in New York for three years.

This would effectively bar President Trump from doing business in the state for three years.

Former judge Barbara Jones will continue to monitor Trump Organization for at least three years, and will send a proposal to the court in 30 days outlining what authority she needs to effectively serve as independent monitor.

Another independent director of compliance will be installed at Trump Organization, paid for by the defendants, to โ€œensure compliance with financial reporting obligations and to establish internal written accounting and financial reporting protocols.โ€ Ms. Jones will make a list of recommended persons for the position within 30 days.

Byย Catherine Yang

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