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"value": "Donald Trump, his eldest sons and associates have been ordered to pay over $350m by a New York judge who found them guilty of intentionally committing financial fraud over the course of a decade.\n\n\u201cThe frauds found here leap off the page and shock the conscience,\u201d Judge Arthur Engoron wrote in his decision. In a devastating blow for the former president who had built his reputation as a successful real estate developer, Engoron barred Trump and two other executives from serving as officers or directors of any corporation or entity in New York for three years. His sons, Eric and\u00a0Donald Trump Jr, were banned for two years.\n\nThe three-month hearing was an often heated affair with Trump attacking Engoron in and out of the courtroom. The former president\u2019s decision to take on the judge appeared to backfire.\n Share this article on Twitter Facebook Mail\n\u201cOverall, Donald Trump rarely responded to the questions asked and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial. His refusal to answer the questions directly, or in some cases, at all, severely compromised his credibility,\u201d Engoron wrote.\n\nIn his decision Engoron said the defendants\u2019 \u201cfact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences\u201d adding the defendants \u201ccomplete lack of contrition and remorse borders on pathological\u201d.\n\nOn his social media site Trump attacked the verdict, Engoron and his prosecutors. \u201cThis \u2018decision\u2019 is a Complete and Total SHAM. There were No Victims, No Damages, No Complaints. Only satisfied Banks and Insurance Companies (which made a ton of money), GREAT Financial Statements, that didn\u2019t even include the most valuable Asset \u2013 The TRUMP Brand,\u201d he wrote.\n\nThe decision will make it hard for any Trump family member to run the business in the near future. Trump\u2019s adult sons were each fined $4m.\u00a0Eric Trump\u00a0acts as the Trump Organization\u2019s chief executive.\n\nThe hefty fine comes on top of an\u00a0$83.3m judgment\u00a0against the former president in a defamation suit brought by the writer E Jean Carroll. Bloomberg estimates Trump\u2019s net worth at $2.3bn, but it is unclear\u00a0how much cash\u00a0Trump has on hand.\n\nThe ruling marks the conclusion of a case that was years in the making. The New York attorney general, Letitia James, has been investigating Trump\u2019s business since 2019. James hailed the ruling as a \u201cmassive victory\u201d. \u201cNo matter how big, how rich, or how powerful you are, no one is above the law. Not even Donald Trump,\u201d\u00a0she said.\n\n\n\nIf you like this article, please sign up for Snapshot, Portside's daily summary.\nEmail\n(One summary e-mail a day, you can change anytime, and Portside is always free.)\n Leave this field blank\nTrump has denied all wrongdoing and will probably appeal the decision.\n\nProsecutors had asked Engoron for a lifetime ban along with a\u00a0$370m\u00a0fine, the amount they said Trump had profited after lying about his net worth and receiving lower interest rates from lenders.\n\nThe ruling is a follow-up to a\u00a0pre-trial judgment\u00a0Engoron issued in September based on document evidence. Engoron ruled Trump had misrepresented his net worth to lenders and ordered the cancellation of the Trump Organization\u2019s business certificates, essentially ending its ability to continue operation in New York.\n\nIn Friday\u2019s verdict, Engoron overturned his initial ruling, saying that \u201cthe cancellation of the business licenses is no longer necessary\u201d as he is ordering the appointment of two court monitors to oversee \u201cmajor activities that could lead to fraud\u201d.\n\nThe actual trial was held to determine whether Trump would have to pay a fine. Prosecutors had to show Trump and the other defendants, including Trump\u2019s adult sons and former Trump Organization executives\u00a0Allen Weisselberg\u00a0and Jeff McConney, had acted with intent. Forty witnesses testified during the three-month trial.\n\nProsecutors argued that Trump had lied on government financial statements, allowing him to receive more favorable loans from lenders. One of the most striking examples in the case concerned Trump\u2019s triplex apartment in Trump Tower, which records showed was reported to be 30,000 sq ft but is closer to 11,000 sq ft.\n\nThe court also heard that Trump overvalued his Seven Springs estate in Westchester county,\u00a0New York, telling lenders that the property had development potential, though local residents had blocked Trump\u2019s plans for the property. Trump also valued multiple rent-stabilized apartments in his Trump Park Avenue condominium at market rates.\n\nTrump\u2019s team tried to argue that the valuations\u00a0were \u201cworthless\u201d\u00a0because they contained a clause saying as much, an argument the judge rejected.\n\nHis lawyers also argued that the discrepancies were the fault of outside advisers and accounting errors, though they persisted for years and contradicted outside appraisals the company had received.\n\nOn the stand, Trump argued he could just look at a building and decide its worth. \u201cAll you have to do is look at a picture of the building and say: \u2018That building,\u2019\u201d Trump said, talking about the Trump office building at 40 Wall Street. \u201cYou just look at it and you say: \u2018That\u2019s worth a lot more than $550m.\u2019\u201d\n\nIn determining the size of the fine, Engoron agreed with prosecutors that Trump saved about $168m in interest by inflating the value of assets. Another $126m came from calculating the \u201cill-gotten profits\u201d Trump received from selling the Old Post Office building in Washington DC, which Trump would not have been able to purchase, Engoron said, without using false financial statements.\n\nLauren Aratani is a reporter for Guardian US\u00a0\nSign up for the Guardian's free newsletters. Scroll less and understand more about the subjects you care about with the\u00a0Guardian's\u00a0brilliant email\u00a0newsletters, free to your inbox. Donald Trump Letitia James Subscribe to Portside",
"lang": "en",
"html": "<div class=\"expanded-article-image-wrapper\">\n<img alt=\"\" class=\"expanded-article-image u-photo img-responsive\" height=\"452\" loading=\"lazy\" src=\"https://portside.org/sites/default/files/styles/large/public/field/image/trumpCivilVerdict-2024-02-16.jpg\" width=\"615\"/>\n</div>\n<div class=\"full-article-text-wrapper\">\n<p>Donald Trump, his eldest sons and associates have been ordered to pay over $350m by a New York judge who found them guilty of intentionally committing financial fraud over the course of a decade.</p>\n<p>\u201cThe frauds found here leap off the page and shock the conscience,\u201d Judge Arthur Engoron wrote in his decision. In a devastating blow for the former president who had built his reputation as a successful real estate developer, Engoron barred Trump and two other executives from serving as officers or directors of any corporation or entity in New York for three years. His sons, Eric and\u00a0<a href=\"https://www.theguardian.com/us-news/donald-trump-jr\">Donald Trump Jr</a>, were banned for two years.</p>\n<p>The three-month hearing was an often heated affair with Trump attacking Engoron in and out of the courtroom. The former president\u2019s decision to take on the judge appeared to backfire.</p>\n<div class=\"links inline social-buttons-links tokens\" id=\"block-socialsimpleblock\">\n<div class=\"social-buttons\">\n<div class=\"social-buttons-title\">Share this article on</div>\n<ul class=\"links\">\n<li class=\"twitter\"><a data-placement=\"top\" data-popup-height=\"300\" data-popup-width=\"600\" data-toggle=\"tooltip\" href=\"https://twitter.com/intent/tweet/?url=https%3A//portside.org/2024-02-16/donald-trump-ordered-pay-over-350m-new-york-financial-fraud-case&amp;text=Donald%20Trump%20Ordered%20To%20Pay%20Over%20%24350M%20in%20New%20York%20Financial%20Fraud%20Case\" title=\"Twitter\"><i class=\"fa fa-twitter\"></i><span class=\"visually-hidden\">Twitter</span></a></li>\n<li class=\"facebook\"><a data-placement=\"top\" data-popup-height=\"300\" data-popup-width=\"600\" data-toggle=\"tooltip\" href=\"https://www.facebook.com/sharer/sharer.php?u=https%3A//portside.org/2024-02-16/donald-trump-ordered-pay-over-350m-new-york-financial-fraud-case\" title=\"Facebook\"><i class=\"fa fa-facebook\"></i><span class=\"visually-hidden\">Facebook</span></a></li>\n<li class=\"mail\"><a data-popup-open=\"false\" href=\"mailto:?body=%0ADonald%20Trump%20Ordered%20To%20Pay%20Over%20%24350M%20in%20New%20York%20Financial%20Fraud%20Case%0Ahttps%3A//portside.org/2024-02-16/donald-trump-ordered-pay-over-350m-new-york-financial-fraud-case&amp;subject=Donald%20Trump%20Ordered%20To%20Pay%20Over%20%24350M%20in%20New%20York%20Financial%20Fraud%20Case\" title=\"Mail\"><i class=\"fa fa-envelope\"></i><span class=\"visually-hidden\">Mail</span></a></li>\n</ul>\n</div>\n</div>\n<p>\u201cOverall, Donald Trump rarely responded to the questions asked and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial. His refusal to answer the questions directly, or in some cases, at all, severely compromised his credibility,\u201d Engoron wrote.</p>\n<p>In his decision Engoron said the defendants\u2019 \u201cfact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences\u201d adding the defendants \u201ccomplete lack of contrition and remorse borders on pathological\u201d.</p>\n<p>On his social media site Trump attacked the verdict, Engoron and his prosecutors. \u201cThis \u2018decision\u2019 is a Complete and Total SHAM. There were No Victims, No Damages, No Complaints. Only satisfied Banks and Insurance Companies (which made a ton of money), GREAT Financial Statements, that didn\u2019t even include the most valuable Asset \u2013 The TRUMP Brand,\u201d he wrote.</p>\n<p>The decision will make it hard for any Trump family member to run the business in the near future. Trump\u2019s adult sons were each fined $4m.\u00a0<a href=\"https://www.theguardian.com/us-news/eric-trump\">Eric Trump</a>\u00a0acts as the Trump Organization\u2019s chief executive.</p>\n<p>The hefty fine comes on top of an\u00a0<a href=\"https://www.theguardian.com/us-news/2024/jan/26/e-jean-carroll-damages-trump-defamation-trial\">$83.3m judgment</a>\u00a0against the former president in a defamation suit brought by the writer E Jean Carroll. Bloomberg estimates Trump\u2019s net worth at $2.3bn, but it is unclear\u00a0<a href=\"https://www.theguardian.com/us-news/2024/feb/16/how-will-trump-pay-trial-penalties\">how much cash</a>\u00a0Trump has on hand.</p>\n<p>The ruling marks the conclusion of a case that was years in the making. The New York attorney general, Letitia James, has been investigating Trump\u2019s business since 2019. James hailed the ruling as a \u201cmassive victory\u201d. \u201cNo matter how big, how rich, or how powerful you are, no one is above the law. Not even Donald Trump,\u201d\u00a0<a href=\"https://twitter.com/NewYorkStateAG/status/1758602156599369914\">she said.</a></p>\n<p></p><div class=\"snapshot-mini-form tokens\" data-drupal-selector=\"snapshot-mini-form\" id=\"block-portsidelistservnewslettersubscribeminiform\">\n<form accept-charset=\"UTF-8\" action=\"#snapshot-mini-form\" class=\"form-horizontal\" id=\"snapshot-mini-form\" method=\"post\">\n<p class=\"helper-text\">If you like this article, please sign up for Snapshot, Portside's daily summary.</p><div class=\"subscribe-oneline\"><div class=\"row form-group js-form-item form-item js-form-type-email form-type-email js-form-item-email-address form-item-email-address\">\n<label class=\"col-sm-2 control-label js-form-required form-required\" for=\"edit-email-address\">Email</label>\n<div class=\"form--email col-sm-10 col-lg-8\">\n<input aria-required=\"true\" class=\"form-email required form-control input--text\" data-drupal-selector=\"edit-email-address\" id=\"edit-email-address\" maxlength=\"64\" name=\"email_address\" required=\"required\" size=\"64\" type=\"email\" value=\"\"/>\n</div>\n</div>\n<div class=\"form-group\">\n<input class=\"btn-wide button js-form-submit form-submit btn-portside\" data-drupal-selector=\"edit-submit\" id=\"edit-submit\" name=\"op\" type=\"submit\" value=\"Subscribe\"/>\n</div>\n</div><input class=\"form-control input--text\" data-drupal-selector=\"edit-list-name\" name=\"list_name\" type=\"hidden\" value=\"PORTSIDE-SNAPSHOT\"/>\n<p class=\"helper-text\">(One summary e-mail a day, you can <a href=\"https://portside.org/subscribe\">change anytime</a>, and Portside is always free.)</p><input class=\"form-control input--text\" data-drupal-selector=\"edit-honeypot-time\" name=\"honeypot_time\" type=\"hidden\" value=\"8y8OBpLtSrw-wa6sUHjSwsokFB-DIjwaYvj_2UAphdc\"/>\n<input autocomplete=\"off\" class=\"form-control input--text\" data-drupal-selector=\"form-zjxnof-0da15zdehmsjp5-fwmlhz1zc-ikgjycdabfe\" name=\"form_build_id\" type=\"hidden\" value=\"form-ZjXNof_0DA15zdEHmSJP5-fWmlHZ1ZC-IkGjYCDABfE\"/>\n<input class=\"form-control input--text\" data-drupal-selector=\"edit-snapshot-mini-form\" name=\"form_id\" type=\"hidden\" value=\"snapshot_mini_form\"/>\n<div class=\"zip-textfield js-form-wrapper form-wrapper\" style=\"display: none !important;\"><div class=\"row form-group js-form-item form-item js-form-type-textfield form-type-textfield js-form-item-zip form-item-zip\">\n<label class=\"col-sm-2 control-label\" for=\"edit-zip\">Leave this field blank</label>\n<div class=\"form--textfield col-sm-10 col-lg-8\">\n<input autocomplete=\"off\" class=\"form-text form-control input--text\" data-drupal-selector=\"edit-zip\" id=\"edit-zip\" maxlength=\"128\" name=\"zip\" size=\"20\" type=\"text\" value=\"\"/>\n</div>\n</div>\n</div>\n</form>\n</div>\n<p>Trump has denied all wrongdoing and will probably appeal the decision.</p>\n<p>Prosecutors had asked Engoron for a lifetime ban along with a\u00a0<a href=\"https://www.theguardian.com/us-news/2024/jan/05/trump-civil-fraud-new-york-letitia-james\">$370m</a>\u00a0fine, the amount they said Trump had profited after lying about his net worth and receiving lower interest rates from lenders.</p>\n<p>The ruling is a follow-up to a\u00a0<a href=\"https://www.theguardian.com/us-news/2023/sep/26/trump-liable-fraud-new-york\">pre-trial judgment</a>\u00a0Engoron issued in September based on document evidence. Engoron ruled Trump had misrepresented his net worth to lenders and ordered the cancellation of the Trump Organization\u2019s business certificates, essentially ending its ability to continue operation in New York.</p>\n<p>In Friday\u2019s verdict, Engoron overturned his initial ruling, saying that \u201cthe cancellation of the business licenses is no longer necessary\u201d as he is ordering the appointment of two court monitors to oversee \u201cmajor activities that could lead to fraud\u201d.</p>\n<p>The actual trial was held to determine whether Trump would have to pay a fine. Prosecutors had to show Trump and the other defendants, including Trump\u2019s adult sons and former Trump Organization executives\u00a0<a href=\"https://www.theguardian.com/us-news/2023/oct/10/trump-fraud-trial-update-allen-weisselberg-financial-officer-testifies\">Allen Weisselberg</a>\u00a0and Jeff McConney, had acted with intent. Forty witnesses testified during the three-month trial.</p>\n<p>Prosecutors argued that Trump had lied on government financial statements, allowing him to receive more favorable loans from lenders. One of the most striking examples in the case concerned Trump\u2019s triplex apartment in Trump Tower, which records showed was reported to be 30,000 sq ft but is closer to 11,000 sq ft.</p>\n<p>The court also heard that Trump overvalued his Seven Springs estate in Westchester county,\u00a0<a href=\"https://www.theguardian.com/us-news/new-york\">New York</a>, telling lenders that the property had development potential, though local residents had blocked Trump\u2019s plans for the property. Trump also valued multiple rent-stabilized apartments in his Trump Park Avenue condominium at market rates.</p>\n<p>Trump\u2019s team tried to argue that the valuations\u00a0<a href=\"https://www.theguardian.com/us-news/2023/nov/06/donald-trump-expected-to-appear-in-250m-civil-trial-in-new-york\">were \u201cworthless\u201d</a>\u00a0because they contained a clause saying as much, an argument the judge rejected.</p>\n<p>His lawyers also argued that the discrepancies were the fault of outside advisers and accounting errors, though they persisted for years and contradicted outside appraisals the company had received.</p>\n<p>On the stand, Trump argued he could just look at a building and decide its worth. \u201cAll you have to do is look at a picture of the building and say: \u2018That building,\u2019\u201d Trump said, talking about the Trump office building at 40 Wall Street. \u201cYou just look at it and you say: \u2018That\u2019s worth a lot more than $550m.\u2019\u201d</p>\n<p>In determining the size of the fine, Engoron agreed with prosecutors that Trump saved about $168m in interest by inflating the value of assets. Another $126m came from calculating the \u201cill-gotten profits\u201d Trump received from selling the Old Post Office building in Washington DC, which Trump would not have been able to purchase, Engoron said, without using false financial statements.</p>\n<p><em class=\"author-id\">Lauren Aratani is a reporter for Guardian US\u00a0</em></p>\n<h3><em class=\"publisher\"><a href=\"https://www.theguardian.com/email-newsletters\">Sign up for the Guardian's free newsletters</a>. Scroll less and understand more about the subjects you care about with the\u00a0Guardian's\u00a0brilliant email\u00a0newsletters, free to your inbox.</em></h3>\n</div>\n<div>\n<span class=\"hidden\"><a href=\"https://brid.gy/publish/twitter\"></a></span><span class=\"hidden\"><a href=\"https://brid.gy/publish/mastodon\"></a></span><div class=\"node_view\"></div>\n</div>\n<div class=\"tags\">\n<ul class=\"tags\">\n<li class=\"h-category\"><a href=\"https://portside.org/donald-trump\" hreflang=\"en\">Donald Trump</a></li>\n<li class=\"h-category\"><a href=\"https://portside.org/letitia-james\" hreflang=\"en\">Letitia James</a></li>\n</ul>\n</div>\n<div class=\"buttons-article-end\">\n<div class=\"subscribe-article-end\">\n<a class=\"btn btn-primary\" href=\"https://portside.org/subscribe\">Subscribe to Portside</a>\n</div>\n</div>"
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"displayName": "Donald Trump Ordered To Pay Over $350M in New York Financial Fraud Case",
"content": "<div class=\"expanded-article-image-wrapper\">\n<img alt=\"\" class=\"expanded-article-image u-photo img-responsive\" height=\"452\" loading=\"lazy\" src=\"https://portside.org/sites/default/files/styles/large/public/field/image/trumpCivilVerdict-2024-02-16.jpg\" width=\"615\"/>\n</div>\n<div class=\"full-article-text-wrapper\">\n<p>Donald Trump, his eldest sons and associates have been ordered to pay over $350m by a New York judge who found them guilty of intentionally committing financial fraud over the course of a decade.</p>\n<p>\u201cThe frauds found here leap off the page and shock the conscience,\u201d Judge Arthur Engoron wrote in his decision. In a devastating blow for the former president who had built his reputation as a successful real estate developer, Engoron barred Trump and two other executives from serving as officers or directors of any corporation or entity in New York for three years. His sons, Eric and\u00a0<a href=\"https://www.theguardian.com/us-news/donald-trump-jr\">Donald Trump Jr</a>, were banned for two years.</p>\n<p>The three-month hearing was an often heated affair with Trump attacking Engoron in and out of the courtroom. The former president\u2019s decision to take on the judge appeared to backfire.</p>\n<div class=\"links inline social-buttons-links tokens\" id=\"block-socialsimpleblock\">\n<div class=\"social-buttons\">\n<div class=\"social-buttons-title\">Share this article on</div>\n<ul class=\"links\">\n<li class=\"twitter\"><a data-placement=\"top\" data-popup-height=\"300\" data-popup-width=\"600\" data-toggle=\"tooltip\" href=\"https://twitter.com/intent/tweet/?url=https%3A//portside.org/2024-02-16/donald-trump-ordered-pay-over-350m-new-york-financial-fraud-case&amp;text=Donald%20Trump%20Ordered%20To%20Pay%20Over%20%24350M%20in%20New%20York%20Financial%20Fraud%20Case\" title=\"Twitter\"><i class=\"fa fa-twitter\"></i><span class=\"visually-hidden\">Twitter</span></a></li>\n<li class=\"facebook\"><a data-placement=\"top\" data-popup-height=\"300\" data-popup-width=\"600\" data-toggle=\"tooltip\" href=\"https://www.facebook.com/sharer/sharer.php?u=https%3A//portside.org/2024-02-16/donald-trump-ordered-pay-over-350m-new-york-financial-fraud-case\" title=\"Facebook\"><i class=\"fa fa-facebook\"></i><span class=\"visually-hidden\">Facebook</span></a></li>\n<li class=\"mail\"><a data-popup-open=\"false\" href=\"mailto:?body=%0ADonald%20Trump%20Ordered%20To%20Pay%20Over%20%24350M%20in%20New%20York%20Financial%20Fraud%20Case%0Ahttps%3A//portside.org/2024-02-16/donald-trump-ordered-pay-over-350m-new-york-financial-fraud-case&amp;subject=Donald%20Trump%20Ordered%20To%20Pay%20Over%20%24350M%20in%20New%20York%20Financial%20Fraud%20Case\" title=\"Mail\"><i class=\"fa fa-envelope\"></i><span class=\"visually-hidden\">Mail</span></a></li>\n</ul>\n</div>\n</div>\n<p>\u201cOverall, Donald Trump rarely responded to the questions asked and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial. His refusal to answer the questions directly, or in some cases, at all, severely compromised his credibility,\u201d Engoron wrote.</p>\n<p>In his decision Engoron said the defendants\u2019 \u201cfact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences\u201d adding the defendants \u201ccomplete lack of contrition and remorse borders on pathological\u201d.</p>\n<p>On his social media site Trump attacked the verdict, Engoron and his prosecutors. \u201cThis \u2018decision\u2019 is a Complete and Total SHAM. There were No Victims, No Damages, No Complaints. Only satisfied Banks and Insurance Companies (which made a ton of money), GREAT Financial Statements, that didn\u2019t even include the most valuable Asset \u2013 The TRUMP Brand,\u201d he wrote.</p>\n<p>The decision will make it hard for any Trump family member to run the business in the near future. Trump\u2019s adult sons were each fined $4m.\u00a0<a href=\"https://www.theguardian.com/us-news/eric-trump\">Eric Trump</a>\u00a0acts as the Trump Organization\u2019s chief executive.</p>\n<p>The hefty fine comes on top of an\u00a0<a href=\"https://www.theguardian.com/us-news/2024/jan/26/e-jean-carroll-damages-trump-defamation-trial\">$83.3m judgment</a>\u00a0against the former president in a defamation suit brought by the writer E Jean Carroll. Bloomberg estimates Trump\u2019s net worth at $2.3bn, but it is unclear\u00a0<a href=\"https://www.theguardian.com/us-news/2024/feb/16/how-will-trump-pay-trial-penalties\">how much cash</a>\u00a0Trump has on hand.</p>\n<p>The ruling marks the conclusion of a case that was years in the making. The New York attorney general, Letitia James, has been investigating Trump\u2019s business since 2019. James hailed the ruling as a \u201cmassive victory\u201d. \u201cNo matter how big, how rich, or how powerful you are, no one is above the law. Not even Donald Trump,\u201d\u00a0<a href=\"https://twitter.com/NewYorkStateAG/status/1758602156599369914\">she said.</a></p>\n<p></p><div class=\"snapshot-mini-form tokens\" data-drupal-selector=\"snapshot-mini-form\" id=\"block-portsidelistservnewslettersubscribeminiform\">\n<form accept-charset=\"UTF-8\" action=\"#snapshot-mini-form\" class=\"form-horizontal\" id=\"snapshot-mini-form\" method=\"post\">\n<p class=\"helper-text\">If you like this article, please sign up for Snapshot, Portside's daily summary.</p><div class=\"subscribe-oneline\"><div class=\"row form-group js-form-item form-item js-form-type-email form-type-email js-form-item-email-address form-item-email-address\">\n<label class=\"col-sm-2 control-label js-form-required form-required\" for=\"edit-email-address\">Email</label>\n<div class=\"form--email col-sm-10 col-lg-8\">\n<input aria-required=\"true\" class=\"form-email required form-control input--text\" data-drupal-selector=\"edit-email-address\" id=\"edit-email-address\" maxlength=\"64\" name=\"email_address\" required=\"required\" size=\"64\" type=\"email\" value=\"\"/>\n</div>\n</div>\n<div class=\"form-group\">\n<input class=\"btn-wide button js-form-submit form-submit btn-portside\" data-drupal-selector=\"edit-submit\" id=\"edit-submit\" name=\"op\" type=\"submit\" value=\"Subscribe\"/>\n</div>\n</div><input class=\"form-control input--text\" data-drupal-selector=\"edit-list-name\" name=\"list_name\" type=\"hidden\" value=\"PORTSIDE-SNAPSHOT\"/>\n<p class=\"helper-text\">(One summary e-mail a day, you can <a href=\"https://portside.org/subscribe\">change anytime</a>, and Portside is always free.)</p><input class=\"form-control input--text\" data-drupal-selector=\"edit-honeypot-time\" name=\"honeypot_time\" type=\"hidden\" value=\"8y8OBpLtSrw-wa6sUHjSwsokFB-DIjwaYvj_2UAphdc\"/>\n<input autocomplete=\"off\" class=\"form-control input--text\" data-drupal-selector=\"form-zjxnof-0da15zdehmsjp5-fwmlhz1zc-ikgjycdabfe\" name=\"form_build_id\" type=\"hidden\" value=\"form-ZjXNof_0DA15zdEHmSJP5-fWmlHZ1ZC-IkGjYCDABfE\"/>\n<input class=\"form-control input--text\" data-drupal-selector=\"edit-snapshot-mini-form\" name=\"form_id\" type=\"hidden\" value=\"snapshot_mini_form\"/>\n<div class=\"zip-textfield js-form-wrapper form-wrapper\" style=\"display: none !important;\"><div class=\"row form-group js-form-item form-item js-form-type-textfield form-type-textfield js-form-item-zip form-item-zip\">\n<label class=\"col-sm-2 control-label\" for=\"edit-zip\">Leave this field blank</label>\n<div class=\"form--textfield col-sm-10 col-lg-8\">\n<input autocomplete=\"off\" class=\"form-text form-control input--text\" data-drupal-selector=\"edit-zip\" id=\"edit-zip\" maxlength=\"128\" name=\"zip\" size=\"20\" type=\"text\" value=\"\"/>\n</div>\n</div>\n</div>\n</form>\n</div>\n<p>Trump has denied all wrongdoing and will probably appeal the decision.</p>\n<p>Prosecutors had asked Engoron for a lifetime ban along with a\u00a0<a href=\"https://www.theguardian.com/us-news/2024/jan/05/trump-civil-fraud-new-york-letitia-james\">$370m</a>\u00a0fine, the amount they said Trump had profited after lying about his net worth and receiving lower interest rates from lenders.</p>\n<p>The ruling is a follow-up to a\u00a0<a href=\"https://www.theguardian.com/us-news/2023/sep/26/trump-liable-fraud-new-york\">pre-trial judgment</a>\u00a0Engoron issued in September based on document evidence. Engoron ruled Trump had misrepresented his net worth to lenders and ordered the cancellation of the Trump Organization\u2019s business certificates, essentially ending its ability to continue operation in New York.</p>\n<p>In Friday\u2019s verdict, Engoron overturned his initial ruling, saying that \u201cthe cancellation of the business licenses is no longer necessary\u201d as he is ordering the appointment of two court monitors to oversee \u201cmajor activities that could lead to fraud\u201d.</p>\n<p>The actual trial was held to determine whether Trump would have to pay a fine. Prosecutors had to show Trump and the other defendants, including Trump\u2019s adult sons and former Trump Organization executives\u00a0<a href=\"https://www.theguardian.com/us-news/2023/oct/10/trump-fraud-trial-update-allen-weisselberg-financial-officer-testifies\">Allen Weisselberg</a>\u00a0and Jeff McConney, had acted with intent. Forty witnesses testified during the three-month trial.</p>\n<p>Prosecutors argued that Trump had lied on government financial statements, allowing him to receive more favorable loans from lenders. One of the most striking examples in the case concerned Trump\u2019s triplex apartment in Trump Tower, which records showed was reported to be 30,000 sq ft but is closer to 11,000 sq ft.</p>\n<p>The court also heard that Trump overvalued his Seven Springs estate in Westchester county,\u00a0<a href=\"https://www.theguardian.com/us-news/new-york\">New York</a>, telling lenders that the property had development potential, though local residents had blocked Trump\u2019s plans for the property. Trump also valued multiple rent-stabilized apartments in his Trump Park Avenue condominium at market rates.</p>\n<p>Trump\u2019s team tried to argue that the valuations\u00a0<a href=\"https://www.theguardian.com/us-news/2023/nov/06/donald-trump-expected-to-appear-in-250m-civil-trial-in-new-york\">were \u201cworthless\u201d</a>\u00a0because they contained a clause saying as much, an argument the judge rejected.</p>\n<p>His lawyers also argued that the discrepancies were the fault of outside advisers and accounting errors, though they persisted for years and contradicted outside appraisals the company had received.</p>\n<p>On the stand, Trump argued he could just look at a building and decide its worth. \u201cAll you have to do is look at a picture of the building and say: \u2018That building,\u2019\u201d Trump said, talking about the Trump office building at 40 Wall Street. \u201cYou just look at it and you say: \u2018That\u2019s worth a lot more than $550m.\u2019\u201d</p>\n<p>In determining the size of the fine, Engoron agreed with prosecutors that Trump saved about $168m in interest by inflating the value of assets. Another $126m came from calculating the \u201cill-gotten profits\u201d Trump received from selling the Old Post Office building in Washington DC, which Trump would not have been able to purchase, Engoron said, without using false financial statements.</p>\n<p><em class=\"author-id\">Lauren Aratani is a reporter for Guardian US\u00a0</em></p>\n<h3><em class=\"publisher\"><a href=\"https://www.theguardian.com/email-newsletters\">Sign up for the Guardian's free newsletters</a>. Scroll less and understand more about the subjects you care about with the\u00a0Guardian's\u00a0brilliant email\u00a0newsletters, free to your inbox.</em></h3>\n</div>\n<div>\n<span class=\"hidden\"><a href=\"https://brid.gy/publish/twitter\"></a></span><span class=\"hidden\"><a href=\"https://brid.gy/publish/mastodon\"></a></span><div class=\"node_view\"></div>\n</div>\n<div class=\"tags\">\n<ul class=\"tags\">\n<li class=\"h-category\"><a href=\"https://portside.org/donald-trump\" hreflang=\"en\">Donald Trump</a></li>\n<li class=\"h-category\"><a href=\"https://portside.org/letitia-james\" hreflang=\"en\">Letitia James</a></li>\n</ul>\n</div>\n<div class=\"buttons-article-end\">\n<div class=\"subscribe-article-end\">\n<a class=\"btn btn-primary\" href=\"https://portside.org/subscribe\">Subscribe to Portside</a>\n</div>\n</div>",
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I 2024-02-17 05:25:05.387850+00:00 no refresh_token
I 2024-02-17 05:25:05.422981+00:00 requests.get https://portside.org/sites/default/files/styles/large/public/field/image/trumpCivilVerdict-2024-02-16.jpg {}
I 2024-02-17 05:25:05.955817+00:00 Received 200
I 2024-02-17 05:25:05.956144+00:00 requests.post https://portside.social/api/v1/media {'files': {'file': <urllib3.response.HTTPResponse object at 0x3ef7f004caf0>}, 'data': {}, 'headers': {'Authorization': '...'}}
I 2024-02-17 05:25:06.861204+00:00 Received 200
I 2024-02-17 05:25:06.863515+00:00 Got: {'id': '111945155007780033', 'type': 'image', 'url': 'https://portside.social/system/media_attachments/files/111/945/155/007/780/033/original/65dbafe9d786d017.jpeg', 'preview_url': 'https://portside.social/system/media_attachments/files/111/945/155/007/780/033/small/65dbafe9d786d017.jpeg', 'remote_url': None, 'preview_remote_url': None, 'text_url': None, 'meta': {'original': {'width': 615, 'height': 452, 'size': '615x452', 'aspect': 1.3606194690265487}, 'small': {'width': 560, 'height': 412, 'size': '560x412', 'aspect': 1.3592233009708738}}, 'description': None, 'blurhash': 'UQG8THoa9^%M~URjWERkbvofxENH%1xuxuWA'}
I 2024-02-17 05:25:06.865726+00:00 requests.post https://portside.social/api/v1/statuses {'json': {'status': 'Donald Trump Ordered To Pay Over $350M in New York Financial Fraud Case: https://portside.org/2024-02-16/donald-trump-ordered-pay-over-350m-new-york-financial-fraud-case', 'media_ids': ['111945155007780033']}, 'headers': {'Authorization': '...'}}
I 2024-02-17 05:25:07.192149+00:00 Received 200
I 2024-02-17 05:25:07.194697+00:00 Returning {
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