A judge has banned former President Donald Trump from doing business in New York for three years.
Fox News reports that this is part of Judge Arthur Engoron's ruling in the civil fraud case that New York Attorney General Letitia James (D) brought against Trump.
After campaigning on a promise to "get Trump," James accused Trump of having inflated his assets on bank loan documents.
Engoron, who has been described as a "clubhouse Democrat," previously found Trump guilty of fraud, and, on Friday, he issued his ruling in the case.
CNBC reports that Engoron has ordered Trump to pay over $450 million in "total penalties."
Per the outlet:
A New York judge on Friday ordered Donald Trump to pay about $454 million in total penalties as part of his ruling in the former president’s civil business fraud trial. The staggering figure includes about $355 million in disgorgement, a term for returning ill-gotten gains, plus more than $98 million in prejudgment interest that will accrue every day until it is paid, according to a spokesperson for the attorney general’s office.
In addition to this, Trump has been banned from operating a business in the state of New York for three years, and he has been barred from applying for a loan in New York for two years.
Other aspects of Engoron's ruling apply to some of Trump's family members and associates.
Donald Trump Jr. and Eric Trump, for example, have been barred from serving as an officer or director of any New York corporation or legal entity for two years. And, former Trump Organization CFO Allen Weisselberg has been permanently barred from holding certain positions in New York companies.
Both Trump and his legal team have released statements criticizing Engoron's ruling.
"This is Russia, this is China, this is the same game, all comes out of the DOJ. It all comes out of Biden. It’s a witch-hunt against his political opponent, the likes of which our country has never seen before, you see it in third world countries, banana republics, but you don’t see it here," Trump said.
Trump further described Engoron and James as "corrupt." "These are radical left Democrats, they are lunatics, and it’s election interference," he said.
Trump has made it clear that he will appeal Engoron's ruling.
Legal experts do believe that Trump will be able to get Engoron's ruling overturned - provided that he can get away from courts like Engoron's, where there is a heavy Democrat bias.
