Skip to main content

Judge Engoron's ruling: What will it mean for Trump's businesses?

·1 min

A significant judgment of $355 million has been imposed in the civil fraud trial against former President Donald Trump, his sons, and the Trump Organization. The ruling prohibits Trump and his sons from holding officer or director roles at their New York-based businesses for a specific period. They are also banned from borrowing money from financial institutions in New York for three years. The ruling appoints an independent monitor and compliance director to oversee the Trump Organization. Trump is expected to appeal the judgment, but the ruling’s governance requirements make the injunction more likely to survive appeal. The total amount Trump and his companies must pay, including interest, may exceed $450 million. Trump may need to keep the funds in escrow during the appeals process. However, he faces another significant verdict in a separate civil trial.