Trump to Pay $350 Million in Penalties

Donald Trump must pay $354.9 million in penalties for allegedly overstating his net worth to lenders, Judge Arthur Engoron ruled on February 16.

Before the case even began, Engoron found Trump guilty of fraud based on financial statements and communications. As such, the past three months have centered around how big the fine should be.

  • Interest is to be applied to the $354.9 million, bringing the figure to approximately $450 million.
  • Trump and his companies are banned from applying for loans from any New York financial institutions for three years.
  • Trump is banned from serving as an officer or director of any New York corporation for three years.
  • His sons, Donald Trump Jr. and Eric Trump, will be fined $4 million each.

Democrats celebrate: Letitia James, New York attorney general and initiator of the case, told reporters, “Justice has been served.” She called the ruling “a tremendous victory for this state, this nation and for everyone who believes that we all must play by the same rules—even former presidents.”

Trump’s response: Trump differed, saying, “This ‘decision’ is a complete and total sham.” He added, “We cannot let injustice stand.”

Trump has 30 days to appeal the penalty. From there, he will either have to pay the funds in full or secure a bond. All this comes on the heels of an $83.3 million fine from a separate case and other smaller charges.

After announcing his candidacy for the 2024 presidential election, Trump said, “We will be attacked. We will be slandered. We will be persecuted. … But we will not be intimidated. We will persevere. We will stand tall in the storm.”

The Trumpet says: Donald Trump will confidently persevere through persecution. In his book America Under Attack, Trumpet editor in chief Gerald Flurry writes, “[P]rophecy says Trump will return.”

Learn more: Read “War in ’24.”