First, the penalties on Don Jr. and Eric Trump are arguably even MORE devastating for them.
Both Don Jr. and Eric Trump are young and both men are currently overseeing Trump Organization day to day. On the contrary, as a 77-year old, Trump’s involvement in the company has reportedly been limited in recent years.
This ruling has essentially left Don Jr. and Eric Trump unemployed.
Second, the fact that
Donald Trump and the Trump Organization are both banned from applying for loans from any New York-chartered financial institutions for 3 years makes it incredibly hard for Trump to actually afford the judgment.
Together with the E. Jean Carroll verdict, Trump is now responsible for almost $450 MILLION in penalties - an amount that would wipe out nearly every penny of cash he reportedly has.
Engoron did not hold back with his words in this decision:
“The defendants’) complete lack of contrition and remorse borders on pathological.”
One thing is clear, Judge Engoron’s ruling upholds the integrity of the financial marketplace - and finally holds Trump accountable for his many lies.