Judge Arthur Engoron on Friday released his verdict in Letitia James' New York City fraud trial against President Trump.

The judge made his decision in a 92-page filing.

Judge Engoron ordered Trump to pay more than a $355 million fine and barred Trump "from serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years."

Engoron claimed Trump and each of the defendants "participated in aiding and abetting the conspiracy to commit insurance fraud by their individual acts in falsifying business records and valuations, causing materially fraudulent SFCs to be intentionally submitted to insurance companies."

"DISGORGEMENT OF ILL-GOTTEN GAINS"

"[W]here, as here, there is a claim based on fraudulent activity, disgorgement may be available as an equitable remedy, notwithstanding the absence of loss to individuals or independent claims for restitution. Disgorgement is distinct from the remedy of restitution because it focuses on the gain to the wrongdoer as opposed to the loss to the victim. Thus, disgorgement aims to deter wrongdoing by preventing the wrongdoer from retaining ill-gotten gains from fraudulent conduct. Accordingly, the remedy of disgorgement does not require a showing or allegation of direct losses to consumers or the public; the source of the ill-gotten gains is "immaterial," Engoron wrote.

"As detailed in the Findings of Fact, there is overwhelming evidence that each of these defendants made or participated in making a false statement in the business records of an enterprise, the Trump Organization, with the intent to defraud," Engoron wrote in the filing reviewed by The Gateway Pundit.