Donald Trump Brutally Mocked With 'Going Out of Business' Sign

Anti-Donald Trump protesters mocked the former president by saying he is set to go out of business.

Signs saying "everything must go," "loser" and "going out of business" were paraded by dozens of people outside Trump Tower in New York. There were also accompanying chants of "we got 'em" when referring to various items people joked were up for sale, including the tower's famous golden escalator.

Protesters gathered after a New York judge ordered he must pay $354.9 million in penalties after being found liable for business fraud. New York Attorney General Letitia James brought a suit that said Trump and his two adult sons, Donald Jr. and Eric, The Trump Organization and two firm executives, Allen Weisselberg and Jeff McConney, fraudulently overstated the value of assets to deceive lenders.

Donald Jr. and Eric must pay $4 million each and are barred from doing business in New York for two years. Weisselberg was ordered to pay $1 million. The Trump Organization is prevented from applying for loans in New York for three years.

Donald Trump
Donald Trump leaves Trump Tower on January 22, 2024. Protesters held placards outside the tower on February 17 after Trump was ordered to pay over $350 million by a judge after being found liable for... Charly TRIBALLEAU/AFP via Getty Images

Trump was banned from taking out bank loans in New York and serving as a company director for three years.

Newsweek approached a Trump spokesperson for comment via email outside of normal working hours.

The Trump Tower is a well-known part of the Manhattan skyline and Trump's former main residence. The 45th president now has 30 days from the entry of the judgment to pay the fine ordered by Manhattan Supreme Court Justice Arthur Engoron.

Selling some of his famous properties could be a way of funding the fine, according to a Trump biographer.

Tim O'Brien, who wrote the 2005 biography TrumpNation: The Art of Being The Donald, said on MSNBC's Velshi: "If he sells urban skyscrapers in post-COVID cities where the occupancy rates are low, tenants have been fleeing, the values have been degraded because of that, it's gonna to be something of a fire sale."

O'Brien added: "Other developers are gonna know he needs to sell it, he won't get top price. He's also always loathed to part with his toys and I think that's also going to be stressful."

James said Trump will end up paying more than $450 million overall.

"Donald Trump and the other defendants are ordered to pay more than $450 million in total, which represents $363.8 million in disgorgement and pre-judgment interest," she said in a statement.

"This is 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 and the other defendants have always denied any wrongdoing and Trump has said the suit is politically motivated. His legal team said they will appeal the decision.

Attorney Christopher Kise told Newsweek that Trump "remains confident the Appellate Division will ultimately correct the innumerable and catastrophic errors made by a trial court untethered to the law or to reality."

Kise said it wasn't yet clear when Trump's challenge will be filed, but that it will be within 30 days of the judgement, per court requirements.

Trump expressed his anger at the ruling, railing against Engoron in a post on his Truth Social media platform.

He said: "A Crooked New York State Judge, working with a totally Corrupt Attorney General who ran on the basis of 'I will get Trump,' before knowing anything about me or my company, has just fined me $355 Million based on nothing other than having built a GREAT COMPANY. ELECTION INTERFERENCE. WITCH HUNT."

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Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

About the writer


Benjamin Lynch is a Newsweek reporter based in London, U.K. His focus is U.S. politics and national affairs and he ... Read more

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