Elon Musk slams NY court ordering President Trump to pay $354 million: ‘No victims with losses, who is supposed to receive the money?’

"Given that there were no victims with losses, who is supposed to receive the money," Musk wrote in response to a tweet by Charlie Kirk summing up the payments ordered by Engoron.

Trump and his businesses were ordered to pay around $354 million. Trump sons Don Jr and Eric were ordered to pay $4 million each. Allen Weisselberg was ordered to pay $1 million.

In addition, Engoron's ruling prohibits 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."

James argued in the case that Trump inflated the value of his business entities in the city with real estate pricing and alleged he engaged in a pattern of "repeated and persistent fraud."

The case, however, according to an Associated Press analysis is unprecedented in 70 years of case history.

The outlet stated in a report that “taking away Trump's business empire would stand alone under New York fraud law."

Only 12 other cases in the 70-year span of case history the report analyzed had similar punishments levied against a fraudulent business entity. In addition, each of these cases had a victim of fraud who lost money. In the case of Trump, there were no victims, banks were paid back loans, and nobody took on losses.