Damages incurred: $0
Penalty assessed: $354 million
This judge is no good at math.
The amount of the “fine” was the “discerned profit” that Trump earned from receiving lower interest rates by inflating his net worth and his ability to repay the loan if it went bad. In other words, it was the “clawing back” or disgorgement of profits in the difference of interest rates he received against what a “normal” borrower would have received. By statute, or at least the judge’s interpretation, no loss by the bank is necessary. It was Trump’s loan “application” that was faulty. The bank didn’t need to even take it, the alleged false info, into consideration.