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The $355 million penalty that a New York judge ordered Donald J. Trump to pay in his civil fraud trial might seem steep in a case with no victim calling for redress and no star witness pointing the finger at Mr. Trump. But a little-known 70-year-old state law made the punishment possible.

The law, often referred to by its shorthand, 63(12), which stems from its place in New Yorks rule book, is a regulatory bazooka for the states attorney general, Letitia James. Her office has used it to aim at a wide range of corporate giants: the oil company Exxon Mobil, the tobacco brand Juul and the pharma executive Martin Shkreli.

On Friday, the law enabled Ms. James to win an enormous victory against Mr. Trump. Along with the financial penalty, the judge barred Mr. Trump from running a business in New York for three years. His adult sons were barred for two years.

The judge also ordered a monitor, Barbara Jones, to assume more power over Mr. Trumps company, and asked her to appoint an independent executive to report to her from within the company.

A lawyer for Mr. Trump, Christopher M. Kise, reacted with fury, saying the sobering future consequences of this tyrannical abuse of power do not just impact President Trump.

When a court willingly allows a reckless government official to meddle in the lawful, private and profitable affairs of any citizen based on political bias, Americas economic prosperity and way of life are at extreme risk of extinction, he said.

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Trump's Harsh Punishment Was Made Possible by This New York Law - The New York Times