Former President Donald Trump Ordered to Pay $355 Million and Barred From New York Business

0 0
Read Time:49 Second

In a significant legal development, the New York court has dealt a substantial blow to former President Donald Trump. Judge Arthur Engoron ruled that Trump must pay approximately $355 million in fines for civil business fraud.

The judgment also imposes a three-year ban on Trump serving as an officer or director of any New York company, including the Trump Organization.

Prosecutors had accused Trump and his sons, Donald Trump Jr. and Eric Trump, of repeatedly falsifying financial statements and business records. Their actions were deemed fraudulent, leading to this severe penalty. Trump is likely to appeal the fine, which could potentially increase to $400 million with interest.

This ruling follows a recent $83.3 million defamation damages verdict against Trump in a Manhattan federal court. His overvaluation of assets, including properties like Mar-a-Lago and Trump Tower, played a central role in this case.

As the legal battle continues, we can expect Trump’s reaction to reverberate across social media platforms.

About Post Author

Danny Freeman

Danny Freeman is a correspondent for usnewsdaily , based in Philadelphia. The Emmy Award-winning reporter joined usnewsdaily in 2023 from NBC10 in Philadelphia.While at NBC10, Freeman worked as an Investigative Reporter focused on campaign finance, environmental issues, and police accountability.Freeman returned to the East Coast after working as a political reporter for NBC 7 in San Diego, where he hosted “Politically Speaking,” the station’s weekly public affairs show. Prior to that, he was a reporter at KGET-17 News, the NBC affiliate in Bakersfield, California.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Comment