In a landmark ruling, a New York judge has dealt a significant blow to former US President Donald Trump and his business empire. Judge Arthur Engoron ordered Trump and his companies to pay a whopping $355 million in penalties for engaging in a years-long scheme to deceive banks and other entities by inflating his wealth on financial statements.
The ruling represents a stunning setback for Trump, who has vehemently denied any wrongdoing and vowed to appeal the decision. Alongside the financial penalties, Trump has been barred from serving as an officer or director of any New York corporation for three years and from obtaining loans from banks registered in the state.
Trump’s sons, Donald Trump Jr. and Eric Trump, who hold executive positions in the Trump Organization, were also ordered to pay $4 million each in penalties.
The case, brought forth by New York Attorney General Letitia James, has been portrayed by Trump and his legal team as politically motivated. However, Judge Engoron’s decision underscores the seriousness of the allegations and the potential consequences for Trump’s future legal battles and political ambitions.
The ruling adds to Trump’s mounting legal challenges, including impending criminal trials and investigations, as he navigates a complex legal landscape while maintaining aspirations for a political comeback. Despite the setback, Trump remains defiant and determined to fight the verdict through the appeals process.
#donaldtrump #letitiajames #america #uselection #uselections2024 #trumplatestnews #worldnews
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