A New York judge named Arthur Engoron has instructed former American President Donald Trump to pay $463.9 million. This decision came as a result of a lawsuit filed against Trump’s organization by New York’s Attorney General, Letitia James, alleging civil fraud. It is claimed that Trump boosted his wealth to obtain larger bank loans in New York within a span of three years.
Donald Trump has accused Judge Arthur Engoron of corruption after Trump and his organizations were instructed to pay a hefty fine of $354 million, plus pre-judgment interest, totaling $463.9 million for civil fraud.
Following a three-year investigation, Attorney General James filed a lawsuit in September 2022 against Donald Trump, Donald Trump Jr., Eric Trump, and other executives, alleging years of financial fraud and illegal behavior.
Trump intends to appeal the ruling, claiming it’s a witch hunt to divert attention from the 2024 Elections. Judge Arthur Engoron’s 92-page court order imposes restrictions on Trump’s organization, prohibiting Eric Trump and Donald Trump Jr. from serving as officers or directors of any New York entity for two years.
The order also bars recently convicted Allen Weisselberg, Trump’s former chief financial officer, and Jeffrey McConney, former corporate controller, from holding officer or director positions in any New York entity for three years, and prevents them from assuming financial control roles in any New York corporation.
Additionally, Donald Trump’s two sons must each pay a $4 million penalty, while Allen Weisselberg faces a $1 million penalty.
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New York Attorney General Letitia James gave credit to the ruling by judge Arthur, stating that nobody is above the law and the same rules should apply to the rich and poor. One of Donald Trumps lawyer Alina Habba on the other hand saw this verdict as a weak judgment which might scare of potential business future endeavors in New York state.
Donald trumps lawyers stated that they have been expecting defeat for the longest time prior to the judgement by judge Arthur and they already prepared themselves for an appeal, forging business records and
Donald trump and his organization are suspected to inflate property values, insurance fraud, and five (5) other counts.
New York Attorney General Letitia James praised Judge Arthur’s ruling, emphasizing that nobody is exempt from the law and that it should apply equally to both the wealthy and the less privileged. However, one of Donald Trump’s lawyers, Alina Habba, viewed the verdict as a weak judgment that could deter future business ventures in New York State.
Trump’s legal team expressed their anticipation of defeat well before Judge Arthur’s ruling and had already prepared for an appeal, including forging business records.
Donald Trump and his organization face suspicions of inflating property values, committing insurance fraud, and five other counts.
$364,000,000.00 Judgment Against Trump!
— Brian Krassenstein (@krassenstein) February 16, 2024
Judge Engoron has just announced the total fine in the Trump New York Fraud case to be a staggering $364 Million and a 3 Year ban on Real Estate in New York.
New York Attorney General Letitia James had asked the judge to fine Mr Trump… pic.twitter.com/E2Lv0CPvC3
