Trump Fined $355 Million for New York Civil Fraud

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On Friday, a judge in New York issued an order that former President of the United States Donald Trump and the Trump Organization must pay a punishment of about 355 million United States dollars in connection with a civil fraud lawsuit.

The judgment, which was ninety pages long, stated that Trump has been prohibited from serving as a director of a firm in the state of New York for a period of three years. Additionally, his sons, Donald Trump Jr. and Eric Trump, have requested that they each pay a fine of four million United States dollars. They are not permitted to serve in the capacity of directors for a period of two years.Former President of the United States Donald Trump has referred to the investigation as a “political witch hunt” and a “fraud on me.” After a trial that lasted for several months in 2023, Judge Arthur Engoron made his verdict barely a few weeks after the conclusion of the closing arguments in the case.

Trump Fined $355 Million for New York Civil Fraud
Trump Fined $355 Million for New York Civil Fraud

In response to a request from the attorney general’s office, the judge was instructed to propose that Donald Trump pay 370 million dollars, which is 16 million dollars less than the judge had ordered.

Allen Weisselberg, who had previously served as Chief Financial Officer, was forced to pay one million dollars. In accordance with the order, Weisselberg was also prohibited from conducting business in New York for a period of three years.

Additionally, Weisselberg and Jeffrey McConney, who had previously served as the controller of the company, were prohibited from ever again working “in the financial control function” of any New York corporation or commercial organization for the rest of their lives.

The judge stated that the independent monitor that he had appointed to oversee Trump’s business would continue to function for a period of three years, with the exception of the establishment of a “Independent Director of Compliance.”

Nevertheless, the judge overturned the decision that had been made prior to the trial, which had ordered the cancellation of the business certificates held by the defendants. In spite of the fact that the judge implied that the injunction could be renewed.

Alina Habba, the attorney for Donald Trump, issued a statement to The Hill in which she referred to the verdict as a “manifest injustice” and the result of a “multi-year, politically fueled witch hunt that was designed to ‘take down Donald Trump.'”

Trump Fined $355 Million for New York Civil Fraud
Trump Fined $355 Million for New York Civil Fraud

There were forty witnesses who testified during the trial of the lawsuit, which lasted for more than two months and included the former President of the United States of America himself, top executives of the Trump Organization, and Trump’s adult children, according to a story from The Hill. The testimony was frequently contentious.

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The judgment of USD 354.8 million and another USD 83.3 million against Trump for defaming writer E Jean Carroll after he denied her accusation that he sexually assaulted her decades earlier might deal a significant blow to Trump’s financial situation. Both of these judgments were handed down in response to the allegations that Carroll made against him.

Following the conclusion of a trial that took place in January, Donald Trump and his two adult sons were found to be responsible for the enormous increase in the value of their properties that amounted to hundreds of millions of dollars respectively. On the other hand, Trump and his sons have denied any misconduct in the matter.

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