Donald Trump has scored another major legal “L” in the fraud case brought against him by New York State Attorney General Letitia James.
The former president was hit with a hefty payout of more than $300 million in damages as well as additional consequences that may disrupt his business empire.
Donald Trump Gets Nearly $370 Million in Damages for Fraud Case
On Friday, a New York judge ordered Trump Sr to pay nearly $354 million in damages after finding the former president, his company and his two children engaged in fraudulent business practices.
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In addition to the judgments imposed on the other co-defendants, total damages to be paid totaled $362 million. In addition to the heavy penalty, Judge Arthur Engoron declared that the 44th President of the United States could not conduct business in the state of New York for three years or obtain loans.
His sons, Donald Jr. Trump and Eric Trump, received the same fate and were banned from serving in any business in the Empire State for two years. They were also ordered to pay a fine of more than $4 million each. During his sentencing, Judge Engoron slammed Trump and his business executives for refusing to admit their crime of exaggerating the value of financial documents to take out huge loans from banks.
“Their lack of remorse and remorse is borderline pathological,” Engoron said of the disgraced politician before adding, “The defendants are incapable of admitting their mistakes.”
Remember that in 2022, New York AG James filed a civil fraud lawsuit against Trump, his company and his two children. He claims that the Trumps engaged in a fraudulent scheme over 10 years that benefited their company up to $250 million.
Despite the consequences of today’s judgment, Trump’s political ambitions to be the primary GOP presidential candidate for the 2024 election remain intact. In addition, The New York Times revealed that the entrepreneur plans to appeal the judgment but in the meantime, he has to come up with the money or get a bond within 30 days.
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Source: thtrangdai.edu.vn/en/
