Donald Trump faced a significant setback in his civil business fraud trial in New York as the judge ordered him to pay approximately $355 million in fines.
Judge Arthur Engoron found Trump guilty of conspiring to manipulate his net worth in a ruling on Friday.
Furthermore, the judge prohibited Trump from holding top positions at any New York company for 3 years, including the Trump Organization.
Prosecutors had sought a $370 million fine, accusing Trump, Donald Trump Jr., and Eric Trump of repeatedly falsifying financial statements and business records as part of persistent fraud.
It is expected that Trump will appeal the fine, which could potentially increase to $400 million with interest.
Just last month, a New York jury ruled that Trump should pay $83.3 million for defaming E. Jean Carroll while denying her sexual assault allegation.
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It is anticipated that Trump will criticize the ruling on social media in response.
FAQ
1. What is the verdict of Donald Trump’s civil business fraud trial in New York?
The judge ordered Trump to pay approximately $355 million in fines and barred him from serving in top roles at any New York company, including the Trump Organization, for 3 years.
2. What were the allegations against Donald Trump, Donald Trump Jr., and Eric Trump?
They were accused of falsifying financial statements and business records as part of repeated and persistent fraud, with prosecutors seeking a $370 million fine.
3. How much is Donald Trump expected to appeal the fine to?
Trump is expected to appeal the fine, which could potentially increase to $400 million with interest.
Conclusion
Donald Trump has been ordered to pay a substantial amount in fines and has been barred from holding top positions at New York companies for several years as a result of the verdict in his civil business fraud trial. The case has been highly publicized and is likely to continue to make headlines as it unfolds.