Judge Orders Trump to Pay $350M+ for ‘False Financial Data’ Scheme

Former President Donald Trump has been ordered to pay over $350 million in penalties and interest following a civil fraud trial. 

New York Supreme Court Justice Arthur Engoron has handed down a number of penalties, which include prohibiting Trump and his adult sons from holding high-ranking positions in state companies for several years. 

Trump faces charges in four criminal cases, with one scheduled for trial in Manhattan next month. Juries have ordered him to pay nearly $90 million to a writer who sued him for defamation. 

Trump is currently involved in legal battles to remain on certain states’ ballots for the upcoming presidential election as he aims for reelection. 

This most recent legal and financial setback provides to Trump’s issues, as he faces criminal charges in four cases and is also contesting court orders to remain on certain states’ ballots for the upcoming presidential election. 

Trump has consistently denied any wrongdoing in the case and has accused James of having political motives. The final count is likely to increase, as Engoron’s ruling also mandated payment of interest.

The trial involving Donald Trump Jr. and Eric Trump, who took part in the Trump Tower case, has been delayed for more than a month. The trial was conducted to establish whether any illegal conduct took place during the fraud and what repercussions should be implemented.

Read Next: North Korea Hacks South Korean President’s Aide’s Personal Emails Ahead of UK State Visit

Trump’s Legal Woes in New York

judge-order-trump-pay-$350M-false-financial-data-scheme
Former President Donald Trump has been ordered to pay over $350 million in penalties and interest following a civil fraud trial.

The decision faced criticism from an attorney representing the two individuals, who described it as “a serious injustice.” 

Trump and two former top financial officials were also prohibited from serving as directors or officers for any New York corporation for two years. 

They were also issued lifetime bans from employment in the financial control function of any New York company. 

Trump and his company faced a three-year ban on applying for loans from financial institutions in New York.

Engoron made the decision to appoint an independent director of compliance and selected former federal judge Barbara Jones to continue in her position for a minimum of three years. 

The trial seemed to greatly upset Trump, who had been present at the trial on several occasions, often criticizing the case in front of journalists and cameras. 

Engoron was not impressed with Trump’s performance on the stand, noting his tendency to avoid answering questions directly and instead going off on tangents about unrelated topics. 

The defense and defendants in the case were criticized for submitting false financial data to accountants, resulting in flawed financial statements.

Read Next: White House Warns: China Research Risk Poses American Threat as COVID Variant Kills 100% Humanized Mice

About the author

Author description olor sit amet, consectetur adipiscing elit. Sed pulvinar ligula augue, quis bibendum tellus scelerisque venenatis. Pellentesque porta nisi mi. In hac habitasse platea dictumst. Etiam risus elit, molestie 

Leave a Comment