Connect with us

Featured

Judge Orders Trump To Pay $364 Million, Strips Business Licenses

Published

on

Verdict on Donald Trump

Judge Engoron issued his long-awaited ruling today.

After conducting an 11-week trial of Trump Org on a case where the New York Attorney General alleged that Donald Trump engaged in a pattern of fraudulent business practices over the court over course of many year, Judge Engoron ordered Trump to pay a massive $372 million in total fines. Trump was also stripped of his business certificates in the State of New York, which makes it virtually impossible for him to continue to conduct business in the state.

The AG also asked Judge Engoron to ban Donald Trump, Jr. and Eric Trump from conducting business in NY for 3 years. Engoron declined to grant that request, finding that there was insufficient proof presented at trial to show that they were aware of their father’s fraudulent schemes.

Engoron had previously found Trump liable on some of the counts and stripped him of his business licenses on those. Trump appealed that case and any punishment was stayed by the court until the appeal is resolved. That is expected to happen now with this fine and suspension on the remaining counts.

Judge Engoron ruled that Trump repeatedly inflated his assets on his financial statements to banks in order to secure favorable financing, often making up numbers in his own head rather than rely on third-party appraisals. Trump’s legal team, led by Alina Habba and Chris Kise, argued that Trump included disclaimer language in these statements that rendered the statements “worthless.” Judge Engoron did not agree, ruling that Trump still had a duty to make good faith financial disclosures and adding a disclaimer clause doesn’t absolve that responsibility.

See also  Train Collision Claims 15 Lives, Dozens Injured

For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest from DDM TV

Latest Updates

Nigerian govt to absorb 28,000 health workers affected by USAID funding freeze

Lassa fever outbreak: NCDC confirms 70 deaths, 358 cases across 10 states

Orashi Project: Emulate Owerri, Port-Harcourt, Lagos, Abuja; Opiah tells Community Leaders in Imo

Controversial spiritualist Onye Eze Jesus arrested

Canada’s ties with Nigeria remain strong despite visa denial – Shehu Sani

Boko Haram/ISWAP attack Nigerian Army base, kill 3 soldiers, steal gun trucks

Imo State Electricity Regulatory Commission set to sanitize  Sector

Kenya’s Kibet wins 2025 Lagos City Marathon

Federal University of Allied Health Sciences Enugu resumes academic activities with dual certification programme

Police arrest suspect after missing student found dismembered in Ilorin

Subscribe to DDM Newsletter for Latest News

Get Notifications from DDM News Yes please No thanks