Connect with us


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



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  EFCC to arraign Ex-Governor today, despite resisting arrest, fleeing

For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: 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Your email address will not be published.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 Updates

US President signs law to ban Tiktok

EFCC withdraws appeal against Yahaya Bello

UK university offers £33k scholarships, £4k flight allowances to Nigerians, others

BREAKING: Nigerian Government Suspends Dana Air Over Safety Concerns

Eating catfish as a taboo in Nigerian communities (Part 1)

Naira exchange rate for Wednesday, April 24, 2024, in Nigeria

Google sacks over 50 workers for protesting against deal with Israel

Labour Party sacks State Chairman, Lincoln Charles, after 13 years

“I will resign if I do not see the Yahaya Bello case through to the end” – EFCC Chairman (VIDEO)

HURIWA implores Nigerian Governor to end banditry, rape by armed herdsmen

Subscribe to DDM Newsletter for Latest News