A New York judge orders former President Donald Trump to pay $355 million and cease running any businesses in the state for three years as punishment for fraudulently inflating his net worth to obtain favorable treatment from banks and other lenders. Additional penalties against Trump’s two adult sons and an associate brought the total in the civil case to $364 million.
Trump, who built his reputation as a real estate titan, also was barred from serving as an officer or director of any New York corporation for three years.
The crushing penalty — which may top $400 million once interest is factored in — could cost Trump all of his available cash. But because most of his wealth is tied up in real estate, it would not leave him bankrupt.
Last month, Trump was fined $83 Million for defaming woman he sexually assaulted. This month Trump’s fined $355 million for committing fraud for virtually his entire business career.
Engoron’s harsh punishment will hit Trump where it hurts — in the pocketbook and in public perceptions of his business acumen. But a drawn-out appeals process could dull any immediate effect.
In NY hush money to a porn star case, the judge ruled in 2 minutes that the Trump objections weren’t based on the law and the trial will begin on March 25.
In Georgia, the hearing as a result of Trump lawyers attempt to disqualify DA Fani Willis is into its 2nd day. It’s a pretty salacious hearing which fits in with Trump but appears that the Trump team is not proving that DA Willis got a financial gain.
Hard to keep up with the Trump court cases without a scorecard.
Republicans continue to support this corrupt, terrible man.