{"id":140863,"date":"2024-02-17T11:11:54","date_gmt":"2024-02-17T05:41:54","guid":{"rendered":"https:\/\/digpu.com\/?p=140863"},"modified":"2024-02-17T11:12:21","modified_gmt":"2024-02-17T05:42:21","slug":"trump-slapped-with-354-9-million-fine-banned-from-ny-business-for-3-years","status":"publish","type":"post","link":"https:\/\/digpu.com\/world-news\/trump-slapped-with-354-9-million-fine-banned-from-ny-business-for-3-years","title":{"rendered":"Trump Slapped with $354.9 Million Fine, Banned from NY Business for 3 Years"},"content":{"rendered":"\n
New York: <\/strong>In a significant blow to former President Donald Trump’s real estate empire, a New York judge has ordered him to pay a staggering $354.9 million in penalties for fraudulent practices. The ruling, handed down by Justice Arthur Engoron, comes as a result of Trump’s alleged overstatement of his net worth to deceive lenders, marking another legal setback for the embattled ex-president.<\/p>\n\n\n\n Engoron’s ruling also includes a three-year ban on Trump<\/a> from serving as an officer or director of any New York corporation, further limiting his involvement in the state’s business landscape. The decision stems from a civil case brought forward by New York Attorney General Letitia James, accusing Trump and his family businesses of inflating his net worth by as much as $3.6 billion annually over a decade to secure better loan terms from banks.<\/p>\n\n\n\n Despite Trump’s vehement denial of any wrongdoing, Engoron’s scathing critique of Trump’s behavior during the trial, including his refusal to answer questions directly and his penchant for veering off-topic, severely undermined his credibility in the eyes of the court.<\/p>\n\n\n\n The trial, which spanned over three months in Manhattan, witnessed Trump’s occasional theatrics as he used the courtroom as a platform for political grandstanding, accusing his adversaries of orchestrating a politically motivated witch hunt against him.<\/p>\n\n\n\n However, Engoron’s ruling stands as a stark reminder of the legal jeopardy Trump<\/a> faces, not only in this civil fraud case but also in several other criminal proceedings, including charges related to hush money payments made to a porn actress and his efforts to overturn the 2020 election results.<\/p>\n\n\n\n