“The court hereby enjoins Donald Trump from serving as an officer or director of any New York corporation or other legal entity in New York for three years,” Judge Arthur Engoron wrote in his ruling, ordering Trump to pay $354,868,768.
The judge found that Trump operated a scheme for years to deceive banks and others with financial statements that inflated the former president’s wealth.
A judge has ruled that the former president inflated his wealth in financial statements given to banks, insurers and others to close deals and get loans.
The judge made the decision after a 2.5-month trial in which the Republican presidential candidate claimed under oath that he was the victim of an unfair judicial system.
The stiff sentence is a victory for New York Attorney General Leticia James, a Democrat, who sued Trump over what she says was not just an innocuous boast but years of fraudulent practices as he built an international collection of skyscrapers, golf courses and other properties that brought him wealth, fame and status In the White House.
Trump’s lawyers announced before the verdict that they would appeal.
2024-02-16 20:49:10
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