That fits! A New York judge sentenced Donald Trump (77) to a fine of more than $350 million – and banned the ex-president from his business activities.
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► According to the New York Times, Trump will not be allowed to conduct real estate business in New York state for three years. In addition, he is not allowed to take on a management role in a New York company.
In addition to the mega-punishment for the ex-US President, his sons will also be asked to pay: Eric (40) and Donald Jr. (46) each have to pay four million dollars.
The ruling by Judge Arthur Engoron (74) hits at the heart of Trump’s business empire. He once inherited this from his father and was the basis for his wealth and celebrity status.
The “Trump Organization,” with luxury real estate from New York to Aberdeen, is Trump’s life’s work – and was the springboard for his political career, which led to the Oval Office.
Trump’s New York penthouse was suddenly three times larger…
The verdict does not result in a prison sentence, but the judicial slap is more personal for the presidential candidate than any other trial. Trump loudly protested against the “witch hunt.” He sat in the courtroom (sulking) more often than expected.
Trump was sued by New York prosecutor Letitia James (65) after, according to the allegations, he intentionally overvalued real estate values in order to help the company get better conditions from banks and insurance companies. At the same time, his private assets, published in the “Forbes” rich list, should also be increased. For him, the billion figure was the most important currency for his status.
Judge Arthur Engoron delivered the verdict alone in this trial; there was no jury
Foto: SHANNON STAPLETON/REUTERS
The fraud went like this: His penthouse in the Trump Tower was officially stated to be 2,787 square meters, but in reality the living space is a third as large. The value on the books was $200 million. Assets at other skyscrapers and luxury resorts are said to have been inflated using this scheme.
Fraud led to market distortions
The prosecution even argued that this led to “market distortions.” However, those financiers and insurance companies that were allegedly cheated reported successful business dealings with the tycoon.
Star lawyer Alina Habba defended Trump at the New York financial trial
Photo: Ted Shaffrey/AP
His legal team, led by the brash Alina Habba (39), had argued that estimates are common in the industry and that many factors determine the value of a property. That’s why lenders check everything.
Judge Engoron was not very impressed: He had already ruled before the actual trial that he considered “business fraud” to be proven. He revoked the license of Trump properties in the US state of New York. And appoint a supervisor, Barbara Jones, to oversee the Trump Organization’s finances: She promptly reported to the court that the company had a $48 million loan on its books that “never existed,” she warned.
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The trial, which lasted several weeks in a courthouse in Lower Manhattan, then focused on the extent of the sentence and further consequences. Trump turned the proceedings into a theater: he held press conferences, provoked people in the courtroom, and even defamed Engoron’s assistant.
Can Trump even afford the gigantic fine? Experts have doubts. Despite an expected appeal, Trump must provide the money within 30 days or take out a loan for it.
video-heading">Beauty and the Beast SHE defends Trump in court
Quelle: Reuters, Instagram/@alina_habba13.11.2023
2024-02-16 21:17:36
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