This unprecedented decision is a blow to the assets of the former President of the United States, who aims to be re-elected in November.
Published on 02/16/2024 22:12
Reading time: 1 min Donald Trump, October 4, 2023 in New York. (ANGELA WEISS / AFP)
A hit to the wallet. Donald Trump was fined nearly $355 million (€329 million) by a New York court on Friday February 16 for financial fraud within his real estate empire, the Trump Organization. This unprecedented decision is a blow to the assets of the former President of the United States, who aims to be re-elected in November. It is accompanied by a three-year ban for the businessman and Republican tribune from any business management in the State of New York.
The attorney general of this state, Letitia James, filed a complaint against him in October 2022 and led him, with his two adult sons Donald Jr and Eric Trump and their family group, to a civil trial for fraud, from October to January. Trump father and son appeared during this lengthy trial, often in an ultra-tense political climate, and were accused of having enormously inflated the value of the assets of their family empire Trump Organization.
The 77-year-old Republican magnate and tribune has continued to rage against justice in the hands, according to him, of President Joe Biden’s Democrats, denouncing “a trial worthy of a banana republic”. His lawyers argued a case that they said was legally empty. Unlike criminal trials this year – like the one set for Thursday March 25 for payments to silence a porn star – Donald Trump did not risk prison in this civil case.
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2024-02-16 21:12:06
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