Archive – Former US President Donald Trump – Jane Barlow/Pa Wire/Dpa – Archive
MADRID, 16 Feb. (EUROPA PRESS) –
Judge Arthur Engoron has ordered former US President Donald Trump and his company, the Trump Organization, to pay $355 million in the New York state tax fraud trial, also prohibiting the magnate from holding positions in any company based in the state for a period of three years.
Although the judge has disqualified the former president, he has not dissolved the Trump Organization, which inflated his personal net worth by $3.6 billion between 2011 and 2021, according to the Prosecutor’s Office.
The judge has also decided that Trump will not be able to apply for loans for three years in the state, while he has appointed an independent position to monitor the company’s financial results, according to CNN.
Two of Trump’s sons, Donald Trump Jr. and Eric Trump, will have to pay four million dollars for being responsible for a series of civil fraud charges, including issuing irregular financial statements or falsifying business records.
Both Donald Trump Jr. and Eric Trump will also not be able to hold positions as officers or directors of companies for two years. Likewise, the former financial director of the Trump Organization, Allen Weisselberg, will have to pay one million dollars.
After the verdict, the magnate’s lawyer, Alina Habba, stressed in a statement that they will appeal the decision due to a “manifest injustice” and has defended that it is a “witch hunt” that began “long before” the prosecutor New York General Letitia James “set foot” in his office.
James asked both Trump and his company to pay a total of $370 million for “illegal enrichment” and for inflating the value of his assets in financial documents for more than a decade.
The origin of the case dates back to 2019, when the company’s former lawyer, Michael Cohen – who was also responsible for making irregular payments to porn actress Stormy Daniels – raised questions about its financial status before Congress.
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– 2024-05-14 00:59:47
