The former president of the United States, donald trumpyou must pay $354.9 million in fines for fraudulently exaggerating his net worth to deceive banks, a New York judge ruled, dealing him another legal setback in a civil case that puts his real estate empire at risk.
Judge Arthur Engoron was the one who ordered the obligation and also prohibited from being an officer or director from any New York City business for three years.
Engoron overturned his previous ruling from September ordering the “dissolution” of companies that control pillars of Trump’s real estate empire, saying Friday that this was no longer necessary because is appointing an independent monitor and compliance director to oversee the former president’s businesses.
The lawsuit filed by New York Attorney General Letitia James accused Trump and his family’s companies of overstating his net worth by up to $3.6 billion a year for a decade to deceive the bankers and get them to grant him better loan conditions.
Donald Trump’s response
Trump has denied wrongdoing and described the case as political revenge, on the part of James, an elected Democrat. The former ruler is expected to appeal the sentence handed down on Friday by Engoron.
Civil fraud case could deal a blow hard hit to Trump’s real estate empire at a time when the businessman-turned-politician leads the race for the Republican nomination to challenge Democratic President Joe Biden in the US elections on November 5.
Friday’s sentencing came after a controversial three-month trial in Manhattan.
Donald Trump was sentenced to pay $83.3 million to a writer for defamation
Donald Trump, former president of USA and current candidate to return to power, was sentenced on Friday to pay 88.3 million dollars to the writer Elisabeth Jean Carrollfor having defamed her after being accused of rape in 2019, the judge in the case announced at the end of the jury’s deliberations.
This ruling represents a new judicial setback for Trump, in the year in which he will seek to return to the White House.
The amount, which ended up being much higher than the 10 million that Carroll claimed, is the sum of 65 million dollars for damages and interest, 11 million in reparation for affecting his reputation and 7.3 million in financial compensationaccording to The New York Times and CNN.
The magistrate Lewis Kaplanin charge of the case, thanked the jury for their work in reaching the verdict, “my advice to you is that you never reveal having been part of this jury,” highlighted the judicial official, quoted by the AFP and Europa Press news agencies.
Last May, a court established that Trump had to pay up to $5 million in compensation to Carroll, who filed a new lawsuit against the magnate, requesting $10 million in damages.
The case dates back to the legal challenge that the plaintiff filed in 2019 before a state court against the far-right politician for defamation, due to the way in which He had denied a first accusation of rape after saying that “she was not his type” and that he did it to sell his book.
Source: Ambito
