oann

Judge Engoron prohibits Trump from conducting business in New York for 3 years, orders payment of over $354M


Judge Arthur Engoron attends the closing arguments ⁣in the Trump Organization civil fraud trial at New York State Supreme Court in the Manhattan borough of New York City, January 11, 2024. (Photo by SHANNON STAPLETON/POOL/AFP via Getty ⁤Images)

OAN’s Sophia⁣ Flores
UPDATED 12:25 PM⁢ –‌ Friday, February 16, 2024

Judge Arthur Engoron heard deliberations and made his final say in ​the New York courtroom, declaring that 45th President Donald J. Trump is⁣ liable, an expected decision by the liberal judge.

Advertisement

The Friday verdict revealed that Trump has to pay‍ at least $354 million in the civil⁣ fraud trail. Additionally, Trump is banned from conducting business in New York for three years.

This trial was initiated‍ by New York Attorney General Letitia James. ⁣James accused Trump, his two adult sons, Eric and Donald Trump Jr., and his top executives of inflating the Trump organization’s net worth in order to gain financial perks, such as better loans from banks. ​

When James first sued Trump⁣ in⁣ the fall of 2022, she asked the judge to penalize Trump $250 million for “inflating ⁢his net worth in order to retain better ⁢loans.” Her number later rose to $370 ⁣million in January, as she believed that throughout the trial, “he gained all of his money unlawfully.”

This is a breaking story. Check ⁤back for updates.

Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. https://www.oann.com/alerts

Share this post!

A teacher is fired after the school district discovers her leaked Onlyfans photos.

Judicial Watch ⁢Director of Investigations ‌Chris Farrell tells One America News that the government watchdog has received ‌documents‌ proving that Joe Biden’s homeland security secretary Alejandro Mayorkas

with Rep. Jim Jordan

with Rep. Aaron Bean

OpenAI is working on a‍ software that can generate minute-long videos based on text prompts.

Activision Blizzard has been hit with a U.S. lawsuit claiming‍ it restricts ‍competition for organized gaming involving ⁤“Call of Duty.”

Amazon.com has joined SpaceX‌ and Trader Joe’s in claiming that a‌ U.S.⁤ labor agency’s in-house enforcement proceedings violate the U.S. Constitution.

Shares of smaller AI firms rallied after Nvidia disclosed stake in them.

rnrn

⁢ What ⁢are the​ potential political ramifications of the ⁤verdict on Trump’s political future, and⁤ how might it impact his reputation among his base

For the⁣ alleged fraud. However, Judge Engoron decided⁣ to increase the amount to $354 million after carefully reviewing the evidence presented during the trial.

The decision to hold Trump liable for ‌fraud comes ‍as no surprise,‌ as Judge ‌Engoron has been known for his liberal leanings‌ and previous rulings ⁣against the former President. Critics argue that ⁤his bias may have influenced the verdict in this case.

In addition to the financial ⁢penalty, Trump is also facing a three-year ban from conducting business in ⁣New York. This could have significant implications for the Trump Organization, which has substantial real estate holdings and other business ventures in the state.

The trial was a high-profile event, with media coverage and public interest reaching unprecedented levels. It showcased the power struggle between Trump and his critics, as well as the tension between state and federal authorities.

Attorney General Letitia James, who initiated the trial, accused Trump ​and his associates of inflating the Trump Organization’s net worth to secure favorable loans from banks. She alleged that this was a deliberate and orchestrated effort to deceive lenders and gain financial benefits for the Trump family.

Trump’s legal team vehemently denied these allegations, arguing that they were politically motivated and lacked substantial evidence. Despite their efforts, Judge Engoron found the evidence‌ presented by the prosecution to be convincing enough to⁣ hold Trump liable for fraud.

The verdict has sparked intense debate ⁤and speculation about its potential impact on Trump’s political future. Some argue that it further tarnishes his reputation and makes a comeback in national politics more ‍challenging. Others⁤ believe that Trump’s base​ will rally around him, viewing the trial as ⁤another instance of a biased attack against their champion.

Regardless of the political ramifications, the trial and its outcome have once again highlighted the inherent conflicts of⁢ interest and potential wrongdoing within‍ the realm of business and ‌politics. It serves as a reminder that⁤ no one, regardless of position⁤ or ⁢power, is above the law.

As Trump prepares to appeal the verdict, a new chapter begins⁣ in the ongoing saga of his legal battles. The outcome of⁣ this‍ appeal will ​undoubtedly shape his legacy and influence the political landscape for years to come. Whether he can successfully overturn the ⁢verdict ​or⁢ not, ‍the trial has left an indelible mark ‌on his presidency and the public’s perception of his character and integrity.



" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases

Related Articles

Sponsored Content
Back to top button
Available for Amazon Prime
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker