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