Judge Orders Trump to Pay $355 Million in Fraud Case, Banned from NY Business, US

Former US president and current GOP Presidential candidate Donald Trump has been fined $355 million and banned from conducting New York businesses for three years by a New York judge after being found guilty of fraudulently inflating his net worth. The ruling represents a significant setback for Trump’s business empire and financial reputation. Trump vehemently denied the allegations, accusing President Joe Biden of orchestrating a politically motivated attack against him. Despite the substantial financial penalties, Trump plans to appeal the decision. The judge also implicated Trump’s sons, Eric and Donald Trump Jr., who were directed to pay over $4 million each. The Trump Organization, a family business, will be subjected to oversight by an independent compliance director as part of the court’s ruling. Attorney General Letitia James hailed the outcome as a triumph for accountability, emphasizing the importance of all individuals, including former presidents, abiding by the law. This latest legal development comes amidst a series of legal challenges facing Trump, including impending criminal trials and ongoing investigations. Despite the legal turmoil, Trump remains determined to continue his political aspirations, setting the stage for a contentious election year.