On Friday, a New York judge ordered former US President Donald Trump to pay $355 million in penalties with the closing of its civil fraud verdict.
New York Judge Arthur Engoron pronounced his decision after a trial in New York Attorney General Letitia James’ lawsuit against Trump, his company and executives, including his two eldest sons. The case accused Trump and his partners for scheming to dupe banks, insurers and others by inflating his wealth on financial statements. supervision and curtailing how it does business.
The decision could impact Trump's route to the US presidential elections and continue the consequence of his recent legal troubles.
The decision would hit Trump’s financial resources and negatively impact his persona as a businessman.
Engoron said that Trump and his company were “likely to continue their fraudulent ways” without the penalties and controls he imposed.
Engoron added that Trump and his co-defendants “failed to accept responsibility” and that experts who testified on his behalf “simply denied reality.”
He highlighted: “This is a venial sin, not a mortal sin,” continuing: “They did not rob a bank at gunpoint. Donald Trump is not Bernard Madoff. Yet, defendants are incapable of admitting the error of their ways.”
On the other hand, Trump said the decision was “election inference” and “weaponization against a political opponent."
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