USA: Trump fined $355 million for fraud

Hibapress

Former US President Donald Trump was fined $355 million in New York on Friday for financial fraud at the Trump Organization.

In a 92-page court document, New York State Supreme Court Justice Arthur Engoron also banned the real estate mogul from managing “any business or legal entity in New York for a period of three years “.

The state’s attorney general, Letitia James, filed charges against Trump in 2022 and led him, along with his two adult sons and their family group, to a civil trial for fraud from October to January.

James demanded 370 million dollars in compensation from them for having caused the value of their skyscrapers, luxury hotels and golf courses to increase colossally during the 2010s throughout the world, to obtain more favorable loans from banks and better conditions. insurance.

The former head of the American executive will also face a criminal trial on March 25 in New York after the rejection of his request to cancel the charges against him.

The decision was announced by a judge during a hearing at the courthouse in Manhattan in the presence of Mr. Trump, the Republican Party’s big favorite for the November presidential election against Joe Biden. Lawyers for Mr. Trump, who has repeatedly denied wrongdoing against him in the morality case, objected to the judge’s decision that jury selection will begin on March 25.