The Trump family was sentenced to pay 3$6.4 billion: ban on working in New York for three years!
America's former ** Donald Trump and his family faced a major lawsuit some time ago, and after a months-long trial, they were ordered to pay more than 3$6.4 billion in damages. The case exposed fraud within the Trump Organization and had serious implications for Trump's political career and business empire.
The attorney general of New York State has filed a major lawsuit nearly two years ago, accusing Trump and his family of defrauding banks and investors over the past decade in order to obtain favorable financing terms, according to the United Kingdom on February 18. The lawsuit involves the Trump Organization's real estate projects and Trump's two adult sons, Donald Trump Jr. and Eric Trump.
On Friday, New York Judge Arthur Engoron issued a final judgment requiring Trump and his family to pay more than 3$5.4 billion in damages. Trump's two sons were ordered to pay about $4 million each. In addition, Trump was barred from holding executive positions in New York companies and was barred from obtaining loans from banks in New York for the next three years. His two adult children were also barred from holding any executive positions in the New York corporation for the next two years.
The final verdict in this case shows that the defendant lacks credibility on the witness stand. They try to blame accountants and use misleading evidence to inflate the value of assets. In Friday's 92-page verdict, the judge noted that the history of irregularities within the Trump Organization and the discovery of this massive fraud case prove that Trump and his family are likely to continue their fraud without significant sanctions.
The judge wrote:"He was completely devoid of remorse and repentance, almost pathological.
They are simply accused of inflating the value of assets in order to make more money. This has been proven time and again in the document. This is an administrative violation, not a crime"He added. "The defendant did not kill and set fire. They didn't rob a bank at gunpoint. Donald Trump is not Bernard Madoff. However, the defendant was unable to admit his mistake.
In response, Trump said in a statement on Friday that the decision was made for him, his family and his giant company"Illegal and non-American-style judgments"。
This'Decide'Totally a**,"He's in his own"Truth Social"The page reads. "No victims, no losses, no complaints"。
Their lawyer, Alina Haba, said they intended to appeal, while the Attorney General argued that the ruling was national"Great victory"。
She said in a statement:"When powerful people cheat in order to get better loan terms, they do so at the expense of those who work hard. "The average American can't cheat the bank in order to get a mortgage, and if they do, our ** will punish them severely. Different people can't have different rules.
Taken together, the verdict has serious implications for Trump's political career and business empire, and is a huge setback for Trump that could seriously damage his reputation and political future.