Trump Fined $350+ Million In Civil Business Fraud Trial, Banned From Doing Business In NY For 3 Years

Former President Donald Trump was fined hundreds of millions of dollars in a civil fraud trial on Friday and was banned from running his businesses in the state for three years.

Judge Arthur Engoron ordered the former president and the Trump Organization pay more than $350 million in damages.

The controversial judge banned Trump from serving in top roles at any company in the state for three years and extended the punishment for a two-year period to both of his sons and ordered that they both pay more than $4 million.

Other former top executives at the Trump Organization were also banned from “serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years.”

Trump will almost certainly appeal the ruling and will likely ask an appeals court to pause restrictions that stop the family from running the business while the court evaluates the case.

The New York Times noted, however, that one of the judge’s rulings might be hard to get tossed: extending the court’s Independent Monitor oversight at the company for three years to watch for alleged suspicious activity.

The report noted that the monitor, Barbara Jones, has already cost the organization millions of dollars.

New York Democrat Attorney General Letitia James claimed that Trump victimized lenders inflating his net worth to obtain more favorable terms from the lenders and that they would have made more money had Trump not allegedly inflated his net worth.

The ruling comes after writer E. Jean Carroll was awarded $83 million from Trump earlier this year in a defamation case.

The former president, who is on the verge of officially wrapping up the Republican Party’s presidential nomination, also faces four criminal cases, including a federal case over his handling of classified material, a federal case over his alleged efforts to overturn the 2020 presidential election, a case in Fulton County over his alleged efforts to overturn the 2020 presidential election, and a case from the Manhattan District Attorney’s Office over his alleged hush money payments to an adult film star.

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