In a landmark decision, former U.S. President Donald J. Trump has been hit with a hefty $350 million fine and a three-year ban from doing business in New York. The ruling, handed down on Friday, February 16th, by Justice Arthur F. Engoron, marks a significant setback in Trump's ongoing legal battles.
The civil fraud lawsuit, initiated by the New York Attorney General, accused Trump of conspiring to inflate his net worth. Justice Engoron's verdict found Trump guilty of these allegations, leading to a financial penalty that exceeds $350 million—an amount that could potentially deplete his liquid assets.
This judgment not only imposes a substantial financial burden on Trump but also threatens his business operations within New York State. The three-year business ban could hinder his ability to conduct future ventures in one of the country's key economic hubs.
The lawsuit and subsequent ruling add to the mounting legal challenges facing Trump, who is already entangled in four criminal cases. Despite these legal hurdles, Trump remains undeterred in his aspirations for a presidential comeback, signaling that these financial and legal setbacks may not deter his political ambitions.
As this case highlights the increasing legal scrutiny on high-profile figures, it underscores the broader implications for business practices and the legal accountability of influential personalities in the global arena.
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Trump incurs $350+ million fine and 3-year New York business ban
cgtn.com
