Fraud trial prosecution demands 370 million fine for Trump

Fraud trial: prosecution demands $370 million fine for Trump

The new sum significantly exceeds the previously requested payment of US$250 million. Trump is not threatened with prison or any impact on his presidential candidacy.

In the fraud trial against former US President Donald Trump, the Public Prosecutor's Office is demanding a fine of 370 million dollars (338 million euros). This emerges from a letter published on Friday by the Attorney General of the US State of New York, Letitia James. The new sum significantly exceeds the $250 million payment previously demanded by Trump. Trump is not at risk of arrest or repercussions for his presidential candidacy.

Judge Arthur Engoron is expected to rule on the civil case this month. The lawsuit concerns the future of the 77-year-old's corporate empire. The Public Prosecutor's Office accuses Trump, his children and employees of manipulating the value of the Trump Organization for years to obtain cheaper loans and insurance contracts. Judge Engoron had already confirmed this before the trial. The main focus of the process now is to determine possible penalties and other charges.

Republican Trump is not threatened with a prison sentence or a direct impact on his presidential candidacy, but a conviction could cause him major business losses. In addition to the fine, Trump faces a ban from doing business in New York. The former president wants to be re-elected in 2024. He is the most promising candidate for the Republican nomination. According to many observers, he is using the process as electoral advertising. (APA/dpa)

Read more about these topics: