This unprecedented decision is a blow to the fortunes of the former president of the United States, who is seeking re-election in November.
Published on February 16, 2024 10:12 p.m
Reading time: 1 min
Donald Trump, October 4, 2023 in New York. (ANGELA WEISS / AFP)
A hit for the wallet. Donald Trump was fined nearly $355 million (€329 million) by a New York court on Friday, February 16, for financial fraud within his real estate empire, the Trump Organization. This unprecedented decision is a blow to the fortunes of the former president of the United States, who is seeking re-election in November. This comes with a three-year ban for the businessman and Republican tribune from conducting any business in New York State.
That state's attorney general, Letitia James, filed a complaint against him in October 2022 and took him, along with his two adult sons, Donald Jr. and Eric Trump, and their family group, to a civil fraud lawsuit from October to January. Trump's father and son appeared during this lengthy trial, often in an extremely tense political climate, and were accused of vastly inflating the value of the assets of their family empire, the Trump Organization.
The 77-year-old Republican magnate and tribune continued to rage against justice in the hands of President Joe Biden's Democrats, denouncing “a process worthy of a banana republic.” His lawyers argued a case that they said was legally empty. Unlike criminal trials this year — like the one scheduled for Thursday, March 25, over payments to silence a porn star — Donald Trump risked no prison time in this civil case.
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