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(OT) Twump must pay: $355 Million
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Pelle Svanslös
Feb 16, 2024, 3:37:59 PMFeb 16
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A New York judge on Friday handed Donald J. Trump a crushing defeat in
his civil fraud case, finding the former president liable for conspiring
to manipulate his net worth and ordering him to pay a penalty of $355
million that could wipe out his entire stockpile of cash.
Not only did Justice Engoron impose a three-year ban preventing Mr.
Trump from serving in top roles at any New York company, including his
own, but the judge also applied that punishment to the former
president’s adult sons for two years and ordered that they pay more than
$4 million each. One of the sons, Eric Trump, is the Trump
Organization’s de facto chief executive, and the ruling throws into
doubt whether any member of the family can run the business in the near
term.
Mr. Trump will appeal the financial penalty — which could climb to $400
million or more once interest is added — but will have to either come up
with the money or secure a bond within 30 days.
https://www.nytimes.com/2024/02/16/nyregion/trump-civil-fraud-trial-ruling.html
Not permanently barred from doing business in NY, though. Oh, well.
--
"And off they went, from here to there,
The bear, the bear, and the maiden fair"
-- Traditional
his civil fraud case, finding the former president liable for conspiring
to manipulate his net worth and ordering him to pay a penalty of $355
million that could wipe out his entire stockpile of cash.
Not only did Justice Engoron impose a three-year ban preventing Mr.
Trump from serving in top roles at any New York company, including his
own, but the judge also applied that punishment to the former
president’s adult sons for two years and ordered that they pay more than
$4 million each. One of the sons, Eric Trump, is the Trump
Organization’s de facto chief executive, and the ruling throws into
doubt whether any member of the family can run the business in the near
term.
Mr. Trump will appeal the financial penalty — which could climb to $400
million or more once interest is added — but will have to either come up
with the money or secure a bond within 30 days.
https://www.nytimes.com/2024/02/16/nyregion/trump-civil-fraud-trial-ruling.html
Not permanently barred from doing business in NY, though. Oh, well.
--
"And off they went, from here to there,
The bear, the bear, and the maiden fair"
-- Traditional
The Iceberg
Feb 16, 2024, 4:45:48 PMFeb 16
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