Donald Trump fined $355 million for financial fraud in New York

A hit to the wallet. Donald Trump was fined nearly $355 million (€329 million) by a New York court on Friday February 16 for financial fraud at the Trump Organization, a real estate empire. The unprecedented decision is a blow to the fortunes of the former President of the United States, who is aiming for re-election in November. It is accompanied by a three-year ban on businessmen and Republican tribunes from managing any business in New York State.

The state’s attorney general, Letitia James, filed a complaint against him in October 2022, leading to a civil trial for fraud between October and January, along with his two adult sons, Donald Jr. and Eric Trump, and their family members. Trump father and son have appeared during this long trial, often in an ultra-tense political environment, and have been accused of vastly inflating the value of the assets of their family’s empire, the Trump Organization.

The 77-year-old Republican magnate and tribune continues to rage against justice in the hands of, according to him, President Joe Biden’s condemnation of Democrats. “A Worthy Trial for a Banana Republic”. His lawyers argued a case they said was legally void. Unlike a criminal trial this year — like the one set for Thursday, March 25, for paying to silence a porn star — Donald Trump has not risked jail time in this civil case.