New York Judge Engoron fined Trump $355 million on Friday after the former president was found liable of business fraud.

An online fundraiser for former President Donald Trump has racked up $84,354 out of a $355 million target in just 24 hours following the final judgement in his civil fraud trial in New York.

On Friday, Trump was fined roughly $355 million by New York Judge Arthur Engoron following a monthslong trial. The trial was to determine how much Trump and his associates would pay after New York Attorney General Letitia James filed a lawsuit in September 2022 accusing the former president, his two adult sons, Donald Jr. and Eric, The Trump Organization and two firm executives, Allen Weisselberg and Jeff McConney of fraudulently overvaluing assets to secure more favorable bank loans and taxation deals.

The former president was also barred from doing business in New York for three years. Other defendants in the case also faced financial penalties and were banned from doing business in New York for periods of time. Meanwhile, Trump, who is the GOP frontrunner in the 2024 presidential election, has denied any wrongdoing and claims the case was politically motivated.

  • rdyoung@lemmy.world
    91·
    9 months ago

    Never was. He’s pretty much always owed more than he has. He bankrupted a casino, lied about the value of his properties in both directions, inflating value got him loans against them and devaluing them had him owe less in taxes and more. He has never been the player he pretends to be. The real billionaires and more don’t really spend time in the spot light (for the most part), there are exceptions but the ones really running things don’t like the sunlight.