The Donald Trump fraud trial has ended in bad news for Donald Trump!
Politics :
Last week was a train wreck of a week for Donald Trump and his Trump fraud trial in New York. Trump was charged with conspiring to fraudulently manipulate his net worth so as to obtain favorable treatment from banks and other lenders. For that, he was rewarded with a penalty judgment against him in the amount of $450 million.
Trump will now have to pay $355 as well as interest, which totals $450 million. Theoretically, this could wipe out his entire stockpile of cash and render him broke. Additionally, Trump is immediately barred from serving in a top role at any New York company for the next 3 years, including portions of his own Trump Organization. Donald Trump, Jr. and Eric Trump also received a 2-year ban on doing business in New York State and must now pay $4 million each in penalties.
The Trump fraud trial judgment was nothing short of a huge win for New York Attorney General Letitia James, who made it her mission to halt Trump’s fraudulent business practices in the state.
“This long-running fraud was intentional, egregious, illegal,” Ms. James said Friday. “There cannot be different rules for different people in this country, and former presidents are no exception.”
Judge Arthur F. Engoron admonished Trump, saying his “complete lack of contrition” bordered on pathological.
Donald Trump is now limited in doing business inside New York State for the next 3 years (Initially, Ms. James sought to permanently ban him from any business within the state, but the judge settled on a lesser penalty). As of last week, all of his business and financial practices within New York State will now come under the watchful eye of a court-ordered monitor — Barbara Jones — who will serve as the court’s eyes and ears inside the Trump Organization. Justice Engoron also strengthened the monitor’s authority to watch for fraud and second-guess transactions that look suspicious.
As expected, Donald Trump is already complaining about Barbara Jones and is whining that her presence has already cost his business more than $2.5 million. Collectively, the Trumps see her presence as an irritant and an insult, probably because they will no longer be allowed to cook the books and cheat their way into defrauding others for their own gain.
The Trump fraud trial judgment has now handed Letitia James a career-defining victory. She campaigned for office promising to bring Donald Trump to justice — and she did just that. She sat calmly in the courtroom as Trump attacked her and called her a corrupt politician motivated solely by self-interest.
His verbal attacks never fazed her and rolled off her back like a drop of water. After all, she just brought down and likely bankrupted one of the biggest financial crooks in New York State. It was a great day for her and a horrific day for the Trump Klan.
OK WASSUP! discusses Politics:
Trump fraud trial ends in $450 mil judgment.
Yes, indeed. I commend Ms. James and her staff on a job Well.Done!
She’s a woman of few words but when she speaks, it matters. People listen.