{"id":2178277,"date":"2024-02-16T15:22:02","date_gmt":"2024-02-16T20:22:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-engoron-bans-trump-from-doing-business-in-n-y-for-2-years-must-pay-354-9m\/"},"modified":"2024-02-16T15:25:01","modified_gmt":"2024-02-16T20:25:01","slug":"judge-engoron-bans-trump-from-doing-business-in-n-y-for-2-years-must-pay-354-9m","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-engoron-bans-trump-from-doing-business-in-n-y-for-2-years-must-pay-354-9m\/","title":{"rendered":"Judge Engoron prohibits Trump from conducting business in New York for 2 years, orders payment of $354.9M"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjudge-engoron-bans-trump-from-doing-business-in-n-y-for-2-years-must-pay-354-9m%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2178277&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Judge Arthur Engoron attends the closing arguments in the Trump Organization <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-york-appeals-court-refuses-trumps-request-to-delay-fraud-trial\/\" title=\"NY Appeals Court denies Trump's bid to postpone fraud trial.\">civil fraud trial<\/a> at New York State Supreme Court in the Manhattan borough of New York City, January 11, 2024.  (Photo by SHANNON STAPLETON\/POOL\/AFP via Getty Images)<\/figcaption><\/figure>\n<p>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/sophia-flores\">Sophia Flores<\/a><br \/>12:14 PM \u2013 Friday, February 16, 2024<\/p>\n<h2>Judge Declares \u200cTrump Liable in Civil Fraud Trial<\/h2>\n<p>Judge\u2062 Arthur Engoron heard deliberations and made his final say in the New York \u2063courtroom, declaring that 45<sup>th<\/sup> President Donald J. Trump is liable, an expected\u2064 decision\u2062 by the liberal judge.  <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The Friday verdict revealed \u200dthat Trump has to pay $354.9 million in the civil fraud trail. Additionally, his\u200c organization is banned from conducting business in\u2064 New York for two years. <\/p>\n<p>This trial was initiated \u2062by New York Attorney General Letitia James. James accused \u2062Trump, his two adult sons,\u200b Eric and Donald Trump Jr., and his \u200ctop \u2063executives of inflating the Trump organization\u2019s\u2064 net worth in order to gain financial perks, such as better loans \u200dfrom banks.  <\/p>\n<p>When James first sued Trump in the fall of 2022, she asked the judge to penalize Trump $250 million for \u201cinflating his net\u200b worth in order \u2063to retain better loans.\u201d Her number later rose to $370 \u2064million in January, as she believed that throughout the trial, \u201che gained all of his money unlawfully.\u201d<\/p>\n<p><em>This is a breaking story. Check back for updates. <\/em><\/p>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for \u2063free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A teacher is fired after the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rachel-dolezal-fired-from-teaching-job-for-onlyfans-page\/\" title=\"Rachel Dolezal sacked over OnlyFans involvement\">school district discovers<\/a> her leaked Onlyfans photos.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Judicial Watch Director of Investigations Chris Farrell tells One\u200b America News that the government watchdog has received documents proving that \u2062Joe Biden\u2019s \u200chomeland security secretary Alejandro Mayorkas<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Rep. Jim \u2063Jordan<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Rep. Aaron Bean<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>OpenAI is working on a software that can generate \u2062minute-long videos based on text prompts.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Activision Blizzard has been hit with a U.S. lawsuit claiming it\u200b restricts competition \u200dfor organized gaming involving \u201cCall of Duty.\u201d<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Amazon.com\u00a0has joined SpaceX and Trader Joe\u2019s in claiming that a U.S. labor\u200b agency\u2019s in<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/call-of-duty-gamers-sue-activision-for-monopolizing-leagues-tournaments\/\" title=\"Call of Duty' gamers sue Activision over league and tournament monopolization\">-house enforcement proceedings violate<\/a> the U.S. Constitution.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Shares of smaller AI firms rallied \u2062after Nvidia disclosed stake in them.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> What defense did the Trump Organization use to counter the allegations of fraudulent \u200bactions?<\/h2>\n<p><span>  The former president \u2063and his organization for \u2062their alleged fraudulent actions. The trial lasted for several months, with both sides presenting their arguments and evidence.<\/p>\n<p>During the trial, the prosecution presented emails, financial\u2062 records, and testimony from former employees\u2064 of the Trump Organization. These \u2062pieces of evidence\u2064 were used to support\u200c the argument that the organization\u200c intentionally inflated its\u2063 net worth to secure \u2063favorable\u200b loans and financial benefits.<\/p>\n<p>On\u200b the \u200bother hand, the defense argued\u200b that the accusations were politically motivated and \u2062lacked sufficient evidence. They claimed that the Trump Organization&#8217;s financial\u2063 statements\u200b were prepared in accordance with \u200dstandard accounting practices and were not misleading.<\/p>\n<p>After careful consideration of all the evidence \u2064presented, Judge Arthur Engoron ruled in favor of the prosecution. He declared President Donald J. Trump and his organization liable for civil fraud and ordered them to \u2062pay a whopping $354.9 million in damages.<\/p>\n<p>Additionally, the judge imposed a two-year ban on the Trump Organization conducting business\u2063 in New \u200cYork. This significant penalty aims to\u2062 prevent any\u2064 further fraudulent activities\u200d by the organization in the state.<\/p>\n<p>The ruling has sparked mixed reactions among the public. Supporters of\u2063 the\u200b former president argue that the trial \u200bwas politically motivated \u200band that the \u2063punishment is unjust. They believe that the\u200c verdict\u2063 is an \u200dattempt to \u200btarnish President Trump&#8217;s \u200clegacy and undermine his influence.<\/p>\n<p>On the other \u2063hand, critics of the former president see this ruling as a step \u200ctowards\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nyc-judge-will-have-trump-taken-out-by-marshals-if-he-steps-out-of-line-cnn-legal-expert-says\/\" title=\"CNN legal expert warns that a New York City judge will have Donald Trump removed by marshals if he behaves improperly\">holding powerful individuals accountable<\/a> for their actions. They argue that no one\u200c should be above the\u200c law, regardless of their position or\u200d wealth.<\/p>\n<p>It is important to note that \u200dthis civil fraud trial is\u200d separate from any potential criminal charges that may be brought against President Trump\u200c and his organization. Nevertheless, this ruling has\u200b significant financial \u200cand reputational implications \u200dfor both \u2062parties involved.<\/p>\n<p>As\u2064 the news of this verdict spreads, it is likely to fuel further debates and discussions about ethics, accountability, and\u200b the role of the \u2063justice\u2063 system in holding \u2062powerful individuals\u2063 accountable. It also raises questions \u2063about the impact\u200c of this ruling on President Trump&#8217;s political future \u200cand the \u200bfuture of the Trump Organization.<\/p>\n<p>Only time will tell how this ruling will shape the legal, political, and social\u2062 landscape surrounding President Trump and his organization. However,\u2064 one thing \u2063is certain &#8211; \u200cthis verdict will have a lasting \u200cimpact and will be closely analyzed\u2063 by legal experts and \u2063the general\u200b public alike.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Decision in the Trump Organization civil fraud trial at New York State Supreme Court in Manhattan. The trial concluded on January 11, 2024. (Photo: SHANNON STAPLETON\/POOL\/AFP via Getty Images) OAN\u2019s Sophia Flores reported on Friday, February 16, 2024, at 12:14 PM<\/p>\n","protected":false},"author":1209,"featured_media":2178279,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/02\/GettyImages-1917689761-e1708114061739.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2178277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/02\/GettyImages-1917689761-e1708114061739.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2178277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1209"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2178277"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2178277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2178279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2178277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2178277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2178277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}