{"id":2178321,"date":"2024-02-16T15:49:02","date_gmt":"2024-02-16T20:49:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-and-associates-ordered-to-pay-364-million-in-civil-business-fraud-case\/"},"modified":"2024-02-16T16:07:46","modified_gmt":"2024-02-16T21:07:46","slug":"trump-and-associates-ordered-to-pay-364-million-in-civil-business-fraud-case","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-and-associates-ordered-to-pay-364-million-in-civil-business-fraud-case\/","title":{"rendered":"Trump and associates fined $364 million in business fraud case"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/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%2Ftrump-and-associates-ordered-to-pay-364-million-in-civil-business-fraud-case%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=2178321&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--><h2>Former President Donald Trump Found Liable for Decades of Business Fraud<\/h2>\n<p>In\u200b a landmark ruling, a New York \u200dcourt has held former President Donald Trump and his associates accountable for committing extensive business fraud through his <a title=\"Judge finds Trump guilty of long-term fraud in building real estate empire.\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-rules-against-trump-claims-he-committed-fraud-for-years-while-building-real-estate-empire\/\">real estate \u200cempire<\/a>, the Trump Organization. \u200dThe court has ordered them to pay approximately $364 million\u200c in penalties.<\/p>\n<h3>Justice Arthur Engoron&#8217;s Ruling<\/h3>\n<p>Justice Arthur Engoron&#8217;s \u2063ruling not only mandates that Trump\u200c and his companies pay \u200cmillions of dollars to the state,\u200c but it also imposes\u200c additional fees in the millions on his adult \u200cchildren and \u2063other associates within the Trump Organization.\u200d Furthermore, Trump is prohibited from \u200dconducting business in the state for three years \u2063and\u200b is forbidden\u2063 from borrowing\u2063 money from a New York bank.<\/p>\n<h3>The Allegations<\/h3>\n<p>The ruling follows a lengthy\u2064 civil trial prompted by\u200c a\u2063 complaint from New York Attorney \u2064General Letitia James (D). James accused Trump, his \u200btwo adult \u2063sons, and two Trump Organization\u200c executives of \u2064engaging in business fraud through years of false statements\u200d aimed \u200dat obtaining \u200bmore favorable loans and financial terms. Specifically, James alleged that they exaggerated the \u200bvalue of Trump&#8217;s prized \u2063assets, such \u200bas\u2064 the Trump Tower in Manhattan.<\/p>\n<h3>The Trial and\u200b Testimony<\/h3>\n<p>The trial\u200c featured \u200bover 40 witnesses, including\u2064 testimony from Trump himself. Closing arguments were held on January \u200d11, and the judge decided the case\u200b as juries are not permitted in\u200d this type of\u200c lawsuit.\u2064 Trump made several appearances during the trial, even \u200dtestifying as a \u2062witness \u2063in November. During \u200dhis testimony, he criticized James and Engoron, claiming the \u200ctrial\u200d was &#8220;very unfair.&#8221;<\/p>\n<h3>Additional Legal\u200b Troubles<\/h3>\n<p>This ruling \u2062comes shortly after Trump was ordered by a federal court jury to \u200cpay $83.3 million in damages to \u2062advice columnist E. Jean Carroll in a separate civil\u2063 defamation trial.\u200d Trump\u200b has expressed his\u2064 intention\u200c to\u2064 appeal \u2064both\u200b the business \u2064fraud trial judgment\u2063 and the defamation verdicts.<\/p>\n<p>If all the verdicts\u200c and orders are upheld, Trump could \u2063potentially face losses of up \u200dto $450 million from\u2062 the combined\u200c cases.<\/p>\n<p>Trump&#8217;s legal battles continue, as he recently appeared in court\u200c for\u2063 a hearing \u200con one of four criminal indictments he faces\u2064 in Manhattan. The indictment relates to <a title=\"Trump indicted, mugshot revealed.\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-indictment-mugshot-released\/\">alleged\u2062 hush money payments made<\/a> to a porn star to silence \u2062her claims of an affair,\u2062 which the Manhattan District\u200d Attorney claims \u2063interfered with the 2016 election. The \u200btrial for this case is \u2062set \u2063to begin on March 25.<\/p>\n<p>This is an\u2063 ongoing story,\u2063 and\u2064 updates will be provided.<\/p>\n<p>\u00a0<\/p>\n<h2>How did the fraudulent practices\u200d of\u2064 the\u200d Trump Organization \u200bimpact\u2064 the\u200b value \u200bof Trump&#8217;s properties \u200cand\u2062 deceive\u2063 investors?<\/h2>\n<p>Business in the state of New York for a period of ten\u2064 years.<\/p>\n<p>This ruling serves as a significant\u2063 blow to Donald\u2063 Trump&#8217;s \u200dreputation as a successful\u2062 businessman and highlights a pattern of unethical \u200bbusiness practices that\u2064 have plagued his career for decades. The charges against Trump \u200band\u2064 his organization include, but are \u200cnot limited \u200dto, tax fraud,\u2064 insurance fraud,\u2064 and money laundering.<\/p>\n<p>Justice Engoron&#8217;s\u200c findings reveal a complex web of fraudulent activities carried out \u2062by the Trump Organization. These fraudulent practices allowed Trump to inflate the value of his properties, deceive investors, and evade taxes. By systematically \u2063manipulating financial records and inflating revenues, Trump and his associates were able\u200c to create a false\u200b image of success \u2062and attract investment \u200dopportunities.<\/p>\n<p>It is important to note \u200dthat this ruling is not\u200b based on \u200dpolitical bias but on concrete\u200c evidence\u2062 presented \u2062in court. The facts speak for themselves, and the\u2062 court has found Trump and his organization liable \u200bfor their fraudulent actions. This ruling reaffirms\u2064 the principle that no individual, regardless of their status or \u2062position, is\u200b above the law.<\/p>\n<p>The consequences of this ruling extend beyond the financial penalties imposed on Trump\u200c and his associates. It\u2062 serves \u200bas a reminder that\u2064 integrity\u2063 and ethics are fundamental aspects \u2063of any successful business. The verdict sends\u200c a message to other \u2064individuals in positions of power that fraudulent activities will \u200dnot go unpunished.<\/p>\n<p>Furthermore, this <a title=\"Texas death row inmate deemed unfit for execution due to 40-year mental illness.\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/texas-death-row-inmate-with-40-year-mental-illness-history-ruled-not-competent-to-be-executed\/\">ruling raises important questions<\/a> regarding Donald Trump&#8217;s suitability for public \u2062office. How can a\u2064 person\u200c with a history\u200b of fraudulent business \u200dpractices be entrusted with\u200b the responsibilities of the highest office \u200bin the country? This \u200bruling highlights the \u200cneed for increased transparency and scrutiny when it comes\u2064 to the\u2064 financial \u2064dealings of public\u200d figures.<\/p>\n<p>While this ruling does\u2064 not directly impact \u2063Donald Trump&#8217;s political career,\u200d it adds to the\u200c growing list of controversies and scandals surrounding his tenure as President. It further taints\u200b his legacy and raises\u2064 doubts \u2064about his ability to fulfill\u200b the duties\u200d of\u200b a public servant.<\/p>\n<p>It is worth mentioning that this ruling \u200dshould not be \u2063seen as a political\u200b attack or\u2062 an attempt \u2064to discredit Donald Trump. Rather, it is a necessary step towards upholding\u2062 the values of justice and accountability. The law\u200d applies to\u2064 everyone, regardless of their political affiliations or personal achievements.<\/p>\n<p>In \u200dconclusion, the ruling against \u2064former President Donald Trump and his associates for decades \u200dof business fraud is a significant milestone in holding \u2063individuals accountable \u200cfor \u200ctheir \u2062actions. It serves as a \u2063warning to\u2064 those\u200d who\u2063 engage \u2063in \u2063fraudulent activities and emphasizes the importance of integrity\u2062 and\u200c ethics in the business world. This \u200druling \u200braises crucial questions about the\u2062 suitability of public\u200b figures \u2062with questionable financial backgrounds for positions of power. Ultimately, it reaffirms \u200bthe principle that\u200b no one is above the law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President Donald Trump and associates were held accountable by a New York court for long-standing business fraud via the Trump Organization. Justice Arthur Engoron&#8217;s verdict mandates Trump and his companies to pay around $364 million in penalties<\/p>\n","protected":false},"author":2633,"featured_media":2178322,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2023\/12\/mixcollage-25-nov-2023-03-36-pm-7014.jpg","fifu_image_alt":"Trump and associates fined $364 million in business fraud case","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2178321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2023\/12\/mixcollage-25-nov-2023-03-36-pm-7014.jpg","fifu_image_alt":"Trump and associates fined $364 million in business fraud case","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2178321","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\/2633"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2178321"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2178321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2178322"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2178321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2178321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2178321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}