{"id":2178395,"date":"2024-02-16T16:53:02","date_gmt":"2024-02-16T21:53:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-fined-350-million-in-democrats-latest-gambit-to-rig-the-2024-election\/"},"modified":"2024-02-16T16:54:26","modified_gmt":"2024-02-16T21:54:26","slug":"trump-fined-350-million-in-democrats-latest-gambit-to-rig-the-2024-election","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-fined-350-million-in-democrats-latest-gambit-to-rig-the-2024-election\/","title":{"rendered":"Trump fined $350M in Democrats&#8217; bid to manipulate 2024 election"},"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\">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-fined-350-million-in-democrats-latest-gambit-to-rig-the-2024-election%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=2178395&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--><div>\n<div>\n<div>\n<figure><\/figure>\n<\/p><\/div>\n<blockquote>\n<h2>Trump and Trump Organization \u200dFined \u2064$350 Million by New York Judge<\/h2>\n<p>A\u200b New York judge has handed down a hefty fine of\u200b $350 million to Donald \u2063Trump and the Trump Organization. This move\u2063 is seen as the latest attempt by Democrats to weaken the former president both financially and politically \u2064in the lead-up to the 2024 election.<\/p>\n<p>According to The New York Times, Justice <a href=\"https:\/\/thefederalist.com\/tag\/arthur-engoron\/\" target=\"_blank\" rel=\"noreferrer noopener\">Arthur \u2062Engoron<\/a> \u200d ruled that Trump\u2063 is &#8220;liable for conspiring to manipulate his net worth&#8221; and\u200d ordered\u200d him to pay\u2064 a penalty of $355 million, which could potentially wipe out \u200chis entire cash reserve. In addition, Trump is banned from <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oil-minister-accused-of-hezbollah-drug-trafficking-ties-key-to-any-biden-venezuela-deal\/\" title=\"Oil Minister Accused of Hezbollah, Drug Trafficking Ties Key to Any Biden-Venezuela Deal\">holding top positions<\/a> in any New York company, including his own, for three years.<\/p>\n<p>The lawsuit against Trump, his children, and their business\u200b was filed \u200bby New York Attorney General Letitia James, a Democrat who openly campaigned to use the\u200c legal system as a weapon against Trump. James accused them of grossly inflating their assets in financial statements by billions\u2063 of dollars.<\/p>\n<p>However, during the trial, accounting professor Eli Bartov from New York University testified that there was no \u2063evidence of accounting fraud by Trump or his associates. Bartov&#8217;s analysis showed that the financial statements were not materially misstated.<\/p>\n<p>Friday&#8217;s ruling was not surprising, considering the evident bias displayed by\u2064 Justice Engoron throughout the trial. Engoron had previously relied on a faulty appraisal\u2064 of Trump&#8217;s Mar-a-Lago estate and placed a temporary gag order on\u200c the former president. He was \u200ceven caught laughing at the\u200d start of a \u200dcourt proceeding.<\/p>\n<p>These civil \u200cpenalties imposed on Trump are part of Democrats&#8217; ongoing efforts to weaponize \u200bthe legal system against him and prevent \u2062his \u2064potential reelection. The Biden Justice Department and Democrat prosecutors\u200b have already brought 91 criminal indictments against Trump across four different venues, aiming to imprison him before the \u2064November election.<\/p>\n<p>And that&#8217;s not all. Democrats have also\u2062 made attempts to remove Trump from the ballot in states like Maine\u200d and Colorado. Despite \u2064claiming to be the party of democracy, they are using every means possible\u200b to undermine a fair electoral \u200cprocess and strip Trump of his financial assets and livelihood.<\/p>\n<\/blockquote>\n<hr>\n<p>Shawn Fleetwood is a staff writer\u2062 for\u2062 The Federalist\u2063 and a graduate of\u200d the \u2062University of Mary Washington. He previously served as a state content writer for Convention of States Action and\u200c his work has been featured in \u2063numerous outlets, including RealClearPolitics, RealClearHealth,\u2062 and Conservative Review. Follow him on Twitter <strong>@ShawnFleetwood<\/strong>.<\/p>\n<\/p><\/div>\n<div data-image data-amount=\"5\">\n<h2>Popular<\/h2>\n<ul>\n<li><a href=\"http:\/\/thefederalist.com\/#\"><\/a><\/li>\n<li><a href=\"http:\/\/thefederalist.com\/#\"><\/a><\/li>\n<li><a href=\"http:\/\/thefederalist.com\/#\"><\/a><\/li>\n<li><a href=\"http:\/\/thefederalist.com\/#\"><\/a><\/li>\n<li><a href=\"http:\/\/thefederalist.com\/#\"><\/a><\/li>\n<\/ul><\/div>\n<\/div>\n<p> <\/p>\n<h2> How might the $350 million fine and the ban on holding top positions in New York companies affect Trump&#8217;s ability to run for president\u200c again in 2024?<\/h2>\n<p><span>  \u2062 Ty testified that the statements made\u2063 by the\u200d Trump Organization were\u2064 &#8220;normal&#8221; and &#8220;consistent with industry practices.&#8221; He argued that valuing assets at their &#8220;highest and best use&#8221; was a common practice among <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cuomo-to-host-10000-a-ticket-campaign-fundraiser-in-nyc\/\" title=\"Cuomo to Host ,000-a-Ticket Campaign Fundraiser in NYC\">real estate developers<\/a>, which the Trump Organization did as well.<\/p>\n<p>Despite this defense, Judge Engoron stated that the evidence presented during\u2062 the trial showed a pattern of &#8220;persistently\u200c fraudulent&#8221; behavior by Trump and his organization. He highlighted instances where Trump would provide inflated financial statements to obtain loans, while simultaneously undervaluing his assets for tax purposes.<\/p>\n<p>The $350 million fine imposed on Trump is not the first financial setback he has faced during his post-presidency. In July 2020, the Supreme Court ruled that Trump must hand over \u2064his tax returns to the \u2062Manhattan District Attorney, Cy Vance \u200bJr., as part of an investigation into <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/are-the-charges-brought-against-the-trump-organizations-cfo-part-of-a-witch-hunt-experts-weigh-in\/\" title=\"Are The Charges Brought Against The Trump Organization\u2019s CFO Part Of A Witch Hunt? Experts Weigh In\">hush-money payments made<\/a> to women during the 2016 election campaign.<\/p>\n<p>The timing of this fine is significant, \u2064as it comes just two years before the next presidential election.\u200c Many see it as a\u200c deliberate attempt by \u200bDemocrats to financially cripple\u2063 Trump and potentially diminish his chances of running for president again in 2024.\u2063 The ban on holding top\u200b positions in New York companies for three years adds another \u2062hurdle for Trump, restricting his ability to\u200b exert influence over his own business empire.<\/p>\n<p>The reaction to the judge&#8217;s ruling has been mixed. Supporters of Trump argue that this is another politically motivated attack on the former president, while others believe that the\u2062 evidence presented during the trial justified the hefty fine. Some also argue that the ban on holding top positions in New York companies is a necessary consequence given the fraudulent behavior alleged against Trump \u2063and his organization.<\/p>\n<p>It remains to be seen how \u2062this ruling will impact Trump&#8217;s political future \u200band financial \u2062standing. With the hefty fine potentially wiping out his cash reserve,\u2063 Trump \u2064will have to carefully consider the financial implications of his next moves. For now, he continues to be a divisive figure, with his legal battles and controversies \u200battracting both staunch supporters and vehement opponents.<\/p>\n<p>As \u2064with many political cases, the true\u2063 impact of this ruling may only become clear\u200d in the years to come. Meanwhile, Trump and his organization face an uphill battle as they navigate\u2064 the legal and financial consequences of this judgment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump and the Trump Organization were fined $350 million by a New York judge, as Democrats aim to weaken the ex-president before the 2024 election. Justice Arthur Engoron held Trump responsible for conspiring to manipulate his net worth, according to The New York Times<\/p>\n","protected":false},"author":539,"featured_media":2178396,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2024\/01\/34252546901_796261c8af_o.jpeg","fifu_image_alt":"","footnotes":""},"categories":[546],"tags":[],"class_list":["post-2178395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist"],"fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2024\/01\/34252546901_796261c8af_o.jpeg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2178395","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\/539"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2178395"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2178395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2178396"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2178395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2178395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2178395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}