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Trump's sanctions in New York fraud case officially set at more than $454 million | Donald Trump

Trump's sanctions in New York fraud case officially set at more than $454 million |  Donald Trump

 


Penalties against Donald Trump in the New York civil fraud case for manipulating the value of his properties to obtain favorable loan and insurance rates were officially set at more than $454 million on Friday.

The judgment, which includes $354 million in penalties plus $100 million in prejudgment interest following the three-month nonjury trial that ended Feb. 16, will continue to accrue interest if the former president does not pay.

Trump has two options to meet the state's demand: pay the full amount or secure a $35 million bond against his assets, which could include Trump Tower on Fifth Avenue, 40 Wall Street, his estate Mar-a-Lago or a number of golf courses in the United States.

In the finalized ruling, Judge Arthur Engoron also ordered Trump's adult sons, Donald Trump Jr. and Eric Trump, to pay nearly $4.7 million each, and former Trump Organization CFO Allen Weisselberg , to pay $1.1 million, all including interest.

The former president, who has repeatedly called the lawsuits a witch hunt, denies any wrongdoing and has said he will appeal.

The substantial sanctions ordered by Engeron sparked a new round of acrimonious comments between Trump and New York Attorney General Letitia James over the matter.

James told ABC News on Wednesday that she was prepared to seize the former president's assets if he was unable to pay the fine.

If he does not have the funds to pay the judgment, we will pursue mechanisms to enforce the judgment in court and ask the judge to seize his assets, James said in an interview with the network.

We're ready to bring judgment to New Yorkers, and yes, I watch 40 Wall Street every day, James added.

Trump lawyer Alina Habba rejected the threat, saying James' case and his threat to seize 40 Wall Street would not succeed.

I will tell you, this goal will not be successful and that is the message I can convey to everyone who is listening here. This will not succeed, Habba told Fox News.

In his ruling a week ago, Engoron said the defendants had shown a complete lack of contrition and remorse. [which] it bordered on the pathological when he imposed the fine and banned Trump for three years, and his adult sons for two years, from holding executive positions in any New York company or applying for loans with a bank registered in New York.

On Thursday, he rejected a request from Trump lawyer Clifford Robert to delay enforcement of the judgments for 30 days to allow for an orderly post-judgment process, particularly given the magnitude of the judgment.

Engoron told the lawyer that he had not explained, much less justified, any reason for the suspension. I am confident that the Appellate Division will protect your appeal rights.

Sources

1/ https://Google.com/

2/ https://www.theguardian.com/us-news/2024/feb/23/trump-penalties-new-york-fraud-case

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