Trump Ordered to Pay $364M in NY Civil Fraud Trial; Sons Must Pay $4M – No Victims, Repaid Loans

By | February 16, 2024
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– NY civil fraud trial
– President Trump.

President Trump Ordered to Pay $364 Million in Civil Fraud Trial

In a landmark ruling, President Donald Trump has been ordered by Judge Engoron to pay a staggering $364 million in a civil fraud trial. This decision also applies to Trump’s sons, Donald Trump Jr. and Eric Trump, who have been directed to pay $4 million each.

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This case has attracted significant attention due to the absence of any victims and the fact that all loans related to the alleged fraud were repaid. Even the banks involved in the case testified in the defense of the accused individuals.

The Verdict

Judge Engoron’s verdict comes as a shock to many, as it imposes a substantial financial burden on President Trump and his family. The $364 million penalty is one of the largest ever imposed in a civil fraud trial, further highlighting the significance of this case.

The Allegations

The civil fraud trial revolved around allegations that President Trump and his sons misled investors in several real estate projects. It was claimed that they had inflated the value of properties to secure larger loans, deceiving both lenders and potential buyers.

The Defense’s Argument

Throughout the trial, President Trump and his legal team vehemently denied the allegations, stating that all loans were repaid in full and on time. They argued that the prosecution failed to provide any evidence of wrongdoing and that the case was politically motivated.

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Public Reaction

The verdict has generated mixed reactions from the public. Supporters of President Trump argue that the ruling is unjust, emphasizing the lack of victims and the repayment of all loans. On the other hand, critics of the president view the verdict as a significant blow to his credibility and reputation.

Implications for President Trump

The financial consequences of this ruling could have a significant impact on President Trump’s future endeavors. With such a substantial penalty to pay, it remains to be seen how this will affect his business ventures and potential political aspirations.

Legal Precedent

This case sets an important legal precedent, as it demonstrates the potential consequences for individuals accused of civil fraud. The ruling sends a clear message that even without direct victims, those involved in fraudulent activities may face severe financial penalties.

The Way Forward

President Trump and his legal team are likely to appeal the ruling, seeking to overturn the decision and alleviate the financial burden imposed on them. The appeals process could take months or even years, adding further complexity to an already contentious legal battle.

Conclusion

The civil fraud trial and subsequent verdict against President Donald Trump and his sons have sent shockwaves throughout the country. With a staggering $364 million penalty, this case serves as a reminder of the potential consequences of fraudulent activities, even in the absence of direct victims. As the appeals process begins, the future remains uncertain for President Trump and his family..

Source

@ULTRA_MAJESTY said #BREAKING NEWS: In the NY civil fraud trial, Judge Engoron orders President Trump to pay $364 million Million. Donald Trump Jr. and Eric Trump are also ordered to pay $4 Million. This is a case with zero victims, all loans were repaid, and the banks even testified in defense…

RELATED STORY.

1. NY civil fraud trial
2. President Trump, Donald Trump Jr., Eric Trump, and banks testified in defense.