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A New York judge has ruled that Donald Trump and his companies must pay a $355 million fine.
You do not have to pay this money right away as the appeal process is ongoing.
The Associated Press reported:
A New York judge on Friday found that Donald Trump and his companies engaged in a years-long scheme to defraud banks and others with financial statements that inflated his assets and ordered him to pay a $355 million fine. Ta.
Although Trump does not have to pay the money right away as the appeals process continues, the ruling is still a stunning setback for the former president.
If he is ultimately forced to pay, the fine would be large on top of his previous sentence and could significantly reduce his financial assets. And it undermines the successful businessman’s image as one that has been carefully orchestrated to enable his unlikely rise from reality TV star to once and perhaps future president.
Judge Arthur Engoron concluded that Trump and his companies were “likely to continue their misconduct” absent the fines and other restrictions he imposed. Engoron concluded that Trump and his co-defendants “failed to accept responsibility” and that the experts who testified on Trump’s behalf “just denied reality.”
Donald Trump responded to the ruling with multiple Truth Social posts.
President Trump said, “We have already won and we will appeal and continue the fight!”
Election interference and tyrannical abuse of power by a corrupt judge and a corrupt attorney general cannot be tolerated. My case has already been won in the Appellate Division, dispelling over 80% of his frivolous claims. But as I suspected, and in order to hurt me and the Republican Party politically, crooked and corrupt Judge Arthur Engoron ignored his Appellate Division defeat and filed a 355,000 million dollar penalty against me. They imposed an exorbitant fine of $10,000. Using a statute never before applied in this way, a corrupt judge conspired with unscrupulous Attorney General Letitia James to punish a liquid and beautiful corporate empire that started in New York and flourished around the world. .
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Page 2: There were no victims, and no one testified that there had been any fraud. Actual witnesses proved that my net worth exceeded what was reported in the financial statements because the financial statements did not include my most valuable asset, the TRUMP brand. A highly respected expert witness told me that my financial statements were among the best he had ever seen. I paid over $300 million in taxes to the city and state of New York and they want me gone. They are crazy lunatics who destroy everything in their path. It all starts with an attack on Biden’s political opponents!
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Page 3: The actual bankers involved in the loan transaction were the “whales” I highly sought after from their clients, and they had “one of the strongest personal balance sheets” I had ever seen. He testified that he was overqualified for the loan. These banks made more than $100 million in profits doing business with me and my company. But to justify his insane attacks on me and my family, this biased, Trump-hating judge ignored all of this, and Cohen admitted that he lied hundreds of times during the trial. Michael Cohen even said he was telling the truth, even though he lied in front of a judge on . trial. This shocking and corrupt interference with the free market for political gain puts every business transaction in New York at risk. We must ensure that corrupt politicians and judges cannot continue to abuse their power and violate the public’s trust. We have already won and will continue the fight with an appeal!
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