Former President Donald Trump has been hit with penalties totaling over $454 million in a New York civil fraud case. This includes $354 million in penalties and $100 million in pre-judgment interest. The judgment will continue to accrue interest if Trump fails to pay. Trump has two options to meet the state’s demand: pay the amount in full or secure a $35 million bond against his assets, which include properties like the Trump Tower and Mar-a-Lago.
In addition to the penalties, Trump’s adult sons, Donald Trump Jr and Eric Trump, have been ordered to pay nearly $4.7 million each, and the Trump Organization’s former chief financial officer, Allen Weisselberg, has been ordered to pay $1.1 million. Trump has denied any wrongdoing and plans to appeal the ruling.
New York Attorney General Letitia James has stated that she is prepared to seize Trump’s assets if he cannot cover the fine. Trump’s lawyer has dismissed this threat, stating that it will not be successful.
The judgment in this case has sparked acrimonious comments between Trump and the New York attorney general. Judge Arthur Engoron imposed the fine and banned Trump and his sons from executive roles at any New York company or seeking loans from New York-registered banks for a period of time. Engoron also rejected a request to delay enforcing the judgments, stating that he is confident the appellate division will protect the appellate rights.
Overall, this case represents a significant legal setback for Trump, with a hefty penalty to pay if he does not comply with the judgment.
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