Donald Trump Hit with $350 Million Penalties in Business Fraud Trial: Is This the End of the Deal?

Trump Ordered to Pay Millions in Penalties and Faces Bans

In a stunning ruling Donald Trump has been slapped with over $350 million in penalties as part of a civil business fraud trial. This comes as another major blow to the former president's reputation and financial standing. The judge also handed down bans that could severely impact Trump's future business dealings.

Judge Engoron Sends a Clear Message on Business Fraud

Manhattan Supreme Court Judge Arthur Engoron made it clear that New York means business when it comes to combating fraudulent activities in the business world. In a scathing 92 page ruling he highlighted the severity of the errors made by Trump and his associates and emphasized the importance of upholding the law.

Trump's Attorney Remains Optimistic despite Setback

Trump's attorney Chris Kise expressed confidence in appealing the ruling. In a statement he pointed out the alleged errors made by the trial court and expressed hope that the Appellate Division would correct them. However the appeals process could take several years leaving Trump's fate uncertain.

Explosive Trial Exposes Alleged Fraudulent Activities

The trial revolved around accusations of fraudulently inflating Trump's assets to boost his net worth and gain financial perks. New York Attorney General Letitia James filed the lawsuit targeting Trump his adult sons his company and top executives. The trial uncovered shocking revelations that have tarnished Trump's reputation even further.

Eric and Donald Jr. Face Steep Fines and Bans

In addition to the penalties imposed on Trump his sons Eric and Donald Jr. are also hit with hefty fines. Each of them will have to pay over $4 million and face a two year ban from serving as officers or directors of any New York corporation or legal entity. The repercussions of this trial are far reaching.

Trump Organization Avoids 'Corporate Death Penalty'

While the judge handed down significant penalties and bans he refrained from pursuing a 'corporate death penalty' that would have canceled the defendants' business certificates. This decision comes as a relief to the Trump Organization but it is not without consequences for other key players involved.