STATESIDE STORIES: Trump Slapped with Millions for Business Fraud

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by Mary Foran

A staggering fine of millions of dollars for fraudulent business practices

In a controversial civil fraud ruling, former US President Donald Trump has been ordered to pay a staggering $354 million for fraudulent business practices.

The case, brought by New York attorney Letitia James, accused Trump and his sons in a scheme to use fraud and misrepresentation to inflate Trump’s net worth and secure more favorable loan terms.

Letitia James, Attorney General of New York, sued Donald Trump

Trump was fined 354 million with 100 million in interest and was barred from serving as an officer in a New York company for 3 years.

Doanld Trump Jr, photo, along with his father Donald, his brother Eric, and ex-CFO Allen Weisselberg were fined millions and barred from holding certain jobs

Donald Trump Jr. and Eric Trump each were fined 4 million dollars and barred from serving as officers for 2 years.

The former chief financial officer of the Trump Organization, Allen Weisselberg, was ordered to pay 1 million.

Trump denies all wrongdoing and will appeal the ruling.

He is going ahead with his campaign for President in the 2024 election in November in spite of his court appearances and the rulings against him. By all counts, he is ahead in the polls and Joe Biden’s popularity is at an all time low.

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Images
Feaured image/Gage Skidmore, CC BY-SA2.o, cropped, vignetted, framed
Stacks of dollar bills/author information lacking, CC BY-SA3.0, cropped, Wikimedia Commons
Letitia James/Matthew James, CC BY2.0 via Wikimedia Commons, cropped
Trump Jr/Gage Skidmore, CC BY-SA2.0, Flickr