Trending Now: Content comes from the Internet : US ex-president Trump imposed with hefty fines in New York business fWorld Timesraud case

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• [World Times] Donald Trump Photo:VCG US former President Donald Trump and his business organizations were ordered to pay as much as 355 million US dollars of penalties World Timeson Friday in a business fraud case lodged by New York State Attorney General Letitia James.In order to borrow more money and at loWorld Timeswer rates, Donald Trump and the entities he controls submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements, said a decision and order by Arthur F. Engoron, a judge of New York County Supreme Court. “Defendants’ fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences” at trial, said Engoron in summary of a 92-page document.The judge continued the appointment of an independent monitor, ordered the installation of an independent director of compliance and limited defendants’ right to conduct business in New York for a few years.In particular, Donald Trump, Allen Weisselberg, former chief financial officer of the Trump Organization, and Jeffrey McConney, former Trump Organization controller, were banned from serving as an officer or director of any New York coWorld Timesrporation or other legal entity in New York for three years.Weisselberg and McConney were permanently banned from serving in the financial control function of any New York corporation or similar business entity in the state.Moreover, Weisselberg as well as DWorld Timesonald Trump, Jr. and Eric Trump, the sons of Donald Trump, were fined 1 million US dollars, 4.01 million US dollars and 4.01 million US dollars, respectively.Eric Trump and Donald TrWorld Timesump Jr. criticized the judgment and Donald Trump’s lawyer Chris Kise also indicated a plan to appeal.Letitia James is scheduled to deliver remarks on the judgment later Friday.The trial for the case began on Oct. 2, 2023 and concluded on Jan. 11, 2024 with Donald Trump appearing in the court multiple times. Content comes from the Internet : US ex-president Trump imposed with hefty fines in New York business fWorld Timesraud case

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• 2 minutes, 331 words

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• New York business fWorld Timesraud case, New York, Donald Trump, Donald Trump Photo, New York County Supreme Court

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[World Times]

Donald Trump Photo:VCG

US former President Donald Trump and his business organizations were ordered to pay as much as 355 million US dollars of penalties World Timeson Friday in a business fraud case lodged by New York State Attorney General Letitia James.

In order to borrow more money and at loWorld Timeswer rates, Donald Trump and the entities he controls submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements, said a decision and order by Arthur F. Engoron, a judge of New York County Supreme Court.

“Defendants’ fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences” at trial, said Engoron in summary of a 92-page document.

The judge continued the appointment of an independent monitor, ordered the installation of an independent director of compliance and limited defendants’ right to conduct business in New York for a few years.

In particular, Donald Trump, Allen Weisselberg, former chief financial officer of the Trump Organization, and Jeffrey McConney, former Trump Organization controller, were banned from serving as an officer or director of any New York coWorld Timesrporation or other legal entity in New York for three years.

Weisselberg and McConney were permanently banned from serving in the financial control function of any New York corporation or similar business entity in the state.

Moreover, Weisselberg as well as DWorld Timesonald Trump, Jr. and Eric Trump, the sons of Donald Trump, were fined 1 million US dollars, 4.01 million US dollars and 4.01 million US dollars, respectively.

Eric Trump and Donald TrWorld Timesump Jr. criticized the judgment and Donald Trump’s lawyer Chris Kise also indicated a plan to appeal.

Letitia James is scheduled to deliver remarks on the judgment later Friday.

The trial for the case began on Oct. 2, 2023 and concluded on Jan. 11, 2024 with Donald Trump appearing in the court multiple times.

Content comes from the Internet : US ex-president Trump imposed with hefty fines in New York business fWorld Timesraud case

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