Trump ordered to pay over $350 million in fraud case
Photo: Former U.S. President Donald Trump (Getty Images)
A New York court ordered Donald Trump to pay more than $350 million. He was found guilty of intentional financial fraud for ten years, reports The Guardian.
The judge also banned Trump from serving as a manager or director of any New York corporation for three years.
In the lawsuit filed by New York Attorney General Letitia James, Trump and his family business are accused of overstating his fortune by $3.6 billion a year for ten years. This was done in order to deceive bankers for better loan terms.
At the trial, Trump denied his guilt and called the case a political vendetta. Trump is expected to appeal Friday's decision.
Donald Trump's problems with presidential nomination
The head of the Maine Election Commission, Shanna Bellows, on December 28 excluded Trump from the ballot for the 2024 election. The decision is based on the 14th Amendment of the U.S. Constitution. It prohibits the organizers and participants of the rebellion, which the court recognized as the storming of the Capitol by Trumpists on January 6, 2021, from participating in the elections.
On December 20, the Colorado Supreme Court also banned Trump from participating in the state's primary because of the 14th Amendment.
Trump's team appealed the decision to the U.S. Supreme Court. The court's decision is likely to be applied throughout the country.
Trump denies wrongdoing related to the storming of the Capitol and considers the legal claims baseless.
