My MBA Career: Trump ordered to pay $355 million, barred from running New York businesses for inflating net worth

Last Updated on February 17, 2024 by Robert C. Hoopes

Former President Donald Trump has been hit with a massive $355 million penalty in a civil case for fraudulently inflating his net worth. The punishment also includes a three-year ban on running any businesses in New York. Trump’s two adult sons and an associate are facing additional penalties, bringing the total in the case to $364 million.

Furthermore, in Georgia, there is a hearing to disqualify Fulton County District Attorney Fani Willis from the election interference case involving Trump and 18 others. The former president is currently facing a slew of legal challenges, including hush money trials and election interference cases.

New York judge Arthur Engoron issued the crushing penalty against Trump for financial fraud, with potential costs exceeding $400 million. Trump’s lawyers have indicated their intention to appeal the decision and may request a halt on the ban preventing Trump from serving in leadership roles in New York companies.

In the Georgia election interference case, prosecutor Nathan Wade’s divorce lawyer has refused to disclose details about Wade’s relationship with Willis, citing attorney-client privilege. Witnesses have testified in court about the relationship between Willis and Wade, with conflicting accounts about the timeline of their romance.

These legal developments in both New York and Georgia could have significant implications for Trump’s future political aspirations. The multiple legal challenges he is facing may hinder any potential comeback for the former president. Stay tuned for updates on this developing story.