Trump fined 329 million, will lose control of his companies for three years

New York State Justice has sentenced Donald Trump to pay a fine of $355 million (329 million euros) By Fraud continues Over a period of 10 years.

Also, former President of the United States Will not be able to direct the company B.Garlic which his companies, The Trump Organization, operates three years, This work will be performed by an independent director, who will in turn work under the supervision of an administrator. Probably the administrator will be a former judge barbara jones, Joe has been in that position for several months when sentencing judge Arthur Angoron decided that the Trump family could not run their own companies. In January, shortly after taking office, Jones discovered that Trump had $48 million (45 million euros) hidden in company lines of credit that he had not declared.

Finally, Judge Angoron has barred Donald Trump from operating any type of business entity in New York State for three years.

The sentence is the end of a process that began when the Attorney General of New York – a position equivalent to the Minister of Justice in Spain, letitia james, condemned Trump in court for continued fraud over time. According to the allegations, Trump had inflated the value of his real estate assets to request loans from banks, but he had reduced it as much as possible in order to pay less taxes. In September, Angoron blamed Trump. Then came a three-month-long hearing marked by Trump’s verbal abuses against the judge, the prosecutor and practically everyone who stood in his way, which led Angkor to fine him $15,000 (13,900 euros).

James had requested a fine of $370 million, which the judge reduced modestly. Apart from 355 million, Donald Trump will also have to pay his two children –Don ‘Junior’ and Eric– They have to plead for four million dollars (3.7 million euros) each, and the financial director of the company, Allen Weisselberg, One million (930,000 euros). In total, there are 364 million, six less than those requested by the Prosecutor’s Office. Weisselberg has been disqualified from managing any business for life.

Trump achieved important victory amidst defeat: Angoron has decided not to impose mandatory and immediate closure of all business activities In New York state, that would mean for Donald Trump to give up ownership of his real estate assets in the city where his father built his empire and he has maintained it.

Overall, the financial blow is tough for Trump. If this is added to the $83.3 million (77.3 million euros) in compensation that must be paid for the sexual harassment of writer E. Jean Carroll, the former president has a legal bill of 438 million dollars (402 million euros) in just two months.

safely Trump will appeal against this new sentenceTherefore it seems very unlikely that the matter will be definitively resolved until after LElections on 5 November. In any case, the former president and this year’s presidential candidate will have to immediately spend millions of dollars to ensure that he has access to sufficient financing to complete his sentence.

In the sentence, Angoron spared no adjectives to attack Trump and his two children, with phrases like “His complete absence of remorse and remorse borders on pathological.”