"Trump's Business Empire Faces Crushing Blow in Fraud Trial Ruling"

1 min read
Source: The Associated Press
"Trump's Business Empire Faces Crushing Blow in Fraud Trial Ruling"
Photo: The Associated Press
TL;DR Summary

A New York judge spared Donald Trump from the "corporate death penalty" in a civil fraud case, but imposed significant penalties including a $364 million judgment, banned Trump from serving as an officer or director in any New York corporation for three years, and prohibited him from taking out loans with New York banks. The ruling will likely impact Trump's business by draining cash, restricting his ability to influence the company, and potentially limiting access to traditional bank loans, although alternative financiers may still be an option.

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