"Judge Engoron's Verdict: Trump's Reckoning and Potential Appeal"

1 min read
Source: Newsweek
"Judge Engoron's Verdict: Trump's Reckoning and Potential Appeal"
Photo: Newsweek
TL;DR Summary

Judge Engoron is set to reveal the penalty against Donald Trump and his real estate company in response to New York Attorney General Letitia James' fraud allegations, which accuse Trump of inflating property values to obtain financial benefits. The penalty could reach $370 million, and Trump may face a ban from operating any business in New York state. With an estimated net worth of $2.6 billion, Trump's liquid assets could be significantly impacted by the combined penalties from this case and a separate defamation trial. Trump continues to deny any wrongdoing, claiming the case is politically motivated, while James asserts that the trial has exposed significant financial fraud.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

4 min

vs 5 min read

Condensed

87%

837108 words

Want the full story? Read the original article

Read on Newsweek