Tag

Business Ban

All articles tagged with #business ban

legal-politics1 year ago

"Donald Trump Faces $355M Payment and NY Business Ban in Civil Fraud Case"

A New York judge has ordered former President Donald Trump to pay $355 million and barred him from doing business in the state for inflating his net worth by billions to deceive banks and insurers over a decade. Trump's two eldest sons were also banned from New York business and ordered to pay $4 million each. The judge found that Trump exaggerated the value of assets like Mar-a-Lago and Trump Tower on financial filings, and the defendants were ordered to pay a total of $364 million. Trump's lawyer called the ruling a "manifest injustice" and expressed confidence in overturning it on appeal.

legal-politics1 year ago

"Trump's Financial Future: Legal Battles and Cash Woes"

Following an $83 million ruling against him, former President Donald Trump faces potential financial penalties and a business ban in New York as Judge Arthur Engoron is expected to issue a decision in a civil fraud case brought by the New York attorney general. Legal experts suggest that the real consequences lie in Engoron barring Trump and his company from conducting business in the state, potentially leading to substantial financial penalties and dissolution of Trump's business entities. The attorney general seeks a business ban on Trump in New York and a $370 million payment, representing what she considers saved interest and "ill-gotten gains."