[ad_1]
\n<\/p>\n
\u00a0<\/p>\n
New York: A New York judge on Friday ordered former US President Donald Trump and the Trump Organization to pay a fine of nearly USD 355 million in a civil fraud case.<\/p>\n
According to the 90-page judgement, Trump has been barred from acting as a company director in New York state for three years. His sons, Donald Trump Jr and Eric Trump, have also asked to pay a fine of USD 4 million each. They have been barred from serving as directors for two years.<\/p>\n
Donald Trump and his two adult sons had already been found liable for massively increasing the value of their properties by hundreds of millions of dollars in a trial that ended in January. However, Trump and his sons have denied any wrongdoing.<\/p>\n
The attorney general\u2019s office had requested the judge to ask Donald Trump to pay USD 370 million, which is USD 16 million less than ordered by the judge.<\/p>\n
Former Chief Financial Officer Allen Weisselberg was ordered to pay USD 1 million. Weisselberg was also blocked from New York business for three years, according to the order.<\/p>\n
Furthermore, Weisselberg and former controller Jeffrey McConney were banned for life from serving \u201cin the financial control function\u201d of any New York corporation or business entity.<\/p>\n
The judge said the independent monitor he installed to oversee Trump\u2019s business would continue functioning for three years, apart from the installation of an \u201cIndependent Director of Compliance.\u201d<\/p>\n
However, the judge reversed the decision ahead of the trial that ordered the cancellation of the defendants\u2019 business certificates. Although the judge stated that the order could be renewed.<\/p>\n<\/p><\/div>\n
[ad_2]
<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] \u00a0 New York: A New York judge on Friday ordered former US President Donald Trump and the Trump Organization to pay a fine of nearly USD 355 million in a civil fraud case. According to the 90-page judgement, Trump has been barred from acting as a company director in New York state for three […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-21375","post","type-post","status-publish","format-standard","category-world"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/21375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=21375"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/21375\/revisions"}],"predecessor-version":[{"id":21377,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/21375\/revisions\/21377"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=21375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=21375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=21375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}