Trump receives a mega fine and is not allowed to work for companies in New York for the next three years | Abroad

Trump is also banned from applying for loans in New York for the next three years, nor is his company The Trump Organization. His sons Donald Jr. and Eric are banned from doing business in New York for the next two years. The judge appoints someone for the next three years to oversee the Trump family’s companies.

The judge specifically banned Trump and his sons from being “officers” or “directors” of a company, titles for executives and board members. According to the judge, they are “incapable of admitting the mistakes of their actions” and they deliberately ignored the fraud. “Their complete lack of remorse and remorse borders on the pathological.”

The case revolves around Trump and his company increasing their equity for years. By exaggerating the value of assets he could get tax breaks, favorable loans and low premiums. For example, he overestimated his net worth by $2.23 billion. He also increased the values ​​of his estate in Mar-a-Lago, his penthouse in Manhattan and several offices and golf courses.

Trump’s sons have also been convicted because they also worked for The Trump Organization. The former president has always denied doing anything wrong.

Trump called the case “a sham” and the judge’s ruling “a complete disgrace” in a response on his social medium Truth Social on Friday. In his message, Trump calls the judge “dishonest” and the prosecutor “totally corrupt.” The former president says he will appeal.

According to The New York Times the multi-million fine will cost Trump almost all his money. The former president announced last year that he has about 400 million dollars (371 million euros) in his account. According to the business magazine Forbes Trump owns about 2.6 billion dollars (2.4 billion euros), but most of this wealth consists of real estate.