Donald Jr. and Eric, the adult sons of former President Donald Trump, were ordered to pay $4 million each after being found liable on multiple counts of fraud, including falsifying financial reports. and business records and conspiracy.
They also will not be able to hold office as an officer or director of any New York corporation or other legal entity for two years.
Trump and his companies must pay almost US$355 million (R$1.7 billion).
The Republican was found responsible for issuing false financial reports, falsifying business records and conspiracy, following a lawsuit filed by New York Attorney General Letitia James.
James accused Trump and the other defendants of fraudulently inflating the value of their assets to obtain more favorable loan and insurance rates.
Trump banned from holding executive positions in companies
Judge Arthur Engoron also banned former President Donald Trump from holding office as an officer or director of any New York corporation or other legal entity for a period of three years.
Trump is also prohibited from requesting loans from any financial institution registered with the New York Department of Financial Services for three years.
Still, the judge did not dissolve the Trump Organization's business certificates, as he had initially established in his summary judgment issued last year.
Engoron explained that the September order was “modified only in the sense of revoking the directive to cancel the defendants’ business certificates.”
He therefore highlighted that a monitor he installed at the company should remain in place for at least three years and that an independent compliance officer should be installed at the company's expense.
Trump lawyer says she will appeal
Donald Trump's lawyer and legal spokeswoman Alina Habba responded in a statement that Arthur Engoron's decision is “manifest injustice — pure and simple” and expressed confidence that the decision will be overturned on appeal.
“It is the culmination of a multi-year, politically fueled witch hunt that was designed to 'take down Donald Trump,' before Letitia James set foot in the Attorney General's office,” the statement continues.
Habba highlighted that “given the serious risks”, they plan to appeal the decision.
Source: CNN Brasil
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