In a civil fraud case, a New York judge on Friday ruled that former US President Donald Trump and the Trump Organization must pay a penalty of almost USD 355 million.The 90-page ruling states that Trump will not be able to serve as a director of a firm in the state of New York for three years. Donald Trump Jr. and Eric Trump, his sons, have also requested to pay a USD 4 million fine apiece. Their two-year ban from acting as directors has been imposed.Donald Trump and his two adult sons were already found guilty of artificially inflating the worth of their properties by hundreds of millions of dollars. However, they have refuted any misconduct.Reacting to this, Trump has referred to the case as a political witch hunt and a fraud on me. Just a few weeks after the cases concluding arguments, Judge Arthur Engoron rendered his verdict in 2023, capping a trial that lasted many months.The office of the attorney general had asked the judge to order Donald Trump to pay USD 370 million—USD 16 million less than the judges order.Allen Weisselberg, the former chief financial officer, was made to pay USD $1 million. The order also prohibited Weisselberg from conducting business in New York for a period of three years.Weisselberg and former controller Jeffrey McConney were both permanently barred from holding any position in the financial control function within any corporation or commercial organization based in New York.A three-year period was stipulated by the judge for the operation of the independent monitor he appointed to supervise Trumps business, barring the appointment of an Independent Director of Compliance.Before the trial, the defendants company certificates were ordered to be canceled, but the judge overturned that decision. Despite the fact that the judge said the injunction might be extended.
