0
0
President Donald J. Trump was ordered on February 16 to pay penalties amounting to $454 million after Judge Engoron concluded that he had fraudulently inflated his assets to enhance his net worth.
Fees Ordered by Manhattan Judge Arthur Engoron
The fees imposed by Judge Arthur Engoron included $355 million in disgorgement and over $98 million in prejudgment interest at a 9% annual rate. In addition, President Trump was prohibited from engaging in business as an officer or director in New York City for three years, as well as from seeking loans from any financial institution chartered or registered in New York.
Threats by AG Letitia James
AG Letitia James, who vowed to “get Trump,” warned of seizing President Trump’s valued New York properties, such as his Westchester golf course and Seven Springs estate, as he worked to fulfill the hefty $464 million bond payment.
President Trump’s Response
In a recent post on Truth Social, President Trump criticized the judge, referring to him as an “often overturned political hack,” in the context of what he perceives as a rigged and corrupt case by the Attorney General. President Trump defended his financial standing, stating that his wealth of nearly $500 million in cash was accumulated through hard work, talent, and luck, with the intention to utilize a substantial amount for his presidential campaign.
“Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for President. The often overturned political hack judge on the rigged and corrupt A.G. case, where I have done nothing wrong, knew this, wanted to take it away from me, and that’s where and why he came up with the shocking number which, coupled with his crazy interest demand, is approximately $454,000,000. I did nothing wrong except win an election in 2016 that I wasn’t expected to win, did even better in 2020, and now lead, by a lot, in 2024. This is communism in America!”
Image/Photo credit: source url
