Staff Reports
President Trump was hit with another legal setback recently, but hey, it’s not all doom and gloom for the former president! The judge in the case, Arthur Engoron, slapped Trump with a hefty fine of over $350 million and also made sure to throw the book at his adult sons. Ouch! But wait, there’s a silver lining – Trump’s businesses in New York weren’t completely torn down to the ground.
Now, let’s talk about Judge Engoron – quite the character, huh? Initially, he wanted to dissolve Trump’s business certificates in New York, which had everyone in a tizzy about what would happen to properties like Trump Tower. But hold your horses, folks! In a surprising turn of events, Judge Engoron decided to backtrack a bit in his recent ruling and said, “Hey, maybe we won’t cancel those business certificates after all.”
Judge Arthur Engoron’s staggering civil fraud ruling against President Trump did hand him one key victory: the judge will no longer dissolve the former president’s businesses.
Here's what we know about why he pulled back: https://t.co/kUbVlAoSpC
— The Hill (@thehill) February 16, 2024
Sure, Trump may have dodged a bullet with his businesses, but the judge still packed quite a punch in his ruling. Trump and his boys are now banned from high-ranking positions in any New York corporations for a while. And forget about getting any loans from state-registered institutions – that’s a no-go for the next three years!
But wait, there’s more! An independent compliance director will now be breathing down Trump Organization’s neck to make sure they follow all the financial rules. And to top it off, a retired federal judge will be keeping a close eye on Trump’s business moves. Talk about having someone look over your shoulder all the time!
So, what’s the moral of the story here? While Trump may have caught a break this time, the legal storm clouds are still looming over his head. With his eye on reclaiming the White House, Trump better watch his step because the legal eagles are circling overhead, ready to pounce on any misstep. Let’s see if he can navigate through this legal labyrinth and come out unscathed. It’s going to be one heck of a ride!
