Staff Reports
Former President Donald Trump’s legal battles seem to be heating up yet again as he plans to make a valiant effort in his fight against a hefty $350 million fine slapped on him by the fine state of New York for alleged civil fraud. The legal debacle, which arose from a case mounted by New York Attorney General Letitia James, has resulted in not just Trump, but also his sons, and top Trump Organization executives, Allen Weisselberg and Jeff McConney, being embroiled in a web of legal woes.
The presiding judge, Arthur Engoron, didn’t pull any punches when he laid down the law, ordering Trump to cough up more than $350 million in penalties, and waving his gavel to ban him, along with Weisselberg and McConney, from holding any key roles in New York businesses or legal entities for a period of three years. As if that wasn’t enough, Trump’s sons were also directed to pay $4 million each and were banned for two years. Ouch!
Kevin J. O’Brien, who specializes in white-collar criminal defense, told the Washington Examiner he believed Engoron likely applied the statute as it was intended to apply.What happens now as Trump seeks to overturn civil fraud verdict? https://t.co/D0px0A02kN via @dcexaminer
— Ford O'Brien Landy LLP (@FordObrienLaw) February 21, 2024
Of course, it wasn’t all bad news for the Trump empire, as the judge showed some mercy by deciding against dissolving the former president’s business. But it’s not all sunshine and rainbows for Trump’s business, as it has been put on a three-year timeout from applying for loans from any New York institution.
But fear not, Trump isn’t waving the white flag just yet! He’s ready to take this legal battle to the next level by appealing the decision. The legal experts anticipate that this drama could stretch well into 2025. Hold onto your hats, folks, because it’s shaping up to be a wild ride!
The New York Attorney General, Letitia James, seems to have her eyes set on Trump’s assets, even threatening to seize them if he doesn’t cough up the massive fine within a short time frame. She’s not pulling any punches, folks!
But wait, there’s more! Trump is not just facing this colossal fine. He’s also staring down the barrel of a $100 million pre-judgment interest that continues to pile up. With all these bills coming his way, it looks like Trump might need to start penny-pinching.
Now, Trump’s legal team is gearing up to take the battle to the next level. One of their main arguments could hinge on the interpretation of the business law under which Trump was prosecuted. They’ll argue that the statute wasn’t intended for cases involving sophisticated financial actors, but was rather meant for consumer fraud cases. The legal eagles seem to think they might just have a fighting chance.
But hold on to your seats, buckle up, and grab your popcorn, because this legal battle is far from over. The courtroom drama could drag on for a year or even longer. It’s like waiting for the next season of your favorite TV show, except it’s real life!
So, with all this legal hoopla, it seems like Trump might need to dip into his piggy bank. But fear not, folks, it looks like there could be a glimmer of hope as Trump might find a lifeline by selling off some of his properties or hitting the jackpot with his new social media venture. It’s kind of like waiting for your lottery numbers to hit the jackpot.
In the midst of all this legal chaos, Trump is not one to sit back and wallow in his troubles. He recently made a surprise appearance at Sneaker Con, flaunting his limited-edition “Never Surrender High Top” shoes, which flew off the shelves faster than a hotcake at a Sunday brunch. It seems like Trump’s personal brand is still a force to be reckoned with, despite the legal storm brewing around him.
And if that’s not enough, a GoFundMe campaign started by a social media influencer has already raked in a hefty sum in donations. The tide might just be turning in Trump’s favor.
But wait, there’s more! Trump, who’s puffed up with pride about never declaring bankruptcy, might just need to navigate some choppy financial waters in the near future. But don’t worry about him. He’s a savvy businessman, and if there’s one thing we’ve learned from this political soap opera, it’s that Trump always seems to find a way to bounce back, bigger and better than ever!
So, fasten your seatbelts and get ready for the legal showdown of the century, because it looks like Trump is gearing up for a battle that could rival the wildest reality TV show. Stay tuned, folks! This drama is far from over.
