Trump is appealing a $355 million fine for financial fraud

Trump is appealing a $355 million fine for financial fraud

In one of them, according to court documents released on Monday, the former president appealed the $355 million (R$1.77 billion) fine imposed on him by a New York court after it found that he had manipulated the values ​​of his properties. Fraudulently obtaining better credit terms.

Trump – whose nomination for the presidency of the Republican Party in the November elections is almost guaranteed – had promised to appeal Judge Arthur Engoron's ruling.

“President Donald J. Trump, Donald Trump Jr., Eric Trump, and Allen Weisselberg… file this with the Appellate Division,” reads the submission, which also includes my Republican politician son.

The appeal means that the case, and the significant financial risks it poses for the businessman, will remain on the table as the presidential campaign begins and perhaps even after the November elections.

In his decision, Engoron also barred the former president for three years, and his sons Donald Jr. and Eric for two years, from running companies in New York City.

Including pre-trial interest of 9%, Trump will be obligated to pay an amount of about US$454.157 million (R$2.26 billion at current exchange rates), according to the text of the appeal filed in the New York Supreme Court. Interest continues to accrue as long as the entire fine is not paid.

See also  Brazil's GDP will be the third smallest expansion in the world in 2022, warns the United Nations

You May Also Like

About the Author: Lucas Moreno

"Proud explorer. Freelance social media expert. Problem solver. Gamer."

Leave a Reply

Your email address will not be published. Required fields are marked *