"Trump Organization Hit with Millions in Fines for Fraudulent Dealings"

1 min read
Source: The Independent
"Trump Organization Hit with Millions in Fines for Fraudulent Dealings"
Photo: The Independent
TL;DR

Donald Trump Jr and Eric Trump have been fined over $8 million for their involvement in the Trump Organization's fraudulent business dealings, with the company being found liable for nearly $464 million. The court ruled that the organization had inflated Donald Trump's net worth and assets to secure better financing terms. Both sons have been ordered to pay roughly $4 million each and are barred from executive offices with any New York company for two years. Donald Trump is barred from holding such offices or getting loans from New York banks for three years. The Trump family plans to appeal the decision, with Donald Trump Jr framing the case as a politically-fueled witch hunt. These legal troubles could seriously impact Donald Trump's political career and brand.

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