Trump threatened with fines of at least $250m as New York fraud trial begins

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She is seeking at least $250 million in fines, a permanent ban against Mr Trump and his sons Donald Jr and Eric from running businesses in New York and a five-year commercial property ban against Mr Trump and the Trump Organization.Defence attorneys Christopher Kise and Alina Habba showered praise on Mr Trump and said that the lenders were grateful to have done business with him.

Engoron said in his ruling that the attorney general’s office will have to provide evidence of “some component of intent and materiality” in Trump’s fraudulent financial statements – meaning proof that he intentionally inflated his assets for financial gain. What could make things even worse is a hefty fine. The attorney general’s office will have to prove that there should be a disgorgement of profits from the Trump family, meaning they should have to give up the profits they made off their fudged financial statements.

 

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