The jury in Donald Trump’s criminal hush money trial has found the former president guilty of all 34 felony counts against him. They delivered their verdict late Thursday afternoon after two days of deliberations that spanned 9 1/2 hours.Former President Donald Trump returns to the courthouse moments before hearing that the jury had a verdict in his criminal trial at Manhattan Criminal Court, Thursday, May 30, 2024, in New York.
Trump Media’s stock was down about 9% in after-hours trading Thursday as news of the verdict emerged.since its debut in late March, joining the group of meme stocks that are prone to ricochet from highs to lows as small-pocketed investors attempt to catch an upward momentum swing at the right time. The stock has tripled this year, in the process frequently making double-digit percentage moves either higher or lower on a single day. It peaked at nearly $80 in intraday trading on March 26. For context, the S&P 500 is up almost 10% year to date.Trump could still vote for himself after New York conviction if he’s not in prison on Election DayFor the three-month period that ended March 31, the company posted a loss of $327.
Trump Media had previously cycled through at least two other auditors — one that resigned in July 2023, and another that was terminated by its board in March, just as it was rehiring BF Borgers. Trump was charged with 34 counts of falsifying business records at his company in connection with an alleged scheme to hide potentially embarrassing stories about him during his 2016 Republican presidential election campaign.to silence her claims of an extramarital sexual encounter with Trump in 2006. Trump was accused of misrepresenting Cohen’s reimbursements as legal expenses to hide that they were tied to a hush money payment.
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