(GoRealNewsNow.com) – BREAKING NOW: Just moments ago, the judge in the fraud trial of former President Donald Trump’s family business threw the book at the business by fining it the maximum allowable under the law for having been convicted last month of 17 counts of fraud.
The fines totaled $1.6 million.
According to a just-issued account by the New York Post of what took place in the courtroom this morning:
“A Manhattan judge ordered former president Donald Trump’s family business to pay $1.6 million in fines Friday — the maximum allowable for the Trump Organization’s conviction on 17 counts of fraud last month.
“Judge Juan Merchan imposed fines on two Trump Org subsidiaries — The Trump Corporation, fined $810,000, and The Trump Payroll Corp., fined $800,000.
“The fine is the maximum penalty for the convictions last month allowable under the law.” [emphasis added]
Trump’s attorneys say they will be appealing the convictions.
While the former president was not personally named as a defendant in the case, the outcome of the matter may foreshadow coming legal troubles.
As the Post notes:
“The Trump Organization’s conviction and sentencing don’t end Trump’s battle with Manhattan District Attorney Alvin Bragg, who has said a related investigation of Trump that began under his predecessor, Cyrus Vance Jr., is “active and ongoing,” with a newly hired prosecutor leading the charge.
“At the same time, New York Attorney General Letitia James is suing Trump and the Trump Organization, alleging they misled banks and others about the value of its many assets, a practice she dubbed the ‘art of the steal.’” [emphasis added]
Real News Now will continue to monitor these additional cases and events.
THIS IS A BREAKING NEWS ITEM FROM REAL NEWS NOW.
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