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Legal experts analyzed what they called “breathtaking” civil penalties against former President Donald Trump, Donald Trump Jr., Eric Trump, former Trump Organization Comptroller Jeffrey McConney and ex-CFO Allen Weisselberg – warning other corporations based in the Empire State may realize they could suddenly be put out of business by the state on a political whim.
New York Supreme Court Judge Arthur Engoron found Trump liable for more than $350 million in damages in the fraud suit brought against him and his company by New York State Democratic District Attorney Letitia James.
Trump Sr., the Trump Revocable Trust and Trump Organization were found liable for $60 million, while Trump’s sons and Weisselberg were found liable for $4.01 million each – and Trump Sr. plus several entities including the Trump Organization and the LLC signifying Trump’s Chicago hotel were banned from applying for loans with institutions registered with New York for three years.
The three Trump family members …
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