The former president was found to have defrauded lenders
NEW YORK, NY — Former President Donald Trump must pay $354 million for fraudulent business practices, Judge Arthur Engoron ruled Friday.
Regarding the dissolution of Trump's companies, the decision says,"This Court hereby modifies its September 26, 2023, Decision and Order solely to the extent of removing the language ordering the LLCs cancellation en masse. The restructuring and potential dissolution of any LLCs shall be subject to individual review by the Court appointed Independent Director of Compliance in consultation with Judge Jones.
The judge added,"They are accused only of inflating asset values to make more money. The documents prove this over and over again. This is a venial sin, not a mortal sin."
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