/ 20 February 2024

Trump takes a hit

Image source: Flickr
Image source: Flickr

Former US President Donald Trump has vowed to appeal a New York judge’s ruling that he, 2 of his sons and other Trump Organisation associates must pay about A$544 million to the state of New York after being found guilty of fraud. Judge Arthur Engoron found the Trump Organisation lied about the value of its property portfolio. Trump was also banned from serving as a company director in New York for 3 years, while his two eldest sons have been banned for 2 years each. Trump made his business name through his Manhattan property empire in the decades before he became president. Speaking in Florida, he said he’d “built a perfect company”, and described it as a political witch hunt. He’s estimated to owe more than A$831 million in legal debts after this latest ruling. His foray into sneaker design might be a way to help recoup some losses…

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