Trump Fined $354 Million and Banned from NY for 3 Years – Judge Leaves His Empire Intact, Pending Investigations into Individual Businesses

NEW YORK – Former President Donald Trump has been banned from conducting business in New York for a period of three years and has been ordered to pay a fine of $354 million for providing false information about his wealth. Nevertheless, a crucial aspect was conspicuously absent from the judge’s ruling – a directive to dissolve all of Trump’s companies in the state.

In a surprising turn of events, Justice Arthur Engoron backed down from his initial ruling in the civil fraud case, issued punishments, and left Trump’s control over his extensive New York empire largely intact, at least temporarily. Instead, Engoron stated that any decision regarding forced sales would be contingent upon the findings of two appointed monitors regarding individual Trump-owned businesses.

The ruling comes as part of a broader legal battle surrounding Trump’s business practices and financial disclosures. The state of New York has accused Trump and his company, the Trump Organization, of inflating the value of assets to secure loans and obtain tax benefits. These allegations have led to a lengthy investigation and multiple legal actions against the former president.

Engoron’s decision to halt the dissolution of Trump’s companies is seen by legal experts as a significant development. It indicates that the judge is willing to collect more information before taking decisive action. The appointed monitors, who have yet to be named, will conduct a thorough examination of each of Trump’s businesses to determine if any further measures are necessary to prevent fraudulent activity.

The monitors’ investigation could potentially uncover additional violations, which could then lead to the forced sale or closure of specific Trump-owned companies. This process would contribute to holding Trump accountable for his alleged misconduct and could have serious implications for his business empire.

Trump’s legal team, however, celebrated the judge’s recent ruling. They argue that the decision acknowledges the importance of due process and that it demonstrates the judge’s willingness to consider all relevant information before making a final determination.

The battle over Trump’s business activities in New York is far from over, and the consequences of the court’s decisions will be closely watched by legal experts and political observers alike. The monitors’ findings will undoubtedly play a crucial role in shaping the future of Trump’s empire in the state, while the case itself serves as a reminder of the ongoing legal scrutiny surrounding the actions of one of the most polarizing figures in American politics.