A court in New York has dropped a $ 500 million fine that donald trump had to pay. The American President was found guilty of financial fraud two years ago.
Trump and his family business, The Trump Organization, Inflated the Value of Their Assets and Equity. A Judge Imposed a fine of $ 355 Million on Him in 2023, which with interest would amount to almost half a billion dollars.
Trump Denied Any Wrongdoing and Appealed the Fine. A jury of five people has now overdourned that sentence.
By overestimating the Value of Assets and Equity, Trump and the Family Were Able to Obtain Favorable Loans, Low Premiums, and Tax Advantages, For Example, Accordination to the Indictment. The prosecutor stateed that Trump had Increased His Wealth by at Least $ 2.23 Billion.
The fact that the case is now bee dismissed is a major win for the American president in The Further Course of the Case, Writes The Wall Street Journal .