China News Service, February 17 (Xinhua) According to comprehensive US media reports, on the 16th local time, former US President Trump was fined more than US$350 million for exaggerating his net worth and constituting fraud.
Data map: Trump.
According to reports, a New York judge said that Trump inflated his net worth for about 10 years to obtain preferential interest rates from banks and insurance companies.
The judge also ruled that Trump would be barred from holding any top job at a New York company for three years and imposed a two-year ban on Trump's two sons, Donald Trump Jr. and Eric Trump. .
The ruling also prohibits Trump and his company from applying for any bank loans for three years, NBC reported.
New York State Attorney General James said that including pre-judgment interest, the total amount of the fine will exceed $450 million, and "will continue to increase every day" until the fine is paid.
The New York judge wrote in the ruling that there was a "complete lack of remorse" on Trump's part and that "they are accused of inflating the value of their assets in order to make more money. The relevant documents prove this time and time again."
NBC said that this decision may cause a potential blow to Trump, who is running for president, both financially and personally. When he first ran for president, Trump used his image as a successful businessman.
Trump said on the same day that he would appeal. He called the decision a "total scam" and claimed that the judicial system was politically biased against him. That night, he gave a speech at Mar-a-Lago, attacking the judge and prosecutors in the case as "corrupt."