Trump receives a huge fine and is not allowed to work in New York companies for the next three years outside

Trump is also barred from applying for loans in New York for the next three years, as is his company, the Trump Organization. His sons Donald Jr. and Eric are prohibited from doing business in New York for the next two years. The judge appoints a person for the next three years to supervise Trump family companies.

The judge specifically prohibited Trump and his children from being “officers” or “directors” of a company, and the titles of executives and board members. According to the judge, they were “unable to acknowledge the wrongdoing of their actions” and had deliberately ignored the fraud. “Their complete lack of remorse and remorse borders on pathology.”

The case revolves around Trump and his company increasing their stock for years. By overstating the value of assets, he can obtain tax breaks, favorable loans, and lower insurance premiums. For example, he overestimated his net worth by $2.23 billion. He also increased the value of his Mar-a-Lago properties, a Manhattan penthouse, several offices, and golf courses.

Trump's children were also convicted because they also worked for the Trump Organization. The former president has always denied any wrongdoing.

Trump called the case “sham” and the judge's ruling “a complete disgrace” in a response on his social networking site Truth Social on Friday. In his letter, Trump described the judge as “dishonest” and the prosecutor as “completely corrupt.” The former president says he will appeal.

according to New York times The multi-million fine would cost Trump almost all of his money. The former president announced last year that he had about $400 million (371 million euros) in his account. According to the business magazine Forbes Trump owns about $2.6 billion (2.4 billion euros), but most of this wealth consists of real estate.