New York Attorney General Letitia James is advocating for a $370 million fine to be imposed on former President Donald Trump and his companies, alongside a lifetime prohibition for Trump and two former company executives from engaging in the real estate industry in the state.
The plea for these penalties was presented in post-trial motions filed on Friday in the Trump fraud case by attorneys from James’ office.
They outlined that Trump is liable for $168 million in interest, purportedly saved through fraudulent means.
$152 million from the sale of the Old Post Office building in Washington, D.C., which housed one of Trump’s hotels, NBC News reported.
$60 million via the transfer of the Ferry Point Golf Course contract, and $2.5 million arising from severance agreements for former Trump Organization chief financial officer Allen Howard Weisselberg and ex-Trump Organization controller Jeff McConney.
In addition to the financial penalties, James is urging for lifetime bans on Trump, Weisselberg, and McConney, preventing their participation in the real estate industry and barring them from serving as officers or directors in New York corporations or entities.
Furthermore, she is proposing five-year bans for Trump’s eldest sons, Donald Trump Jr. and Eric Trump, subject to the same restrictions.
Written by B.C. Begley
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B.C. Begley 