Top businesses appear to be rethinking their investment strategies after radical Judge Arthur Engoron hit President Donald Trump’s company with a $355 million fine for simply doing business in the state.
The fine was issued in the politically motivated case brought by career Democrat New York State Attorney General Letitia James.
James, who assumed office in January 2019, ran her election campaign on a promise to “get Trump” on unspecified charges.
In order to keep this promise, James launched a civil “fraud” case against Trump and his family business.
Trump was accused of “fraud” for taking out loans in New York State and paying them back to the banks on time and with interest.
Judge Engoron, who was overseeing the case, agreed that Trump committed “fraud” by allegedly overinflating the value of his properties.
Engoron determined this by arguing that Trump’s Mar-a-Lago is only worth $18 million, despite property experts placing the value of the Palm Beach resort in the 9 figures.
Engroon sided with James and ordered Trump to pay $355M in “damages,” despite there being no “victims” in this so-called crime, and all those involved in the deals were happy with the outcome.
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