On Friday, an American judge issued a decision to fine former US President Donald Trump and ban him from managing his companies in New York for 3 years, after he was convicted in a fraud case.
An American judge ruled, on Friday, to ban former US President Donald Trump from managing his companies in New York for 3 years, and fined him to pay approximately $355 million.
Judge Arthur Engoron, a member of the New York State Supreme Court, issued a decision to revoke the business licenses of Trump and his two sons for 3 years, after he was convicted in a fraud case, which means preventing them from holding management positions in any company, or requesting loans from any bank in the state of New York.
Trump was also imposed on a fine of approximately $355 million.
The judge retained the independent monitor he had appointed to supervise the family business, which displeases Trump, and added an independent director to verify compliance with the provisions.
Trump's lawyer denounced the judicial ruling issued against her client.
A statement by lawyer Alina Haba on the “X” platform said, “This ruling is simply and clearly unjust,” adding: “It is the culmination of a politically motivated persecution campaign that has been ongoing for several years, aiming to eliminate Donald Trump.”
Later, Trump denounced the “sham” trial. He said in a statement on his Truth Social platform, “This decision is completely sham,” describing the judge as “crooked” and the prosecutor as “corrupt.”
In a statement to reporters, Trump stressed that “no fraud occurred,” denouncing “the exploitation of the judiciary against a political opponent who is significantly ahead in the polls.”
While Trump is expected to appeal the ruling, legal experts do not see the possibility of him avoiding paying the majority of the fine due to him immediately.
The Trump Organization, which includes hundreds of companies, manages a group of properties, especially the Trump Tower in Manhattan, the skyscraper on Wall Street, and the Trump Park Avenue Hotel.
If Trump violates the terms of the ruling, these assets may be seized, according to legal experts
Forbes magazine estimates the value of Trump's New York real estate at about $690 million.
His wealth is estimated at $2.6 billion, including $870 million worth of his golf clubs and resorts, $190 million in real estate outside New York City, and $640 million in “liquidity and personal assets.”
New York State Attorney General Letitia James stressed the fraudulent practices adopted by Trump and his sons in their businesses, according to her.
On Friday, she said that the former president “will finally be held accountable for his astonishing lies, deceit, and fraud.”
NATO Secretary General: There is no nuclear deterrence for Europe without Washington’s participation
NATO Secretary-General Jens Stoltenberg considered it useless to talk about a European nuclear deterrent force, especially without the participation of the United States of America, following calls made by German politicians to reduce dependence on Washington to protect the continent's security.
NATO Secretary General Jens Stoltenberg stressed that talking about a nuclear deterrent force for Europe in which the United States does not participate is "not useful."
Stoltenberg spoke in statements today, Saturday, during his participation in the annual Munich Security Conference, held in the German city of Munich.
Stoltenberg said that any questioning of NATO's current nuclear deterrent "will only serve to undermine NATO at a time when we really need a credible deterrent."
In recent weeks, some German politicians have raised the possibility of Europe developing its own nuclear deterrent force so that it becomes less dependent on the United States to defend the continent.
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