Former United States President Donald Trump will have to pay a fine of more than 350 million dollars (about 324 million euros) for several cases of fraud in his family business, the Trump Organization, as a judge in New York ruled this Friday.

Magistrate Arthur Engoron It also limited the former president’s ability to do business in the state for the next three years.

Trump is expected to appeal the decision, but so far he has not yet reacted on his Truth Social network, where he usually posts his comments.

The fine is divided into several charges against Trump and his companies (for a combined value of 355 million dollars, about 329 million euros), his two eldest sons (4 million dollars each, about 3.7 million euros), and a former executive of the company (one million dollars, about 928,000 euros), all of them accused by the Prosecutor’s Office of inflate asset figures to achieve advantages with insurers and banks.

The magistrate highlights “his complete lack of repentance”

Engoron had already considered all of them responsible for fraud in a summary decision, before the civil trial began. “His complete lack of repentance and remorse borders on the pathological,” the magistrate wrote in his decision.

The New York State Attorney’s Office, led by prosecutor Letitia James, claimed that Trump and the two accused executives, Allen Weisselberg and Jeffrey McConey, were prevented “for life” from participating in the real estate sector or exercise management of “any company or legal entity” in the state of New York.

Finally, Engoron decreed that Weisselberg and McConney They can never have financial control of any company of any kind in New York, and that Trump (in addition to the two executives) cannot serve as a director of any company or legal entity for three years in the state, or borrow from any entity registered in New York in the same period.

This will have immediate effects, for example, on Trump Tower, a hotel, restaurant and shopping complex located on New York’s iconic Fifth Avenue.

Howeverthe judge decided not to ratify the liquidation of the companies of the former president who ordered before the trial began (that decision was then paused by an appeals court).

The verdict was scheduled for the end of January

The verdict, highly anticipated by the media in the United States, was delayed for more than a week, as It was scheduled to be announced at the end of January.

The trial lasted about two months, and in it they settled six charges related to manipulation of asset figures in the Trump Organization’s financial documents to obtain advantages with insurers and banks.