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Quoted By:
https://www.bbc.com/pidgin/articles/c51rl7geq9wo
On Friday, one New York Judge go decide di future of Donald Trump family business wen im deliver im verdict for di former president civil fraud trial.
Already dem don find di former president, im adult sons and im namesake company guilty for mago-mago wey dem do to inflate di value of assets for statements to lenders.
Prosecutors bin ask di judge to fine Oga Trump $370m (£291m) and im put restrictions on im ability to conduct business for di state.
Dat na plenty money, even for a billionaire. Legal experts tell BBC say penalty like dat wey dey dis large, couple wit a potential final verdict wey fit greatly impact im real estate empire, fit deliver a serious blow to Oga Trump finances.
"Im no go suddenly become working class," na wetin former federal prosecutor Diana Florence tok. "But e go just be plenty of cash. Im wealth go reduce well-well."
>Why Trump fit chop $370 million fine?
Di New York Attorney General Letitia James tell di court say na $370m be di right amount for di Trumps to pay in disgorgement, a financial penalty wey go involve paying back di money wey dem gain through fraudulent means.
She calculate am based on three factors: money Oga Trump allegedly make as interest rate savings on loans due to im misstating im assets; "bonuses" dem pay to Trump Organization employees wey participate for di scheme; and profit dem realise from two property deals wey Madam James allege say dem get fraudulently.
E dey up to Judge Arthur Engoron to determine di financial penalties wen im deliver im ruling.
Whatever di amount, Oga Trump go also get to pay annual interest on top dat fine, wey go back several years to wen di allege offences bin take place. New York 9% interest rate mean say Oga Trump fit get to pay an additional nine-figure sum on top of di penalty.
On Friday, one New York Judge go decide di future of Donald Trump family business wen im deliver im verdict for di former president civil fraud trial.
Already dem don find di former president, im adult sons and im namesake company guilty for mago-mago wey dem do to inflate di value of assets for statements to lenders.
Prosecutors bin ask di judge to fine Oga Trump $370m (£291m) and im put restrictions on im ability to conduct business for di state.
Dat na plenty money, even for a billionaire. Legal experts tell BBC say penalty like dat wey dey dis large, couple wit a potential final verdict wey fit greatly impact im real estate empire, fit deliver a serious blow to Oga Trump finances.
"Im no go suddenly become working class," na wetin former federal prosecutor Diana Florence tok. "But e go just be plenty of cash. Im wealth go reduce well-well."
>Why Trump fit chop $370 million fine?
Di New York Attorney General Letitia James tell di court say na $370m be di right amount for di Trumps to pay in disgorgement, a financial penalty wey go involve paying back di money wey dem gain through fraudulent means.
She calculate am based on three factors: money Oga Trump allegedly make as interest rate savings on loans due to im misstating im assets; "bonuses" dem pay to Trump Organization employees wey participate for di scheme; and profit dem realise from two property deals wey Madam James allege say dem get fraudulently.
E dey up to Judge Arthur Engoron to determine di financial penalties wen im deliver im ruling.
Whatever di amount, Oga Trump go also get to pay annual interest on top dat fine, wey go back several years to wen di allege offences bin take place. New York 9% interest rate mean say Oga Trump fit get to pay an additional nine-figure sum on top of di penalty.
