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New York Gov. Cathy Hochul said Sunday that the $355 million fine imposed on Donald Trump for fraud will have no impact on the state’s business climate because most local entrepreneurs are following the law. He said no.
“got it [that the Trump ruling might make New York business people fearful]But this is truly a highly unusual situation, and New Yorkers who are law-abiding, rule-abiding businessmen are very different from Donald Trump and his actions, so there’s nothing to worry about.” Hochul spoke on WABC 770 radio’s “Cats Roundtable.” ‘.
Hochul said he had no role in determining the amount of the fine. The fine was decided by Manhattan Supreme Court Judge Arthur Engoron, who found that Trump inflated his net worth by billions of dollars to defraud banks and insurance companies.
Also read | Donald Trump’s New York City fraud trial: How can the former president pay a $354 million fine?
“The governor of New York doesn’t have a say in the amount of fines, and we want to make sure there’s not that level of interference,” Hochul said.
“You don’t want me as governor to tell a judge that I’m going to overturn the judge’s decision. We need a clear separation of powers,” she added.
New York City ‘will not be attacked’ for any mistakes: Hochul
Mr. Hochul assured New York merchants that they had nothing to fear because they were “generally honest people” who followed the rules and laws.
“This judge found that Donald Trump did not follow the rules.”
President Trump plans to appeal the fine, which could force him to sell some of his New York properties, including Trump Tower. He has already sold Ferry Point Golf Course in the Bronx to Bally’s.
Hochul also said he supports increased penalties for reckless e-bike, scooter and bicycle riders and opposes increasing MTA fares.
Also read | President Donald Trump tells supporters $355 million fraud fine is ‘a ploy to tamper with election’
“Public safety involves not only getting shot, or having your Apple phone stolen from your pocket while riding the subway, but also making sure you don’t get run over by these errant scooters and bikes. Included,” she said.
“You don’t get a raise unless it goes through me. We’re not going to the majors. [fare] increase to relieve [transit] The system is obsolete,” the New York City governor said.
“We’re trying to encourage people to use trains and subways. That’s how we deal with the crisis we’re facing.”
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