In a significant ruling, a judge has ordered former President Donald Trump and his company, the Trump Organization, to pay a total of $362 million in a civil fraud trial case. The 92-page ruling found that Trump, his sons Donald Trump Jr. and Eric Trump, and the company's former chief financial officer, Allen Weisselberg, engaged in fraudulent activities by issuing false financial statements. The purpose of these statements was to obtain favorable rates from banks and insurers.
The judge's ruling closely aligns with what the New York Attorney General's office was seeking, which was a judgment of $370 million. The breakdown of the judgment reveals that Donald Trump himself is liable for approximately $354 million, while Eric Trump and Donald Trump Jr. are each responsible for $4 million. Allen Weisselberg, the former CFO, is liable for $1 million.
