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International Business Times
International Business Times
World
Gregory WALTON

Trump Fined $355 Mn, Banned From NY Business In NY Fraud Trial

New York Attorney General Letitia James in court behind Donald Trump (Credit: AFP)

A New York judge ordered Donald Trump to pay $355 million over fraud allegations and banned him from running companies in the state for three years Friday in a major blow to his business empire and financial standing.

Trump -- almost certain to be the Republican presidential nominee this November -- was found liable for unlawfully inflating his wealth and manipulating the value of properties to obtain more favorable bank loans or insurance terms.

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