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Joe Lancaster

Trump Ordered To Pay $364 Million for Inflating His Assets in Civil Fraud Trial

Donald Trump Arthur Engoron Letitia James MaraLago

On Friday afternoon, New York County Supreme Court Justice Arthur Engoron ordered Donald Trump, his companies, and some executives to pay $364 million. The former president is also barred from serving as an officer or director of any New York business for three years. Trump's lawyers indicated even before the judgment came down that they planned to appeal.

The judgment, part of New York Attorney General Letitia James' civil fraud lawsuit against Trump and his business, the Trump Organization, concerned fraudulent statements made on loan applications that allegedly allowed the former president to get more favorable terms than he would otherwise have qualified for.

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One subscription that gives you access to news from hundreds of sites

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