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The Guardian - US
The Guardian - US
World
Edward Helmore and agencies

Trump penalties in New York fraud case formally set at more than $454m

glass skyscaper photographed from below, with sign reading 'trump tower'
Trump has the option of securing a $35m bond against his assets, which might include the Fifth Avenue Trump Tower in Manhattan. Photograph: Andrea Renault/ZUMA Press Wire/REX/Shutterstock

Donald Trump’s penalties in the New York civil fraud case for manipulating the value of his properties to obtain advantageous loan and insurance rates were formally set at more than $454m on Friday.

The judgment, which includes $354m in penalties plus $100m in pre-judgement interest following the three-month, non-jury trial that concluded on 16 February, will continue to accrue interest if the former president fails to pay.

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