Trump and his associates were found liable by a New York judge on Friday for decades of business fraud, ordering him to pay $370 million in penalties.
court on Friday for committing decades of business fraud through his real estate empire, the Trump Organization, and a court ordered them to pay roughly $364 million in penalties.ordered Trump and his companies to pay millions of dollars to the state, while his adult children and other associates under the Trump Organization were ordered to pay additional fees in the millions.
, a Democrat, alleging that Trump, his two adult sons, and two Trump Organization executives committed business fraud through years of false statements aimed at securing more favorable loans and other financial terms. James accused them of doing this in part by exaggerating the value of some of Trump’s most prized assets, such as the Trump Tower in Manhattan.
Two of Trump’s attorneys who handled the case, Chris Kise and Alina Habba, slammed the decision on Friday, with Kise likening the ruling to “corporate ‘death penalty.'”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump fraud verdict: $364 million penalty in New York civil caseTrump also has been barred from serving as an officer or director of any New York corporation for three years. His lawyers vowed to appeal.
Read more »
Judge rules against Donald Trump, imposes $364 million penalty in former president’s New York civil fraud caseA New York judge ruled Friday against Donald Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated…
Read more »
Judge rules against Trump, imposes $364M penalty in former president's NY civil fraud caseA judge on Friday ruled against former President Donald Trump and imposed a $364 million penalty in his New York civil fraud case.
Read more »
Verdict reached in Trump civil fraud trialThe judge ruled against Trump, imposing a $364 million penalty. He also barred Eric Trump and Donald Trump Jr. from serving as an officer or director of any New York corporation for two years.
Read more »
Today in New York at 7 a.m. — Watch Live Coverage From NBC 4 New York on the NBC New York app and streaming channelBookmark this page for regularly-scheduled newscasts and breaking coverage from NBC 4 New York.
Read more »
Trump trial date set for March in New York hush money caseA judge on Thursday set jury selection to begin March 25 in former President Donald Trump’s trial on charges that he falsified business records during his successful 2016 presidential campaign.
Read more »