A judge in New York has imposed a $355 million penalty civil fraud lawsuit filed against former President Donald Trump.
Former President Donald Trump and his lawyer Christopher Kise attend the closing arguments in the Trump Organization civil fraud trial at New York State Supreme Court on Jan. 11, 2024 in New York City.NEW YORK — A judge in New York has imposed a $355 million penalty in a civil fraud lawsuit filed against former President Donald Trump.Former President Donald Trump spoke Friday from Mar-a-Lago in South Florida after Judge Arthur Engoron made a ruling in the New York civil fraud case.
“We proved just how much Donald Trump, his family and his company unjustly benefited from his fraud,” she added. Trump’s sons, Eric Trump and Donald Trump Jr., are both not allowed to serve as an officer or director of any corporation in New York for about two years. According toTrump, his adult sons and his business are accused of lying about the value of their properties for years in order to get more favorable terms from insurers lenders and insurers. Trump allegedly inflated his net worth by as much as $3.
“Donald Trump illegally profited off his years of financial fraud,” James said in January. “Everyday Americans can’t lie and cheat the system for their own personal profit, and neither can former presidents.”ruled in September that Trump had committed fraud
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