NEW YORK — A New York judge ordered Donald Trump and his companies on Friday to pay $355 million in penalties, finding they engaged in a yearslong scheme to dupe
A New York judge has ordered Donald Trump and his companies to pay $355 million in penalties. The judge found they engaged in a yearslong scheme to dupe banks and others with financial statements that inflated his wealth. Trump won’t have to pay out the money immediately as an appeals process plays out, but the verdict still is a stunning setback for the former president. He also was barred from serving as an officer or director of any New York corporation for three years or from getting a loan from banks registered in the state. Trump calls the verdict a “Complete and Total sham.” Trump Organization Executive Vice Presidents Donald Trump Jr. and Eric Trump each were ordered to pay $4 million.
Donald Trump in a social media rant from Friday afternoon ripped a ruling fining him $355 million for carrying out fraud as a "complete and total sham."
In a victory for New York Attorney General Letitia James, former President Donald Trump and the Trump Organization were ordered to pay over $350 million in damages by Judge