JUST IN: A judge has ordered former President Donald Trump and his companies to pay nearly $355 million in a ruling in the New York civil fraud case. The former president is also barred from serving as an officer or director of any New York corporation or other legal entity in the state for three years. Trump is expected to appeal the decision. Read the full ruling.
The lawsuit: The judge had already found Trump is liable for fraud in the civil case, but New York Attorney General Letitia James was seeking $370 million in damages. James was also looking to bar Trump from doing business in the state, alleging that the former president, his adult sons and his company defrauded banks and insurance companies by inflating the value of Trump’s assets.
Why it matters: The case is civil, not criminal, but threatens Trump's business in New York. The trial in this case has served as a precursor to the four criminal trials Trump faces this year as he campaigns to regain the presidency.
Judge orders Trump to pay nearly $355 million in civil fraud trial
Wow, that's a pleasant surprise! What do you think"?
The lawsuit: The judge had already found Trump is liable for fraud in the civil case, but New York Attorney General Letitia James was seeking $370 million in damages. James was also looking to bar Trump from doing business in the state, alleging that the former president, his adult sons and his company defrauded banks and insurance companies by inflating the value of Trump’s assets.
Why it matters: The case is civil, not criminal, but threatens Trump's business in New York. The trial in this case has served as a precursor to the four criminal trials Trump faces this year as he campaigns to regain the presidency.
Judge orders Trump to pay nearly $355 million in civil fraud trial
Wow, that's a pleasant surprise! What do you think"?