Donald Trump ordered to pay $355M, barred from NY business
A New York judge has issued a ruling in the $370 million fraud lawsuit against Donald Trump after finding him liable for inflating his net worth by billions to dupe banks and insurers.
Donald Trump’s days as a Big Apple real estate tycoon may be numbered.
A New York judge ordered that the former president pay $355 million — and limit his doing business in the state where he made his name — after finding Friday that he inflated his net worth by billions to dupe banks and insurers over the course of a decade.
The ruling from Manhattan Supreme Court Justice Arthur Engoron, if it withstands an inevitable appeal, could cause Trump, 77, to be stripped of control over Midtown’s Trump Tower and his other iconic New York properties.
Engoron’s decision capped a three-month civil trial that put a dent in Trump’s carefully groomed image as a mogul who grew his father’s company into one of the world’s most famous real estate brands before entering politics.
It also delivered a fresh financial blow to the 2024 Republican presidential frontrunner just weeks after he was slapped with an $83.3 million jury verdict in a defamation damages case in Manhattan federal court.
https://nypost.com/2024/02/16/us-news/judge-issues-ruling-in-donald-trump-370m-ny-fraud-case/