Donald Trump ordered to pay $355M, barred from NY business in civil fraud case
Donald Trump,Letitia James,Eric Trump,Donald Trump Jr.,Trump Indictments,Trump Organization
A New York judge ordered that former President Donald Trump pay $355 million — and temporarily banned him from 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.
Trump, 77, will be barred from serving as an officer or director of any company in New York for three years, under the ruling from Manhattan Supreme Court Justice Arthur Engoron.
If it withstands an inevitable appeal, the decision could cause Trump to be stripped of control over Midtown’s Trump Tower and his other iconic New York properties.
Engoron also issued a two-year New York business ban against Trump’s two eldest sons and ordered them to pay $4 million each.
The 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.
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