Judge Orders Trump to Pay $355 Million in NY Civil Fraud Case
Summary from the AllSides News Team
A judge on Friday ordered former President Donald Trump to pay $355 million in fines and barred him from participating in business in the state of New York for three years.
For Context: In 2022, New York Attorney General Letitia James sued Trump and other members of the Trump family for fraudulent business practices, accusing them of inflating the worth of properties in order to acquire more favorable bank loans. The trial did not have a jury, leaving the verdict solely in the hands of Judge Arthur Engoron.
Details: In addition to the fines and business ban on the former president, Engoron ordered Trump’s sons, Eric Trump and Donald Trump Jr., to pay more than $4 million in fines and banned them from serving as officers or directors in a New York business for two years.
Key Quotes: Engoron stated that the “defendants are incapable of admitting the error of their ways,” adding that the Trumps’ “complete lack of contrition and remorse borders on pathological.” Alina Habba, one of Trump’s lawyers, said they would appeal the verdict, labeling it “manifest injustice — plain and simple.”
How the Media Covered It: The New York Times (Lean Left bias) called the verdict a “career-defining victory” for James and a “crushing defeat” for Trump. The New York Post (Lean Right bias) stated the verdict “put a dent in Trump’s carefully groomed image.”
Featured Coverage of this Story
From the Left
Trump Ordered to Pay $355 Million and Barred From New York Business
A New York judge on Friday handed Donald J. Trump a crushing defeat in his civil fraud case, finding the former president liable for conspiring to manipulate his net worth and ordering him to pay a penalty of $355 million that could wipe out his entire stockpile of cash.
The decision by Justice Arthur F. Engoron caps a chaotic, yearslong case in which New York’s attorney general put Mr. Trump’s fantastical claims of wealth on trial. With no jury, the power was in Justice Engoron’s hands alone, and he came...
From the Center
Trump ordered to pay $355M in New York fraud case
A New York judge on Friday ordered former President Trump to pay nearly $355 million in penalties in a civil fraud case that has dealt a stark blow to his family’s business empire.
Judge Arthur Engoron’s 92-page decision came just weeks after closing arguments in the case following a months-long trial last year during which Trump frequently lambasted the judge and the prosecutor who brought the case.
New York Attorney General Letitia James (D) sued Trump in 2022, alleging he falsely altered his net worth on key financial statements to...
From the Right
Donald Trump ordered to pay $355M, barred from NY business in civil fraud case
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...
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