The judge's ruling bars former President Donald Trump from conducting business in New York for three years. Trump has vowed to appeal.
Former President Donald Trump and the Trump Organization must pay $354 million in fines, a judge ruled Friday, issuing his long-awaited judgment in the state's civil fraud case. The decision also bars them from seeking loans from financial institutions in New York for a period of three years, and includes a three-year ban on Trump serving as an officer or director of any New York corporation.Judge Arthur Engoron handed down his judgment in a 92-page decision on Friday.
The trial, which began in October and wrapped up in January, focused on other aspects of the lawsuit related to alleged falsification of business records, issuing false financial statements, insurance fraud and conspiracy.The financial penalty James sought, known as disgorgement, is meant to claw back the amount Trump and his company benefited from the scheme.
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Judge fines Trump, co-defendants millions in New York civil fraud trialThe former president was found to have defrauded lenders
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Judge rules against Trump in NY civil fraud case; orders him to pay more than $350MA New York judge ruled Friday against Donald Trump, imposing a $364 million penalty.
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Donald Trump fraud verdict: $364 million penalty in New York civil caseTrump also has been barred from serving as an officer or director of any New York corporation for three years. His lawyers vowed to appeal.
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Trump trial date set for March in New York hush money caseA judge on Thursday set jury selection to begin March 25 in former President Donald Trump’s trial on charges that he falsified business records during his successful 2016 presidential campaign.
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Trump ordered to pay nearly $355M for fraudulent business practices in New YorkA New York judge has ordered former President Donald Trump and executives at the Trump Organization to pay nearly $364 million.
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