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NEW YORK (AP) — Donald Trump suffered a big blow Friday as a New York judge ordered the former president and his companies to pay $355 million in penalties for what the judge described as a scheme to deceive banks and insurers by exaggerating his wealth on his annual financial statements.
A crushing final judgment in a sprawling fraud case against Donald Trump and his real estate empire will force the former president, his adult sons, their chief associates and the entities under his control to pay more than $364m to the state of New York.
Watch as New York Attorney General Letitia James speaks on the civil fraud trial against Donald Trump and the Trump Organization on Friday 16 February.
Donald Trump took a huge hit today in the two places where it tends to hurt him most: his wallet and his business-wizard image.
Michael Cohen, who served as the vice president of the Trump Organization and as counsel to former president Donald Trump, said he’s confident his ex-boss will be convicted in the Stormy Daniels hush money case.
Donald Trump, his adult sons and their chief associates in the Trump Organization’s sprawling real-estate empire have been ordered to pay more than $364m after a months-long case targeting fraud in the family business.
Donald Trump Jr and his younger brother Eric Trump have fined a total of more than $8m for the fraudulent business dealings of their father’s sprawling real estate empire.
Donald Trump has been ordered to pay more than $350m after being found liable, along with his adult sons and former chief associates of the Trump Organization, for defrauding banks and investors as part ofa decades-long fraud scheme.