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Trump Hit With $350 Million Judgment In Civil Fraud Trial

Trump Hit With $350 Million Judgment In Civil Fraud Trial

HuffPost
Friday, February 16, 2024 08:19:12 PM UTC

In closing statements, Trump’s lawyer argued the court should award him a medal instead.

Donald Trump owes the state of New York more than $350 million in damages for decades of fraudulent business practices in the state, a New York State Supreme Court judge ruled Friday.

The judgment against Trump was announced by Judge Arthur Engoron.

Over the course of a 44-day civil trial, New York Attorney General Letitia James’ office accused Trump of grossly exaggerating his wealth in order to secure favorable business loans by deceiving banks and insurers.

That includes overvaluing Mar-a-Lago by as much as 2,300%, for example, and falsely claiming his penthouse in Trump Tower was three times larger than it actually was.

James initially argued Trump and his affiliated businesses should disgorge $250 million, only to increase the figure to $370 million in a post-trial brief.

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