Fraud verdict: Judge issues $364 million penalty against Trump and his “criminal” organization
A New York judge on February 16 imposed a $364 million penalty on Donald Trump, his companies, and some executives, ruling that they engaged in a yearslong scheme to dupe banks and others with financial statements that inflated the former president’s wealth. Trump, who built his reputation as a real estate titan, also was barred from serving as an officer or director of any New York corporation for three years. However, the judge backed away from an earlier ruling that would have dissolved the former president’s companies. Trump’s lawyers vowed to appeal. Judge Arthur Engoron issued his decision after...
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