Judge Engoron fines Trump more than $350M, bars him from running businesses in N.Y. for 3 years
The state AG's office said that when factoring in pre-judgment interest, the amount exceeds $450 million. Trump said on Friday night that he would appeal.
The judge who presided over a civil business fraud trial against Donald Trump on Friday ordered the former president, his sons, business associates and company to pay more than $350 million in damages and temporarily limited their ability to do business in New York.
Judge Arthur Engoron ordered the former president and the Trump Organization to pay over $354 million in damages, and barred Trump “from serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years,” including his namesake company.
New York Attorney General Letitia James, who’s office brought the case, said that with pre-judgment interest, the judgment totals over $450 million, an amount “which will continue to increase every single day” until the judgment is paid.
“Donald Trump is finally facing accountability for his lying, cheating, and staggering fraud. Because no matter how big, rich, or powerful you think you are, no one is above the law,” James said in a statement, calling the ruling “a tremendous victory for this state, this nation, and for everyone who believes that we all must play by the same rules — even former presidents.”
The ruling also bars Trump and his company from applying for any bank loans for three years.
Rating: 5