A New York judge orders former President Donald Trump to pay $355 million and cease running any businesses in the state for three years as punishment for fraudulently inflating his net worth to obtain favorable treatment from banks and other lenders.
Additional penalties against Trump's two adult sons and an associate brought the total in the civil case to $364 million.
New York financial fraud
Judge orders Trump to pay $355 million dollars and cease running businesses in the state for three years as punishment for fraudulently inflating his net worth
Key players: New York Attorney General Letitia James, Judge Arthur Engoron
- The crushing penalty — which may top $400 million once interest is factored in — could cost Trump all of his available cash. But because most of his wealth is tied up in real estate, it would not leave him bankrupt.
- Trump has 30 days to either come up with the money or secure a bond. He is expected to appeal. In addition, Trump will likely ask an appeals court to halt the ban on him serving in a lead role at any New York company, including his own, while it considers the case.
- The court also banned Trump’s two adult sons from serving in a similar capacity for two years and fined them $4 million each. Trump's former chief financial officer, Allen Weisselberg, was ordered to pay $1 million. It is unclear who can run the family business in the near future.
New York hush money
Judge rejects Trump’s motion to dismiss hush money case, sets March 25 start date for trial
Key players: Justice Juan Merchan, Trump lawyer Todd Blanche,adult film starStormy Daniels,former Playboy model Karen McDougal, Manhattan District AttorneyAlvin Bragg
more millions he gets sued for like 40 million more
plus how many other countries federal banks he owes 100's of millions more to
usa banks wised up so he had to go abroad
he is losing all his properties mar a lago golf couseres in florida too
