Former US President Donald Trump has been hit with a substantial $364 million penalty in a New York Civil Fraud Case, where the judgment exposes a years-long scheme to deceive banks through inflated financial statements, elevating Trump’s wealth. Judge Arthur Engoron delivered the verdict after a 2½-month trial, imposing a three-year ban on Trump serving as an officer or director in any New York corporation. New York Attorney General Letitia James, a Democrat, claimed a triumph with the hefty penalty, revealing years of deceptive practices in Trump’s rise to wealth, fame, and the White House. The legal battle intensifies as Trump faces a hush-money trial starting on March 25. Additionally, a jury recently slammed him with an $83.3 million bill for defaming writer E. Jean Carroll, who accused him of a decades-old sexual assault in 2019.
NY Judge Slaps Trump with $364M Fraud Penalty, Bans Corporate Roles, US
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