NATIONAL NEWS

Donald Trump fraud verdict: $364 million penalty in civil fraud case

Feb 16, 2024, 1:15 PM | Updated: 1:23 pm

FILE - Former President Donald Trump attends the closing arguments in the Trump Organization civil ...

FILE - Former President Donald Trump attends the closing arguments in the Trump Organization civil fraud trial at New York State Supreme Court in the Manhattan borough of New York, Jan. 11, 2024. A verdict is expected Friday in Donald Trump's New York civil fraud trial, adding to a monumental week on the former president's legal calendar. (Shannon Stapleton/Pool Photo via AP, File)

(Shannon Stapleton/Pool Photo via AP, File)

NEW YORK (AP) — A New York judge ruled Friday against Donald Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former president’s wealth.

Trump also was barred from serving as an officer or director of any New York corporation for three years.

Judge Arthur Engoron issued his decision after a 2½-month trial that saw the Republican presidential front-runner bristling under oath that he was the victim of a rigged legal system.

The stiff penalty was a victory for New York Attorney General Letitia James, a Democrat, who sued Trump over what she said was not just harmless bragging but years of deceptive practices as he built the multinational collection of skyscrapers, golf courses and other properties that catapulted him to wealth, fame and the White House.

Trump’s lawyers had said even before the verdict that they would appeal.


This story will be updated.

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Donald Trump fraud verdict: $364 million penalty in civil fraud case